What Our Customers Are Saying

HyPro Incorporated

Dear Lance,

On behalf of HyPro Incorporated, I would like to personally thank you and the entire Asset Sales team for their services. HyPro was in the middle of a restructuring initiative that included disposition of underutilized assets in six different manufacturing sites located in Wisconsin, Iowa and Oklahoma.

When it was time for the actual sale, the country was square in the middle of the COVID-19 pandemic. After some lengthy discussions where your expertise and understanding of the market really paid off, we decided to go ahead with the sale anyway. The Asset Sales team performed the set-up, marketing, sale and check-out flawless and safe. This was no small task and the added dimension of the pandemic did not help.

The results of the auction exceeded my expectations and I attribute that to you and your entire Asset Sales team. In closing, I would highly recommend Asset Sales, Inc. to anyone in need of liquidation services.

- Mark Schildt


Machine Masters Inc.


On behalf of Machine Masters, Inc., I would like to personally thank you and the entire Asset Sales, Inc. team for their services. Due to my retirement after 39 years in the machining business, I needed to sell everything in the machine shop.

You and your team came in and organized, photographed and cataloged in detail everything that was for sale. The organization of the shop as well as the website was in a manner optimal for previewing of the equipment by potential buyers.

The results of the auction exceeded my expectations. I attribute that to you and your entire team. You did everything you said you would do plus. In closing I would highly recommend Asset Sales, Inc. to anyone in need of liquidation services.

- Melvin Strunk


Versa Tech


Working with Asset Sales to liquidate the equipment from the Versa Tech operations has been a pleasure.

The Versa Tech site had been sold by the time I had you quote, so we had a tight timeline to get out of the building. You gave me a strong quote and assured me that the timing to set up, conduct and auction and move out the equipment could be achieved within the six-week period before the looming Christmas Holiday.

Once the business transaction was complete your team took charge of the project with minimal requirement from Versa Tech. The Asset Sales team set up displays, created marketing materials and conducted the auction. The day after the auction, you had people on site already moving out all the sold equipment. In about 10 days, your team managed the sales transactions and rigging, emptying out the building of everything that was sold. Communication during the entire project was excellent and everyone on the Asset Sales team kept me informed as progress was made.

Liquidating a manufacturing operation was new to me. When i get into a new business venture, I look for a partner that can

educate me on the process and a partner that can convince me they have the resources to get the job done and are able to handle the setbacks that always seem to arise. Asset Sales delivered on my high expectations. I will definitely be keeping Asset Sales on my short list of preferred business partners, and i highly recommend Asset Sales as a Can-Do business partner.

Thanks for the excellent job getting Versa Tech top returns and quick turnaround on this project.

- John Accomando

Plant Manager

Versa Tech / Mid-West Forge


The purpose of this letter is to provide a strong recommendation for the services provided by Asset Sales, Inc.

We are pleased to recommend Asset Sales, Inc., as one of the best auction service providers for machinery and equipment in the market place. Out business relied on the expertise Asset Sales, Inc. provided to get our additional asset as sold to the best markets available. Therefore, we find Asset Sales, Inc. as one the the best online auction service providers in our immediate market area.

In addition to the quality of their service that they provided, their fee structure was extremely competitive with other companies doing business in the same field.

We are confident that Asset Sales, Inc. will work smoothly with your team at your next machinery and equipment auction as well.

- Clyde Billips


Select Stainless Products, LLC

Dear Lance,

I wanted to extend our sincere appreciation for the fantastic job Asset Sales did in liquidating our assets in the onsite auction of July 12, 2018. Your performance and that of your team excelled from the day we met through to the conclusion of the process. I was initially impressed by the myriad of options you presented to us on liquidating our assets. You truly had a solution for every risk level so that the customer could choose the option that best suited their conform level for risk and reward.

Once the contracts were signed your team provided clear communication of the process and your onsite auction manager worked diligently to clean prep and organize all of the items for auction. Problems and issues that inevitably occur were handled in an efficient and professional manner. The day of the auction was amazing to watch as your team all knew their assigned roles and handled them effectively and seamlessly.

At the conclusion of the auction your administrative staff provided clear documentation regarding the disposition of each lot as well as proper accounting for each consignor in the auction. They were accommodating in breaking the information down into a format that would work for our accounting department and an extremely pleasant staff to work with.

