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Announcement

IronPlanet Completes $5.9 Million Auction

PLEASANTON, Calif. – Oct. 19, 2006 – IronPlanet (www.ironplanet.com), the third-largest heavy equipment auction company in North America, sold nearly $6 million of equipment and trucks during its Oct. 19 auction.

Almost 7,000 auction attendees from across the U.S. and 19 other countries registered to bid on over 400 truck and construction equipment items at the online auction. A 2002 Caterpillar 330CL track excavator located in Arizona sold to the highest bidder in California for $144,000. Thirty-one bidders competed for a 1999 Bobcat 773 skid-steer loader that sold to the highest bidder for $11,000. A buyer in Hong Kong bid on 20 scissors lifts, winning highest bid on eight of the units located in California, New Mexico, Texas and Utah.

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.