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Announcement

Two Motor Graders Sell from Canada to Germany at IronPlanet Auction

PLEASANTON, Calif. – March 11, 2005 – IronPlanet (www.ironplanet.com), the third-largest auctioneer of heavy equipment in North America, sold $2.6 million of equipment and trucks in its March 10 auction.

A buyer in Germany purchased two 1998 Caterpillar 140H Motor Graders located in Canada. Both graders brought bidders from the U.S. and three other countries, each selling for the highest bid of $104,000 and $105,000 respectively.

“This sale is another great example of a strong equipment market,” says Mike Rich, vice-president of sales for IronPlanet. “Now is definitely the time to sell.”

The March 10 sale drew over 8,500 registered auction attendees with bidders from the U.S. and 15 other countries. On average, an item sold to a buyer more than 800 miles from its selling location, with 90% of the equipment going to an out-of-state buyer.

Founded in 1999, IronPlanet has grown to be the third-largest auctioneer of heavy equipment. Financially backed by 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.