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Ritchie Bros. Orlando auction to sell 30 concrete pump trucks and other late model equipment items

Posted on: Wednesday, 20 May 2009, 07:00 CDT

ORLANDO, FL, May 20 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, is conducting a three-day, multi-million dollar unreserved public auction at the Company's permanent auction site in Orlando, Florida, from Wednesday, May 27, 2009 to Friday, May 29, 2009 starting at 8:00 a.m. each day. More than 2,650 construction, transportation and other equipment items, including 30 concrete pump trucks and other concrete pumping equipment, will be sold during the unreserved auction to the highest bidders with no minimum bids or reserve prices.

The 30 concrete pump trucks and concrete pumping equipment will be sold on Day 2 (May 28) of the auction as part of a complete dispersal of the former assets of Pumpco Inc., a concrete pumping service company that had operations throughout the Southeastern United States and the Orlando area. The majority of the concrete pumps are mounted on a Mack chassis and manufactured by Putzmeister, Schwing and Concord-three of the largest and most recognized concrete pump manufacturers in the world. Pumpco representatives will be on-site in the yard a week prior to auction day to provide concrete pump truck demonstrations to interested bidders.

"The equipment being featured in the sale, including the 30 concrete pump trucks and other late model items, is unlike anything we've ever had at a spring Orlando auction before," says Gary Seybold, Divisional Manager, Ritchie Bros. Auctioneers. "All the concrete pump trucks and many of the late model equipment items being sold have low hours and are in very good condition-the auction will be a fantastic opportunity for interested buyers to purchase some exceptional equipment at fair market value."

The unreserved auction will also feature an extensive selection of industrial equipment from close to 200 owners including Ring Power Corporation, Kelly Tractor, Briggs Equipment, Gigliotti Contracting, Graham Bros., Highland Tractor and United Rentals. The equipment being sold at the auction includes: 150 forklifts, 115 wheel loaders, 100 hydraulic excavators, 90 crawler tractors, 90 articulated dump trucks, 60 motor graders, 60 loader backhoes, 25 motor scrapers, and 15 agricultural tractors. All transportation items including more than 80 pickup trucks and 80 recreational vehicles, plus other consumer items, will be sold on Day 3 (May 29). Items will continue to be added to the sale, right through to auction day.

Auction Details --------------- - Location: Corner of I-4 & US Hwy 27(700 Ritchie Road) in Davenport, FL 33897 - Sale Site Tel: +1.863.420.9919 - Time and date: Wednesday, May 27, 2009 to Friday, May 29, 2009 starting at 8:00 a.m. each day - Open to the public; registration to bid is free - Interested buyers can register to bid in person or over the internet days before the auction. Visit the auction site to register to bid in person; photo I.D. is required. Customers can inspect equipment during regular business hours leading up to the auction. Concrete pump truck demonstrations will be held in the auction yard every day starting on May 20, 2009 through to auction day. - Internet bidders must register online before auction day at www.rbauction.com; at least 2-3 business days is strongly recommended for first-time internet bidders - Equipment details, including photos of equipment and the concrete pump trucks, are available on the Ritchie Bros. web site: www.rbauction,com

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 38 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

SOURCE Ritchie Bros. Auctioneers

Source: PR Newswire

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