Ableauctions – 4 Day Heavy Machine Auction Sets Record for JM Wood Auction House – Internet Sales of Over $4.5 Million and Number of Registered Bidders Exceeding 2200

. March 19, 2007 (AMEX:AAC) announced today that JM Wood’s March 7 to March 10, 2007 four day sale, two of which were broadcast through, realized their highest Internet sales to date for JM Wood. Internet sales totaled over $4.5 million and over 2200 users registered from around the world to bid on the 2000 machines that were on the auction block.

This auction was the largest event held by both JM Wood and NAALive, proving their partnership to be a great success. Highlights of the auction included the following Internet sales:

Cat D6R XL Crawler Tractor – $130,000.00

Cat D6R XW Crawler Tractor – $127,500.00

Cat 330CL Hydraulic Excavator – $120,000.00

Cat IT38G Integrated Tool Carrier Quick Couplar – $117,500.00

“The Internet sales were up nearly 50% from last year,” said Russ Wood. “We sold nearly 5 million dollars over the Internet in the first 2 days of the 4 day auction, and the internet buyers came in second countless times. J.M. Wood’s live Internet service is a valuable tool for the contractor who just can’t make it to the auction in person. Most of our Internet buyers like the idea that all of the equipment is in one location and we can give them inspections and arrange transportation from the auction yard.”

JM Wood Auction Company Inc. has been in business, specializing in construction, forestry and county surplus auctions, for 34 years and attributes their accomplishments to their advertising and professional staff. Teamed with a staff that holds years of experience, J.M. Wood has built a mailing list of 75,000 national and international prospective buyers and advertises in national publications such as: Rock & Dirt, Rock & Dirt En Espanol, Machinery Trader, Equipment Trader and Contractors Hotline. Through these marketing tools J.M. Wood expects continued success at their two locations in Montgomery, Alabama, and Columbia, South Carolina.

About NAALive

NAALive is an Internet-based broadcast service for NAA members who conduct real auctions. Utilizing NAALive’s real-time software, auction houses broadcast over the Internet and online bidders participate in live auctions as if they were physically present at the auction. NAALive also enables bidders to review auction catalogs and place absentee bids prior to an event. NAALive is rapidly becoming the standard for live Internet auctions and the premiere Web site for consumer access to the auction industry. This means thousands more potential bidders for your auctions.

About Inc. (AMEX “aac”) is a high-tech liquidator and on-line auction facilitator that operates the domains, and Unlimited

As an on-line auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet ( and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

Category: Auction News

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