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Announcement

IronPlanet Completes $3.1 Million One-Owner Auction

PLEASANTON, Calif. – December 14, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $3.1 million of equipment in its Dec. 14 auction for Danny Webb Construction in Beckley, WV.

“The overall experience was, to say the least, a very good one,” commented owner Danny Webb.

Over 8,000 registered auction attendees from across the U.S. and 8 other countries participated in the unreserved online auction. The auction took place online with all bidding over the internet, accounting for 100% of the auction’s total sales. IronPlanet’s auctions are exclusively online, allowing buyers to bid from anywhere in the world.

The auction included 197 pieces of equipment all located in West Virginia. A 2000 Caterpillar D6RXL tractor sold for $130,000. Thirty bidders vied for a Ford farm tractor that sold for $8,000. A 1996 Caterpillar D6HIIXL tractor sold to a buyer in Saskatchewan for $63,000.

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 auction. If you are interested in buying or selling used equipment, go to www.ironplanet.com.