Overall the auction of our physical assets exceeded all of our goals and expectations.

Please extend our appreciation to your entire staff.

- Richard Murphy

Facilities Engineer

Reliance Tool & Manufacturing Co.

To Whom It May Concern:

We would like to take this opportunity to recommend the services of Asset Sales Inc. and Mr. Lance Mannion.

Asset Sales has recently completed the auction of our surplus assets. We were more than satisfied with Lance's communication throughout the process and attention to details. All services were provided promptly and professionally.

I would unhesitatingly recommend Mr. Lance Mannion, Asset Sales team and their services to anyone regardless of size and complexity of any undertaking.


- Paul Knowlton


Plano Machine & Instrument Inc.

To whom it may concern:

Asset Sales conducted two auctions for Plano Machine in 2016 and were extremely ethical & professional. I found Lance Mannion and his employees to be very helpful and of high integrity. Asset Sales was totally honest and performed above expectations. We would use them again, and would highly recommend to anyone in need of their services.


- Joe O’Dell

McCoy Global Inc.

Dear Lance Mannion:

I want to provide a letter of recommendation with regards to your teams efforts in conducting an equipment auction for our company in Broussard, Louisiana in September 2016.

Asset Sales Inc. certainly met our high expectations. You delivered on all aspects of the arrangement that we had agreed to. Your team was extremely organized, efficient and professional, which all contributed to a successful auction. Further, your team was a pleasure to deal with and brought a pragmatic approach to doing business.

I would recommend Asset Sales Inc. to any company in need of your services. If a future need for your services is required, we will be sure to contact you.


- Jacob Coonan

Senior Vice President & Chief Financial Officer McCoy Global Inc.

PreTech Instruments Inc.

To Whom It May Concern:

I wanted to personally thank Mr..Lance Mannion and his team at ASSET SALES, INC for their assistance with our liquidation sale. They were very courteous, professional and exceeded our expectations.

From the onset, they were very well organized and walked us through the process. The brochures that were created looked great and they did a great job of bringing in a good crowd. Having such a crowd lead to better than expected returns during the auction. Even after the auction, they did an excellent job of helping clean up and move equipment.

No business owner wants to go through a liquidation sale, but going through it with ASSET SALES, INC. made it much easier. Thanks again for your assistance and God bless you and your team.


- Bach Nguyen


The Hicksville Bank

A big thank you to Asset Sales, Inc.

As a small bank serving small rural communities located in Northwest Ohio and Northeast Indiana, the Bank had limited experience and resources to manage the liquidation of manufacturing equipment.

Asset Sales, Inc. (ASI) was recommended by a local business owner who had dealt with the ASI in the past.

The Banks experience with AS! was very positive. ASl's President took the time to fly to Ohio/Indiana from North Carolina to assess the manufacturing equipment. Based on his knowledge, ASI was able to provide the Bank a sales target that he thought the auction would bring. AS/ delivered their proposal in a well laid out plan of engagement that was easy to read and provided a menu of sales methodologies the Bank could chose from to best manage our risk tolerance.

ASI was able to provide an upbeat outlook on the sale prospects of several CNC Machines, Robodrills and other machinery used to manufacture parts related to the metal and plastics industries. The personnel that set up and executed the auction were personable and professional. The atmosphere at the auction site was bidder friendly with ASI providing an excellent system of communication to both on site and online participants. Ifeel the system used to run the auction allowed for a smooth auction process that surely maximized the end sales results. ASI also provided a welcoming atmosphere for the participants providing snacks and beverages for the attendees.

ASl's staff produced a Summary report that was detailed and accurate itemizing the total funds taken in and what was due to the bank grven the terms of the contract. Most importantly the funds were delivered to the bank in a timely manner.

A great team to work with!!

- Bruce Fackler

Vice President

Kanawha Manufacturing Company

To Whom It May Concern,

Kanawha Manufacturing Company interviewed four National Auction Companies to handle the sale of machinery and equipment. We chose Asset Sales after researching the company’s ability to satisfy not only the monetary requirement but also the personal attention to detail and organization of the sale. The employees they provided to accomplish getting the equipment and machinery ready for sale were both professional and personable. When the day of the sale arrived, the number of people that showed up was right on target to what was promised by Asset Sales. The sale started a 9:00 in the morning and ended around 7:00 that evening. Several clients that attended the sale stated that they had been to numerous sales throughout the country and commented that Asset Sales was by far, the best organized event that they had attended. Kanawha Manufacturing Company was very pleased with the outcome and we exceeded the guaranteed amount by 35 percent. We highly recommend Asset Sales and will use them again in the future if needed.

