October 11, 2006

Horton Machine, LLC

Dear Mr. Mannion,

Now that the unhappy business of liquidating Horton Machine is completed, please allow me to express satisfaction in having selected Asset Sales as the agency to resolve the problems. Although failure is never pleasant, your methods and skills resolved the situation with an absolute minimum of future difficulty for me personally.

Even though I managed to lose a small fortune while operating Horton Machine, you helped to greatly reduce the impact of its failure on my future finances.

Your staff was always cooperative, competent and compassionate, a reflection of your leadership of Asset Sales.

Should I ever encounter anyone in need of resolution through liquidation, you can be certain that you and Asset Sales will receive my strongest recommendation.

--- Jeffrey Klein

February 8, 2006

Buffalo Sheet Metals, Inc.

Dear Jerry;

On behalf of the Herr Family, I express sincere appreciation to you and to the staff at Asset Sales, Inc. for the outstanding work you did in conducting the auction held at Buffalo Sheet Metals, Inc. in September 2005.

Closing a family owned business after 51 years of operation in our local community and in New York State was indeed a difficult task from many standpoints. Not only were we in “unfamiliar waters” but the emotional impact of a forced closing was monumental to each of us at various levels.

We were working with an appraisal company recommended by our banking firm when Asset Sales, Inc. entered our world by way of a phone call from Mike Stewart. Mike presented himself and your company in a most professional manner. The initial phone call led to conversations with you, Jerry, and resulted in your timely flight to Buffalo where we met with you, Mike and your sons Lance and Mark. Your cost effective presentation and professional approach to our situation was impressive – impressive enough for our banking firm to change gears and hire Asset Sales.

Mark and Julie Draper were the next representatives we met from Asset Sales. They inventoried our tools, machinery, and equipment – and, using their experience, expertise and professionalism transformed our shop into an auction venue. Along with their diligence, Mark and Julie also demonstrated an awareness of and sensitivity to the closing of a family business.

The brochure Asset Sales produced, along with your marketing program, drew an overwhelming number of attendees to our location – more than we would ever have expected and from all parts of the United States and beyond. The amount of money raised at the auction, likewise, was more than either our banking firm or our family anticipated. Your entire staff did an outstanding job on the day of the auction – in particular auctioneers Lance and Mark. Our only regret is that we did not arrange to have you auction our buildings because we now know you would have done an outstanding job in that area as well.

Asset Sales, Inc. conducts business in a manner that is slowly but surely disappearing from the American business scene – you honor your word and place a value on “trust”. You treated our family with dignity, compassion, concern and professionalism during a trying and very difficult time in our business and personal lives.

Our experience with Asset Sales, Inc. was extremely positive. On behalf of Wayne and Kevin Herr, I highly recommend Asset Sales, Inc. as liquidators, appraisers and auctioneers.

Very truly yours,

Eileen C. Herr
former president and CEO

Wayne D. Herr
former vice president and COO

Online Equipment Sale for Del-Bar

It is with great pleasure that I take this opportunity to commend you and your staff for an outstanding performance in the sale of the equipment at Del-Bar Sheet Metal. During my brief 30 years of doing business occasions such as this were not often however when a company or individual performed in a manner above expectations letters were composed.

The professionalism was displayed from the initial phone call, first site visit and knowledgeable discussion on how to arrive at what would be best for both concerns. Your field man Mike Noble’s attention to detail in pictures, placing of equipment and sale management, as well as final clean up was superb.

In closing it was a real pleasure working with your firm as well as Jeff, Lance, and Mike. Should I have the opportunity to ever recommend your firm to anyone, I would not hesitate at all.

Thanking you for your time and consideration in this matter.

Very Truly Yours,
--- Chet Bartlinski, President
Del-Bar Sheet Metal Co., Inc.

November 21, 2005

ALSTOM Transport

Dear Peter,

Following the completion of the Auction and most of the 2000 lots removed, I feel now is a good time to reflect on a very successful outcome to what was a mammoth task.

From the early stages concern was expressed by Alstom that Asset Sales must achieve the maximum value of capital equipment and to be carried out whilst the site was still in operation. Five Companies were approached to tender for asset disposal of which Asset Sales were successful in being selected for the process.

Alstom have been very satisfied with Asset Sales and would like to thank Peter Haigh for his commitment and Paul Greenwood who was employed by Asset Sales to assist in the process.

I would use Asset Sales again should this need arise and recommend Asset Sales to any other company that is going trough a site closure.

