Online auctions have been scheduled for every Tuesday, selling
warehouse & consumer goods, office furniture, and more from the
U.S. DoD
FORT WORTH, TX, July 17, 2018 /PRNewswire/ - Today Ritchie Bros.
will begin selling hundreds of non-rolling stock items for the U.S.
Department of Defense each week through its online marketplace
GovPlanet.com. For the past three and a half years the U.S. DoD has
been selling its surplus rolling stock assets—Humvees,
utility trailers, cargo trucks, etc.—through the GovPlanet
marketplace. Late last year, Ritchie
Bros. signed an additional contract to now sell all U.S. DoD
non-rolling stock assets through GovPlanet as well. The
first non-rolling stock auction is being held today, July 17, 2018.
Ritchie Bros. has scheduled U.S.
DoD auctions through GovPlanet each week, with non-rolling stock
assets being sold on Tuesdays and rolling stock assets sold on
Wednesdays.
"We are now the one-stop-shop for all surplus assets from the
U.S. Department of Defense," said Conner
Humphrey, Vice President, GovPlanet. "The non-rolling stock
assets include everything from shop tools, warehouse and consumer
goods, office furniture and so much more. All of it will be sold
exclusively through our GovPlanet marketplace—it's free to register
and very easy to use. I encourage interested bidders to go online
and check out the inventory today—you never know what you might
find."
Asset highlights in the July 17
non-rolling stock auction include storage containers, equipment
parts, ammo cans, filing cabinets, tools, consumer electronics and
more. For a complete list of items, visit GovPlanet.com.
For more information on how to buy and sell through GovPlanet,
visit GovPlanet.com.
About GovPlanet:
GovPlanet, a Ritchie Bros.
solution, was launched in 2014 to address the specialized equipment
disposition needs of public entities, from federal, including
military, to state, local and municipal. Each week, on average,
GovPlanet draws close to 90,000 attendees to its online auctions.
Items go into preview two weeks in advance and bidders can view
photos, video and inspection reports. All items sold on GovPlanet
have been inspected and come with IronPlanet's exclusive IronClad
Assurance® equipment condition certifications, which
give bidders the confidence to buy online from anywhere in the
world.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a multitude of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's
largest industrial auctioneer offers live auction events with
online bidding; IronPlanet, an online marketplace with featured
weekly auctions and providing its exclusive IronClad
Assurance® equipment condition certification; Marketplace-E,
an online marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing service;
and Ritchie Bros. Private Treaty,
offering privately negotiated sales. The company also offers
sector-specific solutions including GovPlanet, TruckPlanet, Kruse
Energy Auctioneers, and Cat® auctions, plus equipment
financing and leasing through Ritchie
Bros. Financial Services. For more information about the
unprecedented choice provided by Ritchie
Bros., visit RitchieBros.com.
Forward-looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable U.S.
and Canadian securities legislation (collectively, "forward-looking
statements"), including, in particular, statements regarding future
auctions and the timing thereof. Forward-looking statements are
statements that are not historical facts and are generally,
although not always, identified by words such as "expect", "plan",
"anticipate", "project", "target", "potential", "schedule",
"forecast", "budget", "estimate", "intend" or "believe" and similar
expressions or their negative connotations, or statements that
events or conditions "will", "would", "may", "could", "should" or
"might" occur. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. Forward-looking statements necessarily involve
assumptions, risks and uncertainties, certain of which are beyond
the Company's control, including the ability to conduct weekly U.S.
DoD auctions, and the risks and uncertainties set forth in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2017 and which is
available on the SEC, SEDAR, and Company websites. The foregoing
list is not exhaustive of the factors that may affect the Company's
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, and actual
results may differ materially from those expressed in, or implied
by, these forward-looking statements. Forward looking statements
are made as of the date of this news release and the Company does
not undertake any obligation to update the information contained
herein unless required by applicable securities legislation. For
the reasons set forth above, you should not place undue reliance on
forward looking statements.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.
Auctioneers