- Richard R. Heath




We enjoyed working with your Auction Company as well. Jeff Kerlick was very helpful and set up for a very professional auction the way he laid it out. The day of the auction there was no worries to handle, the Auctioneers were all very professional and great to work with. If we ever have to perform another auction, I would highly recommend Asset Sales, Inc.

- Douglas Shroeder

Customer Support Specialist


Dear Lance,

Now that the “smoke has cleared” I wanted to let you know how pleased with the way you and the rest of the team at Asset Sales conducted the auction for Conroll when we decided to cease operations. Fortunately, this is the first time I’ve been involved in liquidation and did not have much time to focus on the auction as my priority was arranging an orderly transition for my employees and customers.

Although our auction was relatively small, you took the time to personally come down to help us get organized well in advance of the auction and working with me as we had to change the date to meet some final customer requirements. Your staff was truly professional and provided the “turn key”job that you promised up to and including sweeping out the building once everything was gone.

Although I was concerned about the online bidding process, ultimately I was pleased with the auction proceeds which surpasses your ballpark estimate. Closing Conroll was and emotional process and your team helped make it easier for me. Please feel free to use me as a reference in the future.

Thanks again.

- Steve Agnoff

President: Conroll

Metrolina Steel Inc.


Just wanted to drop you a note and thank you guys for the great work on the auction we had for the continued operation of Metrolina Steel Inc. We really appreciated all the care and work that went into making the auction successful and allowing Metrolina to move forward with its operations.

John and I really enjoyed working with you guys and all your staff was very helpful in getting everything accomplished while not interfering with our day to day operations. The entire process was smooth from start to finish and handled with the upmost professionalism.

Please feel free to have anyone contact us and wish you all the best in the coming year. Thanks again and if the need arises in the future I will not hesitate to give you a call.

- David Hurt

Metrolina Steel Incorporated

G&T Conveyor Company


Thank you very much for being such a great business partner. When we decided to consolidate our manufacturing plants and close the one in Florida, your team responded in a very positive and professional manner. We rigidly screened your company and all others that expressed interest in our asset liquidation. It was a no-brainer to select Asset Sales, Inc. and we did that for many reasons.

Never once were we disappointed. Please thank everybody for a job well done from start to finish. Our senior management team would be grateful if you would provide special recognition to your Field Supervisor who made everything happen on site-Mr. Mark Draper. He immediately fit in extremely well with my team. Mark is very impressive, knowledgeable, courteous and efficient. His oversight ensured that we had no injuries on site before, during or after the auction.

I would recommend Asset Sales to any company requiring your remarkable service. Best wishes in the future.

- Chuck Matthews, SPHR

Corporate Director, G&T Conveyor Company

The Goodyear Tire & Rubber Company


I just wanted to drop you a line to express my gratitude for a job well done. Disposing of the furnishings from our former headquarters buildings (2 million square feet) was quite a challenge. We weren’t sure if an auction sale would work until your team came to town.

Mike Stewart told us that office furnishings was not your usual undertaking but convinced us it could be done. Since we had two previous successful equipment sales with your company, we felt very comfortable moving forward. Next came Mike Noble and Justin Gunther. They began a five week crash process to get ready for the May 15 sale. Just under 2000 lots were established and all were sold.

But the real challenge came after the sale. Organizing the chaos involved with emptying out the buildings was something we never comprehended. Mike and Justin helped us initiate a process, and with their experience and knowledge, we got it done. And thank you so very much for allowing them to remain on site as long as you did. Much longer than normal but we needed them.

It was truly a great partnership with a great outcome. It would be my pleasure to share a positive experience with any of your future clients. Personally, I had my doubts that we could pull this off but actually ended up enjoying and learning from the entire experience.

With Best Personal Regards,

- Robert W. Slocum

Project Coordinator

VTL Precision


I am writing this letter to thank you and congratulate you on the success of our recent sale. The entire process was to schedule and without hiccups.

