Seized Rolls, Bentley To Be Auctioned

SILVER SPRING, Md., Oct. 16 -- Bid4Assets, Inc., a leading full-service asset disposition and advisory services company, today announced that it will auction two luxury automobiles seized by the U.S. Marshals Service. The Bentley and Rolls Royce were seized in a criminal fraud case. The online auctions will be held Oct. 24 - 31 on the Bid4Assets Web site, http://www.bid4assets.com. Bid4Assets has been conducting asset sales for the U.S. Marshals Service since December 1999, and has sold assets such as commercial properties in Detroit, a 1994 Lamborghini Diablo and 30 acres of land in Hawaii. The vehicles are located in Philadelphia, Pa. The 1980 Rolls Royce Silver Wraith II has an odometer reading of 49,374 miles. Bidding starts at $16,100. The 1950 Bentley has an odometer reading of 28,893. Bidding starts at $12,600. Photos, specs and other due diligence information is available online at http://www.bid4assets.com. Interested buyers can contact Bid4Assets with any questions or to schedule an inspection by sending an email to service@bid4assets.com. The cars were seized from Klaus Reinke in a criminal fraud case. Reinke was convicted in February 2000 of fraud, money laundering and bribery in connection with embezzling from two Delaware County, Penn. Potamkin auto dealerships. "We are pleased to continue to work with the Marshals Service to sell their high value assets more quickly and efficiently online," said Bid4Assets President Jim Russell. "Photos, specifications and more are online. Luxury car enthusiasts can find all of the information they need to make a purchasing decision online."

About Bid4Assets, Inc. Bid4Assets, Inc. (http://www.bid4assets.com) is a leading full-service asset disposition and advisory services company. Bid4Assets helps clients maximize asset recovery by providing a customized sales solution tailored to each client's needs. The company provides both online and traditional on-location auctions and offers a full range of advisory services such as appraisal, valuation, inventory, audit, shipping, logistics, marketing and settlement. Bid4Assets has three practice groups: Public Sector and Government, Restructuring and Bankruptcy, and Commercial and Industrial Sales. The company is headquartered in Silver Spring, Md. phone (301) 650-9193, fax (301) 650-9194.