6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of October, 2002

Liquidation World Inc.

(Translation of registrant's name into English)

3900 - 29th Street N.E., Calgary, Alberta, T1Y 6B6

(Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F    X      Form 40-F       

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes           No  X      

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereinto duly authorized.

  Liquidation World Inc.  

(Registrant)

Date:     November 1, 2002

By    

Signed (Andrew Searby)

Andrew Searby, C.A.

Chief Financial Officer

November 1, 2002

Securities & Exchange Commission

450 Fifth Street N.W.

Washington, D.C.  20549

Attention:  filing desk

Dear Sirs & Madams,

Re:

Liquidation World Inc.

Your File No. 0-27948

Form 6-K

We enclose eight copies of a Form 6-K (one originally signed) for the month of October 2002 detailing the following:

•

news release;

•

share capital summary.

If you have any questions regarding the above, please contact the undersigned.

Yours very truly,

LIQUIDATION WORLD INC.

Signed (Andrew Searby)

Andrew Searby, C.A.

Chief Financial Officer

AS/mo

EX-2

Symbol:		TSX - "LQW" and NASDAQ - "LIQWF"
For the Month:		October, 2002
Date:		November 1, 2002
OUTSTANDING STOCK OPTION SUMMARY
Pursuant To Stock Option Plan
	Opening Stock Option Balance, October, 2002					18,750
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance Stock Option Plan					18,750
Pursuant To 1996 Stock Option Plan
	Opening Stock Option Balance, October, 2002					76,750
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1996 Stock Option Plan					76,750
Pursuant To 1997 Stock Option Plan
	Opening Stock Option Balance, October, 2002					214,400
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1997 Stock Option Plan					214,400
Pursuant To 1998 Stock Option Plan
	Opening Stock Option Balance, October, 2002					70,650
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options Cancelled:
	None					0
	Closing Balance 1998 Stock Option Plan					70,650
Pursuant To 1999 Stock Option Plan
	Opening Stock Option Balance, October 2002					112,180
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1999 Stock Option Plan					112,180
Pursuant To 2000 Stock Option Plan
	Opening Stock Option Balance, October, 2002					112,100
	Options Granted:
	None					0
	Options Exercised:
	Date	Name	Date of Grant	Price	Number
	October 11, 2002	Ross Roberts	Dec. 14, 2000	4.700	2,000
						(2,000)
	Options Cancelled:
	None					0
	Closing Balance 2000 Stock Option Plan					110,100
			SHARES RESERVED
	Stock Option Plan Opening Reserve Balance					41,220
	Stock Options Exercised					0
	Closing Reserve Balance					41,220
	1996 Stock Option Plan Opening Reserve Balance					94,594
	Stock Options Exercised					0
	Closing Reserve Balance					94,594
	1997 Stock Option Plan Opening Reserve Balance					216,500
	Stock Options Exercised					0
	Closing issued Capital Balance					216,500
	1998 Stock Option Plan Opening Reserve Balance					150,000
	Stock Options Exercised					0
	Closing issued Capital Balance					150,000
	1999 Stock Option Plan Opening Reserve Balance					129,280
	Stock Options Exercised					0
	Closing issued Capital Balance					129,280
	2000 Stock Option Plan Opening Reserve Balance					149,850
	Stock Options Exercised					(2,000)
	Closing issued Capital Balance					147,850
ISSUED CAPITAL SUMMARY
	Opening Issued Capital Balance, October, 2002
	As previously reported			8,565,836
	Adjustment for carry forward error in August, 2002			(27,000)		8,538,836
	Stock Options Exercised					2,000
	Other - Normal Course Issuer Bid					0
	Closing Issued Capital Balance					8,540,836

EX-3

LIQUIDATION WORLD

NEWS RELEASE

For Immediate Release

October 10, 2002 – Calgary, Alberta

Liquidation World Announces

Quarterly And Annual Revenue

Liquidation World Inc. (LQW – TSX; LIQWF – Nasdaq) announces revenues for the 52 weeks ending October 6, 2002.  Revenue for fiscal 2002 totaled $176.9 million compared to revenue of $185.2 million during the 53 weeks ending October 7, 2001, representing a 4% decrease, year over year.  

Sales during the fourth quarter of fiscal 2002, the 13 weeks ending October 6, 2002, totaled $42.9 million, a 13% decrease from $49.2 million during the corresponding 14 weeks in fiscal 2001. The 13% decline results from a combination of the shorter period (13 weeks versus 14 weeks or 7%) and softer outlet revenues compared to the prior year.

Complete financial results for fiscal 2002 will be announced in mid December 2002.

Liquidation World is pleased to announce on October 16, 2002 it will be opening a new outlet in Coquitlam, British Columbia, bringing the Company to 98 locations in Canada and the United States.  The outlet extends the Company’s penetration in the British Columbia lower mainland market while taking advantage of existing logistic and distribution systems.

About Liquidation World

Liquidation World offers a uniquely diversified menu of solutions for organizations with asset recovery issues. Services include auctions, reverse logistics and processing, store closure sales management, turnaround consulting, and retail liquidations of consumer merchandise through 98 outlets across North America.  Liquidation World solves asset recovery problems, in a professional manner, for the financial services industry, insurance companies, manufacturers and other organizations.  Liquidation World opened its first retail outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets and offices across Canada and the United States.

For more information, please contact:

Mr. Dale Gillespie, Chief Executive Officer

Mr. Andrew Searby, C.A., Chief Financial Officer

E-mail:  investorinfo@liquidationworld.com

Website: www.liquidationworld.com

Telephone:  (403) 250 – 1222

Fax:  (403) 291 – 1306