We competitively bid this project with multiple other asset liquidators and there simply was no comparison to the offer Asset Sales, Inc. put forward. Your asset sales options were broader, commitment to upfront money was greater, payment installments more frequent, and your guaranteed liquidation value was off the charts. Additionally, you were the only company offering a turnkey solution including preparing machines and post auction clean-up thereby freeing up my labor to make parts.

The auction itself was professionally conducted and executed in a timely manner. Machine removal took less than 1 week and final reconcilement and payment was prompt. Most importantly, the VTL assets were sold at or above the Asset Sales estimation and our banks third party appraisal.

Your initial proposals, execution of the auction and final liquidation value has shown me that Asset Sales, Inc. is keenly in tune with the used equipment market and will deliver!

I would, with pleasure, recommend Asset Sales, Inc. to anyone needing asset liquidation.

- Todd Zeliner

General Manager

VTL Precision (Charleston)

Glueckler Metal Inc.

Dear Gerald,

I would like to take this opportunity to thank you for the tremendous job by Asset Sales for the purchase and auction of our surplus equipment. Right from the beginning we felt you would be a strong partner in our project to rationalize our equipment and you delivered. Your group had the depth of experience and resources to handle any issues that needed to be dealt with and your on-site team worked professionally with us to prepare for the day. It was impressive to watch your team in action on auction day and it was clear that your processes are well refined and effective.

Thanks again and you can be assured if we need to move any more surplus equipment in the future, you will be our first call.

- Peter Anderson

Cornerstone Machining Inc.

Dear Lance,

We wanted to take this opportunity to thank you and Asset Sales, Inc. for the fine job you did at our recent auction. After 24 years, Cornerstone Machining, Inc. made the decision to shut our doors. It was a difficult decision to make and your company made the auction process very painless.

From the first day with your organization until the last item was shipped from our facility, everyone we had the pleasure of working with was courteous and professional. We would highly recommend your company to anyone who wishes to have a public auction.

Please feel free to use us as a reference or referral to potential clients. Thank you agina for the great job at our auction!

- Mike Coldwell


Irotas Manufacturing

Dear Gerry,

I wanted to take a few minutes to send you a quick note of THANKS (!) for a job somewhere beyond well done. You and team pulled off a ~$1 million equipment auction in 5 hours, after 60 days planning and the property is now empty less than 2 weeks beyond the auction. WOW!

You and I are both at the age where we know nothing happens without teamwork and taking responsibility. This entire endeavor showed exemplary teamwork and execution, from planning to auction to emptying the buildings, which were left in good shape afterwards. While the Asset Sales crew, Mike, Lance, Kim and yourself, were busy behind the scenes, I would be remiss in not specifically mentioning Mike Noble’s gallant efforts at managing the process before, during and after the auction. Frankly, it was like herding cats! Better yet, I am left with a building infinitely more presentable than when we started.

Lastly, I must say how refreshing it is to do business with people who do what they say they will do. No outs, no errors, no one left on base. To borrow a cliché’, your people “Just Do It”. That’s how it happened and the outcome was delightful!

- David Aikens

VP Farmers Capital Bank Corp.

Carly Railcar Components

Mr. Mannion,

I wanted to write and let you know how impressed we were with the professionalism and courtesy your company showed us through the entire auction process. We had never held an auction before and were anxious of how the process worked. Your associate, Michael Noble, explained and detailed out the entire process. We were given a good understanding of what to expect and when. And during the entire event, your company performed and completed all of the details that you stated you would. For this being our first auction, we were extremely satisfied with how everything turned out. We will certainly call on you again if the need should arise; and will certainly refer you to colleagues that might require your services.

- Larry Carly



Dear Gerry & Lance,

Thank you very much for helping to make our recent auction such a tremendous success. I was greatly satisfied with both the final results and with how smoothly everything went before, during and after the auction.

Our experience with everyone associated with Asset Sales was very positive and I would certainly recommend your organization to anyone in need of an equipment appraiser, liquidator and auctioneer.

- David Doran


Linear Corporation

Mr. Mannion,

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

Asset Sales actually performed as promised. Jeff, your field supervisor, managed the pre-auction clean up and organized the machinery for auction with skills only gained by a vast amount of knowledge and experience. He paid attention to every detail and impressed me by managing the removal of all equipment expediently and without incident, including the final cleaning of the building.

I reviewed several companies to handle this project and am confident I selected the right one. I would not hesitate to recommend or use Asset Sales again.