--- M. Clarke
Production Manager

October 31, 2005

Cache Valley Bank
Spectrum Manufacturing

Dear Mr. Mannion,

I wanted to thank you for the manner in which you handled the auction of the machine shop that we were forced to repossess. From your first analysis to the final settlement, I found you to be forthright.

You were extremely knowledgeable and provided me with a sound estimate of what you believed the equipment would bring. Your staff was diligent in making sure that everything was prepared so items were well presented during the auction. Your willingness to work through all the situations that arose during the preparation of the auction was greatly appreciated. Your excellent marketing of the auction resulted in a final figure that was a pleasant surprise. I was impressed with the way you and your staff handled the auction and how you were successful in making sure the bidding produced a reasonable price.

Your staff’s follow up after the auction was thorough and I enjoyed working with them. Settlement was made as you had agreed.

I would be willing to recommend your service. You do what you say you will do and that makes it a pleasure to work with you.

--- J. Gregg Miller
President

September 9, 2005

WYSONG & Miles Company

Dear Gerry:

A word of thanks and appreciation for all of your efforts of hard work to make the Wysong & Miles sale a success. It was great to see how efficiently your team worked together.

The set up of the equipment that Mark and Julie handled was quick and neatly arranged. On the auction day, the registration and invoicing went smoothly and Lance did a superb job on the stand bringing higher numbers on the machinery than we expected.

All in all, the auction was a great success and we would be happy to recommend your services to anyone who asks.

--- R. F. Hall, III
President

June 28, 2005

Northen Blue, L.L.P.

Dear Gerry:

Please accept this letter as our recommendation for your firm, based upon the results obtained for Wysong & Miles Company (the “Debtor”) in its Chapter 11 proceeding in the U.S. Bankruptcy Court for the Middle District of North Carolina. As counsel for the Debtor, we had the opportunity to receive and evaluate a number of proposals for the liquidation of substantially all the equipment used in the Debtor’s manufacturing process. Asset Sales provided the most attractive offer, both in terms of flexibility in deciding whether to go with a period of marketing for private sales, a bulk sale, an auction, an auction with a guaranteed minimum and participation in excess sales proceeds, and the pricing and terms offered for each of the alternative approaches.

Once the Debtor selected your firm, the negotiations of final terms and of subsequent adjustments was reasonable and responsive to the needs of the parties. As you know the equipment was appraised as having an auction-sale value of approximately $1.2 million. However, your company’s efforts resulted in a private sale of one large item at $600,000, and aggregate auction proceeds on the remainder of approximately $1.2 million, a gross recovery of about $1.8 million. These results greatly facilitated the payment of secured creditors and the consummation of a plan built around this partial liquidation and the preservation of the reorganized company as a parts and service business.

--- John A. Northen

June 21, 2005

SANMINA -SCI

Dear Gerry,

I want to take this opportunity to thank you and your staff for the great job you did in the disposition of our excess material at Sanmina–SCI.

The preliminary discussions detailing the items available went very smoothly. Your advance team included excellent pictures of all the equipment. It was particularly Good to have your advance man Mike Noble on board to identify the sequence of events for an auction and supervise the cleaning process of all the items. I am sure that it greatly enhanced the auction sale.

It was a great pleasure to work with you and your team on the project. Should I be in need of auction support in the future, I will not hesitate to give you a call.

--- Richard E. Peltier
Purchasing Mgr.

March 1, 2005

RJ Reynolds Tobacco Company

Dear Gerry,

Thank you for the exceptional job provided by you and your staff during the recent auction of our central machine shop. All aspects of this project, from the beginning of negotiations until the final piece of machinery left the premises, were handled very professionally.

Assets Sales actually performed as promised. Mark and Julie Draper, your field supervisors, managed the pre-auction cleanup and organized the machinery for auction with skills only gained by a vast amount of knowledge and experience. They paid attention to every detail and impressed us by managing the removal of all equipment expediently and without incident, including the final cleaning of the building.

Please pass on our appreciation to Lance, Kim, Mike, Dann, Carla, Mark, and especially, Mark and Julie for a job well done. They are truly a great team.

Sincerely,

--- Jim R. Jones
Property Manager
RJ Reynolds

--- Harry Hicks
Senior Principle Engineer
RJ Reynolds

November 19, 2004

Carolina Industrial Equipment Co., Inc.

