SOURCE: IronPlanet

December 18, 2006 09:00 ET

IronPlanet Completes Largest Online Auction in Company History

PLEASANTON, CA -- (MARKET WIRE) -- December 18, 2006 -- IronPlanet (www.ironplanet.com), the third-largest heavy equipment auction company in North America, sold over $11 million of equipment and trucks during its Dec. 14 sale -- a record for the online auctioneer.

"It was a record-breaking sale to complete a record-breaking month, quarter and year," says Rob Alleger, IronPlanet's CEO, referring to the company's December gross auction sales of over $20 million.

Over 8,000 bidders from across the U.S. and 22 other countries attended the record-breaking auction of more than 450 truck and construction equipment items.

There are 25 absolute online auctions in the upcoming IronPlanet 2007 auction calendar. A complete auction schedule with photos, details and inspection reports for the equipment in these auctions is available at www.ironplanet.com.

Founded in 1999, IronPlanet has grown to be the third-largest auction company of heavy equipment. With Caterpillar, Komatsu and Volvo as investors, IronPlanet sells a broad range of used equipment including construction, agricultural and trucks through online auctions. IronPlanet is the only auction company to provide detailed, guaranteed inspection reports for used equipment in its auctions. If you are interested in buying or selling used equipment, go to www.ironplanet.com.

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