com is a high-tech auctioneer that conducts auctions
live and simultaneously broadcasts them over the Internet .com/ourTechnology.

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"Who would have thought someone would buy a $282,000 piece of machinery
online , without touching the tracks?" continued Groves. "We had 20
different bidders on it. It was the
first company dedicated to trading antiques, fine art and premium
collectibles on the Internet and today represents some of the world's
leading auction houses.

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IronPlanet was granted authority by
the U.com

iCollector.icollector.

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elms licenced

com Inc.ableauctions. For more information ,
contact Investor Relations at investorrelations@ableauctions.

manning liquidations

Founded in 1999, IronPlanet has grown to be the third-largest auction
company of heavy equipment.
IronPlanet is the only auction company to provide detailed, guaranteed
inspection reports for used equipment in its auction. These forward-looking statements fall within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934 and are subject to the safe harbor created by
these sections.

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IronPlanet Completes $5.7 Million One-Owner Auction

With investors such as Caterpillar , Komatsu
and Volvo, IronPlanet sells a broad range of used equipment including
construction, agricultural and trucks through online auctions.

woltz billig

leike auctions

The auction took place online
with all bidding over the internet , accounting for 100% of the auction's
total sales." Twenty bidders vied for a 1999 Caterpillar
D8R crawler tractor in Georgia, that sold to a buyer in California for
$282,000. iCollector can help you find, buy or
sell art, antiques and collectibles online.aspx

This press release contains forward-looking statements,
particularly as related to, among other things, the business plans of
the Company, statements relating to goals, plans and projections
regarding the Company's financial position and the Company's business
strategy.

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Over 3,100 registered auction attendees from across the U.

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----Ableauctions. By taking advantage of a number of factors, including the
Company 's strong market presence in the auction sector and an
operational model that meets the market's demand for excellence,
service and value, Ableauctions hopes to realize significant growth in
this sector within a year.icollector.com or
(www.

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The Company expects to expand its workforce and commit
to an expanded marketing program for the eBay Live Auction Industrial
and Antique and Collectible platforms .

About Ableauctions.
Visit www.

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and four
other countries participated in the unreserved online auction. IronPlanet's auctions are exclusively online, allowing
buyers to bid from anywhere in the world.
The auction included 50 pieces of equipment all located on B+A
Construction 's yard in Gainesville.
The facility will feature local and remote training labs designed
to enable auctioneers and technology partners to receive information,
intensive training and support necessary for increasing sales and
enhancing business development opportunities in markets worldwide.com is a wholly owned subsidiary of Ableauctions and is
the independent connection to the world's auction houses. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.

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ironplanet.
(AMEX:AAC ) (the "Company") announced today that it will establish one
of the world's leading online sales and support facilities for eBay
Live Auctions.com/technology) and currently provides technology
and related services to auction houses, enabling them to broadcast
auctions over the Internet.

woltz auctions

7 million of equipment in its May 20 auction for B+A
Construction in Gainesville, Ga. The equipment was
sold within five weeks from consignment to auction day.com.com.

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"No other auction company can bring a global marketplace to a one-owner
sale, without moving the equipment," stated Mike Groves, regional
manager of the southeast area for IronPlanet. Bankruptcy Court to liquidate the assets.

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Ableauctions to Establish the World's Leading Online Sales and Support Facility for eBay Live Auctions

The formal establishment of such a facility places the Company in
a distinctive position in the marketplace and represents an aggressive
initiative to increase the Company's eBay Live Auction related
business .

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PLEASANTON, Calif.

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With the
experience of over 3,000 auctions, the Company has developed
state-of-the-art technology to broadcast Internet auctions
(www. For a comprehensive Corporate Update and
prior releases, visit www.

fuchs mozingo

com), the third-largest auction company of heavy equipment in
North America, sold $5.ableauctions.com

About iCollector.

billig bidding

S.S.

Business Editors/Technology Editors

FIFE, Wash.

woltz dempsey

, IronPlanet
(http://www.ironplanet.com

Ableauctions. Such forward -looking statements are based on current
expectations, involve known and unknown risks, a reliance on third
parties for information, transactions or orders that may be cancelled
and other factors that may cause our actual results, performance or
achievements, or developments in our industry, to differ materially
from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements.

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If you are
interested in buying or selling used equipment, go to
http://www. iCollector has broadcast hundreds of live
auctions in real-time on eBay Live Auctions , directly from the
salesroom as the auction happens.

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Each
piece of equipment averaged 11 bidders . Factors that could cause
actual results to differ materially from anticipated results include
risks and uncertainties related to the performance of our on-line
auction business, our ability to implement our inventory procurement
strategy, general economic conditions, our ability to license our
software to other auction houses, our ability to acquire profitable
companies and integrate them into our business successfully and other
factors that are detailed in our Annual Report on Form 10-KSB and on
documents we file from time-to-time with the Securities and Exchange
Commission. Actual results may
differ materially from the Company's expectations and estimates.