Bid4Assets Announces Pilot Auction With U.S. Defense Commissary Agency

Defense Commissary Agency (DeCA) to Conduct Online Auction of Surplus Office

And Grocery Store Equipment From Richmond, Va. (Bellwood) Commissary



Apr 16, 2001, 01:00 ET from Bid4Assets, Inc.

    SILVER SPRING, Md., April 16 /PRNewswire/ -- Bid4Assets, a leading full-
 service asset disposition and advisory services company, today announced that
 it has been commissioned to conduct a pilot auction of surplus office and
 grocery store equipment for the U.S. Department of Defense, Defense Commissary
 Agency (DeCA).  The online auction will be held Apr. 16 - 23.
     The contents of the Defense Supply Center-Richmond (DSC-R) Commissary,
 located in Richmond, VA (Bellwood) will be available for auction online.  The
 sale includes computer and office equipment, cash registers, checkout counters
 and walk-in freezers.  Physical inspection of the assets is available
 April 17-18 at 1800 Jefferson Davis Highway in Richmond, Va.  No appointment
 is necessary.  Photographs and other due diligence are available online at
 www.bid4assets.com.  Interested buyers can contact Bid4Assets with any
 questions by sending an email to service@bid4assets.com.  All interested
 buyers must first register as a user with Bid4Assets before placing bids
 online.  Bidders who are unable to bid online can contact Bid4Assets toll free
 at 1-877-427-7387.
     "We are excited to work with the Defense Commissary Agency on their pilot
 sale of surplus equipment.  Bid4Assets has become a leader in government asset
 sales by leveraging the Internet to reduce costs, increasing asset recovery
 values and broadening the base of potential buyers for our government
 clients," said Tom Kohn, CEO of Bid4Assets.  "This Defense Commissary Agency
 auction will be a great opportunity for growing businesses to acquire office
 and grocery store equipment at competitive prices."
 
     About Bid4Assets
     Bid4Assets, Inc. (http://www.bid4assets.com) is a leading asset
 disposition and advisory services company that sources assets from financial
 institutions, government agencies, bankruptcies and private industry.
 Bid4Assets combines a centralized Internet marketplace with essential offline
 solutions to sell financial instruments, real estate, intangible property,
 personal property and bankruptcy claims to a worldwide network of
 sophisticated buyers more quickly and efficiently than traditional methods.
 Since its launch in November 1999, Bid4Assets has conducted more than
 4,000 auctions for assets in all 50 states.  The company is located in Silver
 Spring, Md., phone (301) 650-9193, fax (301) 650-9194.
 
     Bid4Assets is a trademark of Bid4Assets, Inc.
 
 

SOURCE Bid4Assets, Inc.
    SILVER SPRING, Md., April 16 /PRNewswire/ -- Bid4Assets, a leading full-
 service asset disposition and advisory services company, today announced that
 it has been commissioned to conduct a pilot auction of surplus office and
 grocery store equipment for the U.S. Department of Defense, Defense Commissary
 Agency (DeCA).  The online auction will be held Apr. 16 - 23.
     The contents of the Defense Supply Center-Richmond (DSC-R) Commissary,
 located in Richmond, VA (Bellwood) will be available for auction online.  The
 sale includes computer and office equipment, cash registers, checkout counters
 and walk-in freezers.  Physical inspection of the assets is available
 April 17-18 at 1800 Jefferson Davis Highway in Richmond, Va.  No appointment
 is necessary.  Photographs and other due diligence are available online at
 www.bid4assets.com.  Interested buyers can contact Bid4Assets with any
 questions by sending an email to service@bid4assets.com.  All interested
 buyers must first register as a user with Bid4Assets before placing bids
 online.  Bidders who are unable to bid online can contact Bid4Assets toll free
 at 1-877-427-7387.
     "We are excited to work with the Defense Commissary Agency on their pilot
 sale of surplus equipment.  Bid4Assets has become a leader in government asset
 sales by leveraging the Internet to reduce costs, increasing asset recovery
 values and broadening the base of potential buyers for our government
 clients," said Tom Kohn, CEO of Bid4Assets.  "This Defense Commissary Agency
 auction will be a great opportunity for growing businesses to acquire office
 and grocery store equipment at competitive prices."
 
     About Bid4Assets
     Bid4Assets, Inc. (http://www.bid4assets.com) is a leading asset
 disposition and advisory services company that sources assets from financial
 institutions, government agencies, bankruptcies and private industry.
 Bid4Assets combines a centralized Internet marketplace with essential offline
 solutions to sell financial instruments, real estate, intangible property,
 personal property and bankruptcy claims to a worldwide network of
 sophisticated buyers more quickly and efficiently than traditional methods.
 Since its launch in November 1999, Bid4Assets has conducted more than
 4,000 auctions for assets in all 50 states.  The company is located in Silver
 Spring, Md., phone (301) 650-9193, fax (301) 650-9194.
 
     Bid4Assets is a trademark of Bid4Assets, Inc.
 
 SOURCE  Bid4Assets, Inc.