SOURCE: Cowan Alexander

May 02, 2006 12:00 ET

Large Scale Biology Corp Liquidates 50,000 Square Feet of Biomanufacturing Equipment Through Cowan Alexander Webcast Auction

Centrifuges, Robots, Workstations, Analyzers, Seeding System, Autoclaves and Incubators Are Just a Few of the State-of-the-Art Items for Sale

VACAVILLE, CA -- (MARKET WIRE) -- May 2, 2006 -- Cowan Alexander, LLC and Asset Reliance International, leaders in appraising technology equipment and Webcast auctions, announced the auction dates for assets of Large Scale Biology Corporation. The auction presents an opportunity to bid on 50,000 square-feet of modern biomanufacturing and analytical/QC lab equipment formerly used to create plant-made pharmaceutical proteins and vaccines.

"These bioscience tools and equipment are cutting-edge lab and analytical instruments that will be available for a bargain," said Don Cowan, president of auction firm Cowan Alexander. "Since all the equipment will be sold with no minimum bid and no reserve price, we expect tremendous enthusiasm from people looking for an incredible buying opportunity."

The Large Scale equipment auction will take place May 18, 2006, at 11 a.m. PST at 3333 Vaca Valley Parkway, Vacaville, Calif. Auction items will be available for preview and inspection at the same location on May 17, 2006, from 9 a.m. to 4 p.m. and promptly before the auction on May 18, from 9 a.m. to 11 a.m. A complete catalog including photos will also be posted 24 to 48 hours prior to the auction at www.cowanalexander.com.

Additional equipment for sale includes Maldi TOF Mass Specs, HPLCs, LCs, purifiers, centrifuges, robots, workstations, analyzers, a Bouldin & Lawson seeding system, autoclaves, incubators, hoods, freezers, microscopes, spectrophotometers, imagers, illuminators, vapor traps and more. The auction also includes hundreds of personal computers, hand tools, machine tools, materials handling equipment, a forklift, back up generator, air compressor and general office equipment. All equipment will be sold regardless of price with no minimum bid and no reserve prices.

The auction will be Webcast nationwide. Buyers can bid live on site or via the Internet. Photos and information about the auction is available 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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