BWI: Ritchie Bros. Auctioneers to Conduct First Unreserved Equipment Auction in India

Press release from Business Wire India
Source: Ritchie Bros.
Tuesday, August 18, 2009 05:45 PM IST (12:15 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers; Technology
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Ritchie Bros. Auctioneers to Conduct First Unreserved Equipment Auction in India
Company holds Press Conference on 27th of August in Hyderabad

Hyderabad, Andhra Pradesh, India, Tuesday, August 18, 2009 -- (Business Wire India) -- Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, will conduct its first ever auction in India on September 25, 2009 in Hyderabad. A large selection of construction, transportation and agricultural equipment items will be sold with no minimum bids or reserve prices on auction day. The unreserved public auction is expected to attract an international crowd of bidders.

"We already have hundreds of Indian customers who've travelled to experience the benefits of a Ritchie Bros. auction in person," said Sameer Malhotra, Ritchie Bros. Country Manager, India. "They're attracted by the large selection of used and unused equipment; the exciting atmosphere; and most of all, the fair and transparent bidding process. Now it's time to bring that experience closer to home."

Press conference

The company will hold a press conference in Hyderabad on Thursday the 27th of August. Here, media are presented with information about Ritchie Bros. Auctioneers and its first auction in India. At the press conference, the company will be represented by Guylain Turgeon, Ritchie Bros. Managing Director, and Sameer Malhotra, Country Manager India.

Press Conference details

Date: Thursday August 27, 2009
Time: 12 Noon
Location: Taj Banjara, Banjara Hills, Hyderabad

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 39 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.


CONTACT DETAILS
Sameer Malhotra, Country Manager, Ritchie Bros. Auctioneers, +91 (11) 41414444, smalthotra@rbauction.com
Alexander Ypeij, Communications Specialist Europe, Ritchie Bros. Auctioneers, +31.765.242.600, aypeij@rbauction.com
Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, +1.604.304.3830, kschulz@rbauction.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TECHNOLOGY

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