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Announcement

IronPlanet Auction Draws 28 Bidders Across North America On Forklift

PLEASANTON, Calif. – November 3, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $2.9 million of equipment and trucks in its Oct. 20 auction.

Twenty-eight bidders competed for a 2002 Caterpillar GP25KLP forklift. The equipment was located in Texas, with bidders from as far away as Alaska. A bidder in California won the forklift for the highest bid of $13,250.

The auction drew over 7,000 registered bidders from across the U.S. and 18 other countries. A 1995 Ford L9000 dump truck sold for $13,250. A buyer in Trinidad bid on equipment worth over $100,000 located in Kentucky, Utah and North Carolina.

Founded in 1999, IronPlanet has grown to be the third-largest auction company of heavy equipment. With investors such as Caterpillar, Komatsu and Volvo, 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.