Dear Gerald,

Having an auction to sell the assets of my company was a frightening thought. My trusted attorney recommended your firm because of the outstanding job you did for another client of his. Little did I know how right he was.

From our first meeting until the last item as auctioned, you and your company exuded professionalism. Each member of your team was a pleasure to work with and they worked together like the well-oiled machines they sold. Your company on every level impressed me.

The professional brochure and web site made for a wide area of advertisement as well as an outstanding turnout. Jeff Kerlick excelled in getting the machinery prepared for the sale, and in the removal, security and clean up that followed. Lance and his team handled the actual sale with confidence and ease. Kim and the accounting staff were accurate and prompt with the billing and collection of proceeds.

All of the above worked together to make sure that the results of the auction exceeded my expectations, and for this I am very grateful. If you ever need a personal reference, I will be more than happy to share my experience. Thank you again for all you did.

--- Frances H. Stewart
President

July 1, 2004

Greene Machine Co., LLC

Dear Gerry,

I have been attending auctions for the past 35 years and have been following your auctions for the last several years. I got to know your son, Mark Mannion, a few years ago at an auction you held and became friends with him.

When I went in the machine shop business, I never thought that I would need to contact you to hold an auction at my company, but the failing economy in our area recently caused me to have to go out of business. So, when the decision was made to close, I knew there was only one auction company to be considered. Two days after I contacted you, Mark Mannion was at my shop. His professionalism was just what I expected when he came to discuss the terms of the auction.

Then, a week or so later, he and his brother, Lance Mannion, came back to my shop to discuss the set-up of the auction, which was going to be tough because of the lack of space. They told me that they were going to send Mark Draper and his wife, Julie, to set up my auction. When they arrived, it took only minutes for me to realize what a great team had been sent to me. Their expertise in this field was second to none. They are two of the greatest people I have every met. Their professionalism in setting up my auction is still being talked about by attendees at my sale, who say that this was the best set-up job they had ever seen at any auction.

Mark Draper and Lance Mannion are the most outstanding auctioneers I have ever heard, and Mike Stewart and Kim Harris do such an excellent job in recording and billing each lot.

Having an auction sale is a very risky procedure, but knowing how many flyers you were mailing and knowing what a great reputation your company has earned, my mind was completely at ease after signing your contract.

My shop is located near a small town in North Carolina, yet we had attendees at our auction sale from as far away as California, Texas, Illinois, New York, Pennsylvania, Virginia, Tennessee, and many other states. Before the auction sale, Asset Sales representatives even called all the local machine shops in our area to personally invite them to the sale after having already mailed them a flyer. Many of these company owners told me that this was the first time they had ever been contacted by phone from an auction company regarding a sale.

The results of my auction sale far exceeded my expectations. It just couldn’t have turned out any better! I will highly recommend your company in the future to anyone planning an auction sale.

Your staff helped me get through a very difficult time. Please extend to each of them my deepest appreciation. I will never forget all of you!

--- Michael A. Greene

February 10, 2004

Norgren Automotive, Inc.

Dear Gerry,

On behalf of Norgren Automotive, I feel compelled to acknowledge the outsanding professionalism and thoroughness of Asset Sales in the recent equipment dipsoal of one of our facilities. You were good to your word on the time frame and the processeses involved with the auction.

It was your confidence and personal involvement that gave us the assurance to choose Asset Sales over the local well-known competitor. It was because of your company that we could focus on our new business strategy and achieve quicker results by permitting you to handle the entire invironment surrounding the auction.

I would undoubetedly recommend your company's service to anyone who wants a successful result from an auction. Thank you for leading us through the unknown world of company auctions and exceeding our monetary expectations for the auction.

Sincerely,

--- Michael P. Pomaranski
President

January 21, 2004

Detroit Tool & Engineering Industries

Dear Gerry,

I would like to take this opportunity to thank you for a job well done by your complete staff. You have now performed 2 Auctions for me in which they were both executed with extreme professionalism. Your company performs a service from beginning to end that is unmatched by your competition. As with our 1st. auction, many of the attendees commented on the level of organization in which the auction was handled.

If a need for your services is required in the future I will definitely contact Asset Sales.

Sincerely,

--- Wayne Uhl
Director of Operations
DT Industries, Inc.

December 02, 2003

Sulzer Process Pumps, Inc.

Dear Sir,

I want to express my complete satisfaction in Asset Sales' performance during the reconfiguration of our facility. It was a pleasure to work with your company. We were told in advance what we could expect at each stage of the auction and everything unfolded as you said. This really helped us prepare for what could have been a disruptive time for our operations. With your help, we were able to maintain our production during and in the weeks following the auction with minimal interference.