- Steve Large

Facilities Manager

Central City Tool Supply

Mr. Mannion,

I wanted to drop a quick note to tell you how impressed I was with the West Coast Saws Auction. I have been to approximately a dozen auctions in the past couple of years and have never been treated better by the staff. The typical auctioneer is rude, overbearing and bitter. Your auctioneer was pleasant the entire day and when things got a little difficult or confusing for him, he apologized and quickly got things back on tract, very nice to see. On the negative side, I drove 20 hours each way only to get beat out on many auction items. The auctioneer was so skilled that he drove the prices through the roof. Not exactly the type of auction a buyer likes to go to, but certainly the seller should be very happy. That is not meant to be a negative, simply a compliment to his skills. I was also impressed with the office ladies. They were very pleasant throughout the day, even at check out when things get nightmarish. They handled the rush with grace and should be applauded. All in all it was not a great auction for me, but I will be sure to watch your auctions and attend as soon as I can.

- Mike Steinfelt

Central City Tool Supply

J & A Manufacturing


I would like to thank you and your staff for the wonderful job you did on our auction last month. I have been to many auction sales over the years, but this was my first time on the selling side, and I must admit I went into this process with more than a little skepticism. I chose Asset Sales after meeting with a number of auction companies, and as it turns out, I made the right decision. From our initial meeting until I received my final check, you and your staff were knowledgeable, organized, and professional. Asset Sales more than exceeded my expectations and I would not hesitate to recommend your company’s services. I look forward to working with you again.

- Jeff Johnson


John D. Hollingsworth on Wheels, Inc.

Dear Mr. Mannion,

I would like to take this opportunity to express my sincere thanks to you and your company for a job well done. Your recommendation to ahead with the auction sale, sooner rather than later, has proven to be wise counsel.

It has been a pleasure getting to know you and the dedicated people you have surrounded yourself with in your company. Mark and Julie Draper, Justin Gunther, Mike Stewart, and Kim Harris have all become welcome friends at our location. I can tell you are quite proud of your sons, Lance and Mark, being in the business with you. Lance is a very talented auctioneer.

The diligence and dedication demonstrated by your people and our people here at the plant made a very impressive team. The outstanding success of the auction is a direct result of the hard work and extra effort put forth by all involved.

Our experience with you and your company has been excellent. You responded favorably to every detail we agreed upon. I would not hesitate to recommend you and your company to handle an auction at any level.

I wish for you and your company the very best in the future.

- William E. Henderson


Bank of Bolivar

Dear Lance,

I wanted to follow-up on the sale you conducted for us and thank you for everything that you and your organization and you did to make the auction so successful. We were extremely pleased with the final outcome and how smoothly everything flowed from our initial meeting with you, to receiving the final check. I want to make a few additional comments that impressed us about your organization.

We appreciate your prompt response to our initial contact and the organized manned you scheduled the auction. The monetary result of the auction was better than expected which is always a plus. You and your people are very knowledgeable about the equipment you deal with, which is very helpful in planning the best route for disposing of the equipment in a liquidation situation. No matter what your competitors or any other auction companies may say, having access to buyers via the internet is very crucial. In our case, the sale was conducted in a small town and the local buyers were all there for the bargains. When the initial machines sold for a very good price via the internet, it made them aware that if they wanted a piece of equipment, they were going to have to sharpen their pencil. Lastly, everything you said you would do was done.

For those reasons, we would use your services again. That speaks of the respect we have for your company and you. Thanks again for everything.

- Brad Gregory


RBC Bank

Dear Peter,

On behalf of RBC Bank, I would like to personally thank you for your assistance with the auction your company handled for our bank in November 2009. Asset Sales, Inc. exceeded our expectations and we were more than impressed with your overall professionalism from the first day the bank established contact with you.

Furthermore, the auction set up was outstanding and the auction itself went smoothly without any hold ups. The brochure you provided at the auction was very helpful and every item was tagged and placed in bins so that we could easily follow along from the printed list you provided all bidders. Also, a huge thank you for the broom swept condition you left the building in after all the equipment was removed from the site!

If the situation arises again, your company will be the first on our list to call to facilitate another auction for RBC Bank.

- Steve DeLuca

Asset Resolution Group, OREO Portfolio Manager

Clean Burn Energy Systems

Dear Gerry,

I hope this finds you well.

