Press Release
May 9, 2001
SILVER SPRING, MD -- Bid4Assets, a leading full-service asset disposition and advisory services company, yesterday
announced that it will auction 33 tax-defaulted properties and timeshares for San Diego County, Calif. on its Web
site www.bid4assets.com. The auctions will be held from May 22 - 24, 2001. Bid4Assets has successfully conducted
auction and advertising services for the sale of more than 1,000 tax-defaulted properties for Kern County, Calif.
This sale includes 11 parcels of land and 22 timeshares. The properties are located primarily in the San Diego,
Carlsbad, Del Mar and Solana Beach areas of the county. Due diligence materials, including zoning information and
maps are currently available for viewing online at Bid4Assets. Minimum bids range from $900 - $75,000. Interested
bidders should go to http://www.bid4assets.com/get/sdland3
for more information. Bidders who are unable to bid online can contact Bid4Assets toll free at 1-877-427-7387.
"Bid4Assets helps innovative counties, like San Diego, reach more buyers, reduce costs and slash the time
to sale for their seized and surplus assets, which returns the property back to revenue generating status more
quickly," said Tom Kohn, CEO of Bid4Assets. "The tax-payers are the ultimate beneficiaries of the entrepreneurial
approach taken by San Diego County."
Bid4Assets is approved by the General Services Administration and has conducted the first online asset sales for
the U.S. Department of Energy and the U.S. Marshals Service, and conducted what is believed to be the largest federal
government sale online for the FDIC. Bid4Assets also has conducted sales for several state and local government
agencies nationwide.
About Bid4Assets, Inc.
Bid4Assets, Inc. (http://www.bid4assets.com) is a leading asset disposition
and advisory services company that sources assets from financial institutions, government agencies, bankruptcies
and private industry. Bid4Assets combines a centralized Internet marketplace with essential offline solutions to
sell financial instruments, real estate, intangible property, personal property and bankruptcy claims to a worldwide
network of sophisticated buyers more quickly and efficiently than traditional methods. Since its launch in November
1999, Bid4Assets has conducted more than 4,000 auctions for assets in all 50 states. The company is located in
Silver Spring, Md., phone (301) 650-9193, fax (301) 650-9194.
SOURCE: Bid4Assets, Inc.