I have no regrets in selecting your company to handle our sale and would not hesitate to recommend you to other potential customers.

--- Alan Crawford
General Manager

November 20, 2003

ABB, Inc.

Dear Mike:

On behalf of ABB in Warminster Pennsylvania I would like to thank you and all the personnel of Asset Sales who recently helped ABB dispose of surplus equipment through the public auction you held on our behalf.

In my 30 plus year career I had heard many horror stories related to auctions. I want you to know that working with the Asset Sales personnel I found not one of those stories to be true.

The Asset Sales people made commitments to ABB on having certain processes completed prior to, during and after the auction. Asset Sales met every one of those commitments in the time frame that was committed to.

I can honestly say if I am involved in any future auctions your company will be my first telephone call.

Thanks again for a successful auction.

--- Dale E. Wickham
Director Supply Management

December 20, 2002

Kaiser Fluid Technologies, Inc.

Dear Gerry,

Despite stiff competition from other highly regarded, National and International Firms, Asset Sales, Inc. was chosen to liquidate the Kaiser Fluid Technologies Plant in Charlotte, NC. Your firm's forthright, honest, and candid approach to the realities of the current marketplace for Industrial Equipment, weighed heavily in our decision to select Asset Sales.

The pre-auction equipment preperations were excellent. The web-site pages and advertising brochure truly exceeded my expectations, and was clearly larger and more detailed than what I felt was "Industry Standard". The turn-out on the day of the auction was truly impressive. Not only were there plenty of bidders, they were the "right" buyers for the equipment on hand. Despite the current "soft" market conditions for Machine Tools and Industrial Equipment, Asset Sales was able to generate financial returns significantly greater than we had expected.

The success of the Kaiser/Asset Sales collaborative effort allowed the planned building closing to happen on-schedule, in a "broom cleaned" condition.

You and your people actually did what you said they would do! Thank you.

Respectfully yours,

--- Jerald T. Dwyer
Facilities Manager

October 31, 2002

Park Corporation

Re: Fellows Corp., Bryant Grinder Corp., J&L Metrology Co., Inc. Auctions

Springfield, VT - October 8, 9, and 10, 2002

Dear Gerry,

Many thanks to you and your staff for all your hard work to make the auction held earlier this month in Springfield, VT such a huge success. We appreciated the long hours worked and the extra effort shown by your employees.

Asset Sales personnel were helpful and knowledgable with every aspect of the auction from taking the initial inventory to preparing the final tally. The large number of potential buyers at the auction was evidence of your advertising capabilities.

Sincerely,

--- Ron Douglas

July 02, 2002

Voith Paper Jagenberg Inc.

Dear Gerry,

I would like to take a few minutes to thank you and your entire organization for the fine job you all did with our suplus auction sale here at Voith Paper Jagenberg Inc. You personally, along with your entire staff, handled all phases of this job with the utmost professionalism.

I would specifically like to mention to you the outstanding and exemplary job performed by your Field Supervisor Mr. Jeff Kerlick. Jeff's effort was outstanding, both during the final stage of setting up prior to the day of the auction, but especially during the item removal phase. His hard work and professionalism allowed us to continure our day-to-day activities with as close to a sense of normalcy as could be expected. He performs well normally, gets better under pressure, and represents you very well.

I wish you and your company nothing but success in the future. I will strongly recommend you and your organization to any who may be in need of the services you provide, and will be more than happy to speak to anyone seeking a reference.

Respectfully Yours,

--- Stephen A. Allen
Manager Manufacturing

December 20, 2001

Industrial Machining Technology, Inc.

Dear Jerry:

The auction conducted December 11, 2001 on behalf of Industrial Machining Technology, Inc. was a complete success. You and your very professional staff did exactly what you said you would, and obtained exactly the results you predicted. Your conviction and courage in giving IMT a very substantial guarantee before the auction gave me a high level of confidence in your abilities. My confidence in your performance was justified at every step throughout the process. I could not be more pleased.

Please feel free to use this as a letter of recommendation. Thanks again for a great job.

--- Theodore E. Hall
President

October 1, 2001

Pride Engineering, Inc.

To Whom It May Concern:

The tough economy starting in the Spring of 2000 unfortunately was more than my company could withstand. My second lender foreclosed and I was left with nothing to show for several years of hard work and thousands of dollars invested.