Mike Castor, Ryan Gamber, and other Clean Burn colleagues have provided very favorable feedback regarding how you and your organization managed and conducted our auction on June 2, 2009.

Thank you for the exceptional level of professionalism shown to my colleagues and me by your company.

It’s been a real pleasure working with each of your team members including Lance, Kim Harris and Mike Noble!

Thank you very much.

- Larry J. Nissley, C.P.M.

Director of Supply Chain Management

Robert Bosch Tool Company

Dear Mr. Mannion,

I am writing to express my appreciation for the outstanding job you and your team did in handling the auction of the Robert Bosch Tool facility’s equipment.

When Bosch announced that this facility was closing, I was given the responsibility of ensuring that all of the equipment was cleaned to meet environmental and safety standards before it was sold. I wasn’t looking forward to this task. But, as soon as Mark and Julie (along with the assistance of Jeff) arrived on-site, they jumped in and took over the cleaning duties. I was amazing at how quickly they had this facility organized, cleaned and ready for auction. This made my job much easier. Not only did Mark and Julie to a great job, but they also became our friends. This is hard to find in today’s world of business. Also, on the day of the sale, I couldn’t believe the number of buyers that attended. That just shows your commitment to making this sale a great success.  Bosch made the right decision in contracting Asses Sales to handle its sale.

Again, thanks for a job well done. I would highly recommend Asset Sales to anyone.

- Wade Roberson

Environmental and Safety Coordinator

Navis Global

Dear Lance,

The last truck has rolled away, and the flurry of activity surrounding our recent equipment auction at Navis Global has subsided. Looking back over the complete process, I wanted to let you know how please I am with the service and results we received by having Asset Sales handle our equipment auction.

This was a new experience for our company, but Asset Sales led us through every step. Jeff Kerlick and his team took care of everything, from cleaning the equipment, organizing the lots, and most importantly, identifying items that could bring value in the sale, many of which we may have overlooked. Since this was only a partial liquidation of an ongoing business, we had to “co-exist” between preparing for the auction and still running our manufacturing operation. I felt this was done successfully.

On the day of the sale, I was very pleased with the number of bidders, both in person and online. Given the current state of the economy, this was a concern of ours, but Asset Sale had done a superb job of marketing the sale and bringing in qualified buyers. In the end, we were very pleased with the results of the sale and the overall prices paid.

Lance – I would be happy to recommend Asset Sales to anyone looking for the best way to liquidate surplus equipment.

- R. Craige Murray

Vice President - Operations

Cado, Inc.

To Gerald and Lance Mannion

Cado would like to thank Asset Sales for a well-done professional job of liquidating our equipment. It was handled in a professional business-like manner. Mark and Julie Draper organized everything and the auction went just as everyone at Asset Sales had predicted. The clean up and move out was handled in an orderly and professional-like manner by Mike Noble and Justin, and we are pleased to have chosen Asset Sales for our sale. We would not hesitate to recommend Asset Sales to anyone looking for professional people who can make it happen on time as promised.

Thanks for the professionalism.

- Rick Cayer


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

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.

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

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


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


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


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.

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.


- Jim R. Jones

Property Manager

RJ Reynolds

- Harry Hicks

Senior Principle Engineer

RJ Reynolds

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


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

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.


- Michael P. Pomaranski


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.


- Wayne Uhl

Director of Operations

DT Industries, Inc.

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

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

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

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.


- Ron Douglas

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

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


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.

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

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

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

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


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

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

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

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


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


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

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

Rexnord Corporation

Just wanted to let you and your crew know how pleased Rexnord is with the auction sale that Asset Sales, Inc. hosted last June. The crowd was energetic and the sale went better than any of us could imagine. It was a joy and a pleasure to work with your company.

The closing of that facility became much easier when we struck a deal with you. Throughout the whole process, you proved to be very professional handling all details that arose. Your setup staff did an excellent job of organizing and setting up the sale. Lance was tremendous on the stand and is a fine auctioneer.

Thank you for a job well done. We will definitely call you when we need an auctioneer again.

- J. Allen Chamberlain

Gibbs Machine Co. INC

Now that the auction sale at Atlantic Coast is over, I wanted to send you this letter of appreciation to commend you and your staff on a job well done. From the beginning, Asset Sales proved to be very capable and highly professional. Everyone was friendly and willing to help with whatever questions or concerns I had.

