Research Vessel to be Auctioned Online

Monday, September 10, 2001
Bid4Assets, Inc., a full-service asset disposition and advisory services company, announced that it will auction a research vessel for the state of Georgia. The online auction will be held through Sept. 27 on the Bid4Assets Web site, http://www.bid4assets.com. Bidding begins at $90,000.

Bid4Assets has been working with the state of Georgia to sell their surplus and retired assets since July 2000, conducting auction sales of construction equipment, highway patrol cars and computer equipment.

The research vessel Blue Fin is owned by the university system of Georgia and operated by the Skidaway Institute of Oceanography. The 72-foot boat was built in 1972, and is located in Savannah, Ga. The vessel is equipped with wet and dry laboratory space, and features a global positioning system, a digital fathometer and a continuously recording suite of sensors that measure temperature, salinity and other water properties. Photos, specifications and other due diligence information is available at http://www.bid4assets.com. Bidders wishing to physically inspect this asset should contact service@bid4assets.com.

"The state of Georgia continues to demonstrate its commitment to innovative asset disposition solutions. Through leveraging the Internet, we are able to expand reach, reduce costs and maximize returns to the taxpayer for the sale of this research vessel," said Bid4Assets' President, Jim Russell. "Watermen and scientists alike have the ability to take advantage of this ideal opportunity to purchase a vessel at competitive prices."

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