Fortunately, the lender and I were able to work out an arrangement where I was incentivized to help them maximize the dollars they could realize from the sale of my company's assets. As part of the deal, I would be able to use my earnings from the incentive to "buy back" a sound portion of my former company. To be successful I needed to maximize their return.

The most difficult part of my task was advising the lender on the disposal of $1,500,000 in equipment. I had never experienced locating an auctioneer before and in the process I talked to six different firms. From these six, I narrowed it to one, Asset Sales. This was a major decision on my part because my recommendation had to be right or the trust my lender had placed on me would have been lost and the buy back deal lost with it.

Fortunately I picked Gerry Mannion and Asset Sales. Gerry provided the best package. His earnings guarantee was the highest and his references were all superb. We signed a guaranteed amount deal and watched as Gerry's staff marketed the auction, set up the equipment and ran the sale.

My only regret was I did not take the advice of ones of Gerry's references and agree to a participate contract. If we had, we would have netted more than the guaranteed amount.

Gerry and his staff are all professional people. They are friendly and courteous to deal with and I believe get the most out of the assets. I would without question recommend Gerry and Asset Sales above all others.

--- Mark Zauhar
Pride Engineering, Inc.

April 16, 2001

Alfa Laval

Dear Gerry,

Alfa Laval appreciates the professionalism demonstrated by Asset Sales Inc. in the auction of our excess manufacturing inventory. Your Company won our business in a very competitive market and the results demonstrated why Asset Sales Inc. is the recognized leader in the market place.

- The assistance to Alva Laval in understanding the auction process and options to be considered set the stage for a great working relationship.

- The clarity of your proposal provided a clear capability for Alfa Laval to assess the pro's and con's of the various proposals and select Asset Sales as the clear winner.

- Your set up team led by Mike Zajac did an absolutely superb job in preparing the equipment for auction. They worked well with our Union workforce to insure that harmony was maintained.

- The excellence in the event preparation and advertising was clearly demonstrated in the crowds that showed up for both preview and auction day.

- The auction process itself was an event to behold. Your team kept the bidders focused on the equipment and its value. It was a long day but not once was there a moment's delay in selling Alfa Laval equipment to the high bidder. Financial results were beyond expectations.

- Of course the world revolves around money and it was great to be able to report to the financial world that each of the scheduled payments was paid as agreed without any delays.

Thank you and each member of your team in making the auction of our excess equipment a resounding success. It is now time to start planning for auction 2. The success of auction 1 has won Asset Sales Inc. sole source procurement status with Alfa Laval.

--- Bruce E. Ross
General Manager, Operations

March 13, 2001

Yarway Corporation

Dear Jerry,

Just a few lines thanking Asset Sales for the professional manner in which the auction at Gimple Corp. was executed.

All personnel involved were very knowledgeable in their specialized fields with machines and tooling being cleaned,properly identified,and arranged in a orderly fashion that was a key factor in this successful auction.

The advertising brochure was precise and attractive with colorful photographs of machines,tooling,cranes,and related equipment.

The auction exceeded the original recovery estimate which was no easy task considering all machines were running production right up to the final call.

Thanks again for a job well done.

--- William Bushnell
Manufacturing Manager

December 11, 2000

Old National Commercial Lending

Dear Gerry:

I wanted to formally thank you for all the hard work you and your staff put into the Boonville Auction. I truly appreciate the way you personally saught our complete satisfaction from our initial conversation until the last piece of equipment left the premises.

Thank you very much for turning this difficult situation into a positive experience.

Send my best to Lance, Jeff, Kim, and Karla and please pass on my personal gratitude for their efforts.

--- Kyle Uebelhor

December 11, 2000

Bucyrus International, Inc.

Dear Jerry:

Another successful auction. It's great to work with an organization that knows how to get the most out of liquidating assets. Your team of professionals were on top of the auction planning process, at our Boonville, Indiana facility, of cataloging assets, brochure planning and marketing, asset preparation/cleaning, auction day organization and record-keeping, post auction accounting and cash transfer and asset removal. I can not say enough about your organization's flexibility in all areas of the process.

You have shown us time and again that Asset Sales is the group to work with when liquidating assets. Having had other auctions I know this is not the case with all firms.

I would be pleased to act as a reference to your other clients and prospects.

Once again, thanks for a great job.