I was particularly impressed with how smoothly the inspection and auction went. With added difficulty of the two locations fifteen miles apart, it was no problem for you to host a successful auction sale. Your setup staff was also skilled in arranging an effective flow.

Thank you for all your hard work. It really paid off. If I ever need your services again, I won't hesitate to call. Good luck with all your future endeavors.

- Allen Gibbs


Sherrill Industries, Inc.

We at Sherrill Industries, Inc. acquired the services of Asset Sales, Inc. to auction off approximately 30 pieces of machinery and tooling on September 17, 1997.

We found them to be a hard working group to get the best results. We also found Asset Sales, Inc. to be a reputable company, doing business in a professional manner.

Doing business with Gerald, Jeff, and Lance was a pleasure. We would recommend their expertise in any phase of their business.

- Albert J. Wyatt

Plant Superintendent

GE Capital

Our successful joint venture Monarch Engine Lathe Project is history. The undertaking of an auction the size of the Monarch Engine Lathe Company was monumental, as well as a highly sensitive event.

I want to thank you and your staff at Asset Sales, Inc. for the professionalism, expertise and quality of service that you all rendered to help ensure the success of an auction of this magnitude.

Preparation of this auction was extremely well orchestrated with no interruption of the ongoing manufacturing and shipping activities of the Monarch Engine Lathe Company. Your plant setup people did an excellent job of preparing the equipment for auction under difficult conditions. Everyone was pleased with the expeditious removal of sold assets without any problems.

As manager for GE Capital Manufacturing Equipment Services, I found Asset Sales, Inc. to be experienced, highly accomplished and adaptable to an ever changing business environment.

Gerry, thank you again. We look forward to working with you on another joint venture in the very near future.

- Terry D. Suppers


Bradford Supply Company

Just a note to congratulate you and Asset Sales, Inc. on an exceptional sale. Your work and the work of the other employees made this a great sale. Everything went real smooth and all of your organization should be commended for a job well done.

- Charles Miller

Branch Manager

Tell City Chair Company

Congratulations on the announcement of the formation of your new company, Asset Sales, Inc. I wish you all the best and am confident that you will be exceedingly successful with your experience and knowledge of the industry.

Please accept my appreciation and that of the directors of the Tell City Chair Company for the work that you did in assisting us in liquidating the machinery at Tell City Chair Company. You were particularly helpful in structuring the transaction to meet our needs and provide the various requirements necessary in advancing the transaction through the bankruptcy court. Through your efforts we were able to properly dispose of the assets and satisfy the requirements of both the court and those of our creditors and shareholders.

Best of luck as you move forward in your endeavor.

- Douglas M. Fenn


Monarch Lathes, L.P.

Liquidation of assets of a company such as Monarch Sidney Lathe Company, which employed hundreds of people, is a tremendous undertaking. However, I would like to take this opportunity to state that Asset Sales, Inc. exhibited and provided compassion, professionalism, guidance and quality service, which was greatly appreciated.

Preparation for this multi-day event was orchestrated extremely well with no interruption of on-going manufacturing and shipping activities. The auction itself was very well planned and executed and we were extremely pleased with the quick removal of the sold assets. Mike Zajac and his crew did a wonderful job of setting the plant up for auction and allowing us to continue operating.

As President of Monarch Lathes, L.P., I found Asset Sales, Inc. to be professional, experienced, and very pleasant to work with. Therefor, it is without hesitation that I highly recommend Asset Sales to any company requiring the services of auctioneers, liquidators or appraisers.

- James Gilgenbach

President and General Manager

US Furniture Industries

Just a short note to thank you for the outstanding job you and your staff did in helping us liquidate our equipment once we made the decision to discontinue operations at our laminating table plant. It is hard to believe that it was less than six weeks from the time we first met to the conclusion of our sale.

My initial concern when we decided to shutdown operations was that I did not look forward to an auction of our equipment and the anxiety associated with how much we would realize from the sale. You eliminated that fear by offering payment up front, and at a rate which was very fair by standards I established through our estimates. You took the risk.

Although I hope we won't decide to completely discontinue any other operations in the future, I know I will look to your organization for all my future requirements in this area.

Gerry, don't hesitate to use me as a reference. Best of luck in the future.

- G. Davis Beaston

Chief Executive Officer