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VANCOUVER,
BRITISH COLUMBIA - Ritchie Bros. Auctioneers Incorporated,
the world's leading auctioneer of industrial equipment,
announces their upcoming auction in Dubai, United Arab Emirates.
Ritchie
Bros. Auctioneers will be holding a three-day unreserved
auction on October 25, 26 & 27, 1999 at their auction site
in the Jebel Ali Free Zone, in Dubai, United Arab Emirates.
The site is located within the Jebel Ali Free Zone in the
Emirate of Dubai, approximately a 30-minute drive South
from the City of Dubai.
The
three-day auction will include a large selection of industrial
equipment featuring over one hundred cranes, including rough
terrain, hydraulic truck, all terrain, and crawler cranes.
There is also a large selection of truck tractors, dump
trucks, crawler pipelayers, tack tractors, crawler tractors,
wheel loaders and hydraulic excavators.
"We
have a great selection of construction and transportation
equipment from all over the world for buyers to choose from,"
says Glen Day, Territory Manager -- the Middle East Region
for Ritchie Bros. "Our location here in Dubai is excellent
for traveling customers and provides easy access to many
shipping and transport options."
Every
Ritchie Bros. auction is unreserved, meaning there are no
minimum or reserve prices on any of the items being sold.
Everything sells on sale day to the highest bidder. By contractual
agreement, sellers and their agents have agreed not to bid
on or buy back any items. All items sold at auction are
sold on an "As Is Where Is" basis. This is why equipment
owners trust Ritchie Bros. and travel from all around the
world to attend their auctions.
Additional
information can be obtained from the Ritchie Bros. website
at www.rbauction.com which contains all the auction information
and equipment listings for the Dubai auction and all other
Ritchie Bros. auctions around the world.
Ritchie
Bros. is the world's leading auctioneer of industrial equipment,
operating through over 50 locations in 16 countries throughout
the world. The Company sells, through unreserved public
auctions, a broad range of used industrial equipment, including
equipment utilized in the construction, transportation,
mining, forestry, petroleum and agricultural industries.
Ritchie Bros. is listed on the New York Stock Exchange (NYSE:RBA)
and maintains a website at rbuaction.com.
Certain
statements contained in this Press Release are forward-looking
statements that involve risks and uncertainties. There are
many factors that could cause the Company's actual results
to differ materially from those expressed in the forward-looking
statements.
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