--- John F. Bosbous
Treasurer

November 16, 2000

The McCarter Corporation

Dear Jerry,

I would like to take this opportunity to thank you for the service provided to our company during the recent equipment auction. From start to finish everything went smoothly and we were pleased with the results.

The people you sent to the shop to set up, Mike Kilmer and Mike Zajac did an excellent job of organizing the equipment and cleaning accumulated years of grime off of it. Their hard work contributed to the success of the auction, and your experienced team made the day of the auction run smoothly.

We are pleased to provide this recommendation. It was a pleasure to work with you.

--- H. Craig McCarter

June 15, 2000

The Sentry Group

Dear Jerry,

On behalf of Sentry Group and myself, I would like to thank you and all of Asset Sales excellent staff for running a very professional major public auction on our surplus equipment May 23, 2000.

As you know, we interviewed ten auction companies during our intensive process of selecting the one which gave us the feeling that we could achieve our objectives. You did everything you said and more. I feel good knowing that i made the right decision and was able to exceed my financial objectives for Sentry Group.

Your advertising brochure was detailed and attractive for potential buyers, and you attracted buyers from all over the United States. The preparatory work before the auction, the auction itself and equipment removal and cleanup of the plant after the auction were all performed professionally and efficiently. Very important too was that the transfer of funds went exactly as promised.

In summary, i am confident that Sentry Group realized top dollar for the machinery and equipment you sold. Excellent job!! Should anyone wish to call me regarding a recommendation, please feel free to give them my telephone number.

--- Raymond F. Platt
Manufacturing Manager

December 21, 1999

Braswell Services Group, Inc.

Dear Gerry:

Just a note of thanks for the outstanding job you and your staff did for us in Brunswick on November 30th. It pays to have true "professionals" on board when faced with a situation like ours. I was really impressed with the number of quality buyers you attracted to a location off the beaten path. The brochure, the set-up, the registration, the auction, the collection of proceeds -- everything, was super with your staff handling it all. Please pass on our congratulations to Mike, Jeff, Lance, and Kim for a job well done.

If we ever need another auction, you'll be the first call we make.

--- Thomas R. Feagin
Chief Financial Officer

October 27, 1999

Ran-Paige Company, Inc.

Dear Gerry:

Just a short note to let you know how pleased I was with you and your organization's work on our behalf in running the auction at our North Carolina facility. The attention to detail and the projection of revenue was "right on."

I enjoyed working with your personnel and they are truly professional in every aspect of their jobs.

Should the occasion ever arise again, I certainly would not hesitate to call on Asset Sales to run the auction.

--- Jay Brodsky
President

October 20, 1999

LS Technologies, Inc.

Given the sensitivity and complexity of an event such as an equipment auction, we would like to extend our sincere appreciation for the efficient, professional manner in which the staff of Asset Sales, Inc. handled it for our company. From initial contact to completion, the event was well orchestrated with minimal disruption to our daily business functions, and the staff was always friendly and very helpful. In addition, we were all impressed with Lance's auctioneer abilities to get the most from the bid participants, thus giving us a pleasing monetary outcome.

I, therefore, would not hesitate to recommend Assets Sales to any company who is considering an auction sale and would enlist their services again if the need should ever arise.

--- Brendan Leather
President

August 23, 1999

Advanced Manufacturing and Development, Inc.

Thanks for doing such a great job for our equipment auction. Asset Sales took very good care of us, from initial discussions through the removal of the last piece of equipment. And you were easy to work with through the typical changes that we encountered between the beginning and the end.

Your experience, contacts, and up-front work certainly succeeded in getting us top dollar for the equipment we sold. Lance did a great job on the day of the auction. He was fun to watch, and got top dollar from the bidders. We were very pleased when you delivered 15% more total dollars than we anticipated.

I heartily recommend Asset Sales to anyone who is considering an Equipment sale. We would certainly use your services again.

--- John R. Hammett
President & CEO

April 5, 1999

Crown Simplimatic

I want to congratulate you and your organization on a well-run auction conducted for us at our Baltimore plant.

Picking an Auction Company is difficult because it is based more on the ability to get the proper audience then any forecasted numbers. Mike Zajac and his crew professionally prepared the auction, working with our union during this preparation and did a thorough job after the sale protecting the facility and assets. The day of the auction with Lance on the stand went without a hitch.

We are very happy with our decision to use Asset Sales Inc. especially when the auction's receipts came in at the higher end of our estimates. We hope not to require another auction any time soon, however we would not hesitate to use your company again.

--- Robert Schmidt
Vice President, North American Operations