SOURCE: Cowan Alexander

May 11, 2005 12:28 ET

Cowan Alexander Offers Liquidation of Surplus Equipment From Micromanipulator Pioneer

CARSON CITY, NV -- (MARKET WIRE) -- May 11, 2005 -- After forty-nine years in the analytical semiconductor probing industry, Micromanipulator is shedding all surplus assets of its original founders' personal research and development laboratories. The Micromanipulator Co, Inc., which continues operations under President and Chief Operating Officer Kenneth F. Hollman, is making needed space for the release of advanced probing products.

As renowned mountain man Kit Carson led the way in exploring the West, and whose namesake became the town where Micromanipulator finds itself, the late company founder believed Carson City to be an appropriate home for his company. Robert "Stan" Hancock was known as a determined and resourceful trailblazer in the analytical probing market.

"This auction represents an important event for the semiconductor industry and Carson City since the company history and operations have prospered here for almost three decades," said Don Cowan, president of Cowan Alexander.

Auction items for sale include optical and semiconductor processing equipment, machine tools, vintage radio and test instruments, portable storage containers and metal scrap spread across 10,000 square feet. Unique items include a diesel-run generator, a collection of antique vacuum tubes, testers, and processing equipment and complete glass, wood, metal and welding shops.

All equipment will be sold regardless of price with no minimum bid and no reserve prices.

The auction will take place Wednesday, May 25, 2005, at 11 a.m. PDT at the Micromanipulator facility located at 1100 Corbett Street in Carson City, Nev. Auction items will be available for preview and inspection at the same location on Tuesday, May 24 from 9 a.m. to 5 p.m. and the morning of the sale from 9 a.m. to 11 a.m.

The auction will also be broadcast through a live WebCast, where auction attendees can bid via the Internet. A comprehensive auction catalog with photos will be posted 24 to 48 hours before the sale online at www.cowanalexander.com.

About Cowan Alexander & Asset Reliance International

Cowan Alexander, LLC and Asset Reliance International are the nation's leading technology auction, capital recovery and valuation companies. Both companies provide custom-tailored asset disposition and valuation services to technology investors, lenders and technology companies. This experienced team of professionals has successfully sold more than $1 billion in assets and has completed more than 1,000 valuation assignments worldwide. For more information, visit www.ar-int.com or www.cowanalexander.com.

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