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Auction of Government-seized 1994 Lamborghini Diablo VT

11 September 2000

Bid4Assets.com to Auction Government-seized 1994 Lamborghini Diablo VT

             Internet Auction Company to Sell Luxury Car Obtained
                         In US Marshals Drug Seizure

    SILVER SPRING, Md., Sept. 8 Bid4Assets.com, announced that it has been exclusively commissioned to auction a red 1994
Lamborghini Diablo VT that was seized by the DEA in a criminal drug case.  The
car was purchased with proceeds from a drug sale.  The US Marshals Service is
serving as custodian and manager of the sale on behalf of the Department of
Justice.  Bid4Assets.com has conducted more than a dozen successful asset
sales for the US Marshals Service, and in June, the company was awarded a
long-term contract to conduct asset sales for the agency.
    Bid4Assets.com, which has listed more than $1 billion of assets for
auction in the last six months, is the leading Internet auction marketplace
for high-value, distressed assets in four categories: financial instruments,
real estate, intangible property and personal property.  The company's secure,
online trading solution creates a single, full-service marketplace giving
sellers of distressed assets immediate access to a global pool of qualified
buyers.  Similarly, buyers of distressed assets simplify the acquisition
process by gaining access to a centralized marketplace and by conducting
transactions online, saving hours and money formerly spent at public outcry
auctions.  According to multiple sources, distressed assets in the categories
offered by Bid4Assets.com exceeded $250 billion in 1999.
    The online auction begins September 25th and closes September 28th at 3 pm
EST.  The vehicle is located in San Diego, California and has an odometer
reading of approximately 15,000 kilometers, or 9,321 miles.  Bidding begins at
$70,000.  Photographs and other due diligence are available online at
http://www.bid4assets.com.  "The vehicle is available for inspection and interested
buyers can schedule a time to view the vehicle through Bid4Assets.com by
sending an email to service@bid4assets.com.
    "By liquidating seized, surplus and non-performing assets through
Bid4Assets.com, federal, state and local government agencies get the
convenience of an end-to-end solution.  We can manage everything from pre-sale
to post-sale," said Tom Kohn, CEO of Bid4Assets.com.  "We were awarded a
long-term contract to sell assets for the US Marshals Service, because we have
been able to increase return and slash the time to sale.  Ultimately, the
beneficiary is the U.S. taxpayer."