Hodgins Secures Three Construction Equipment Auctions

MELFORT, SK, Feb. 20, 2013 /CNW/ - Hodgins Auctioneers Inc. (TSXV-HA) ("Company") is pleased to announce signing of multiple agreements to act as agent to sell surplus assets in three separate auctions. All auctions are Live On-site Auctions, each with live interactive real time Internet bidding through Bidspotter.com, worldwide service provider to the Company.

Auction # 1 will take place on April 10 near Whitewood, SK. This is a major equipment realignment auction for Peter Crushing and Hauling Ltd. and includes two complete crushing spreads, as well as rubber tire loaders, dozers, excavators, trucks, and trailers.

Auction # 2 will be held on April 29 in Kamsack, SK featuring a complete dispersal for L. Larson Trucking. Loaders, crawler tractors, motor graders, trucks and trailer, and crushing equipment are for sale.

Auction # 3 is a two day auction, May 1 & 2, for A-1 Group of Companies based in Camrose, Alberta. The A-1 Group of Companies consist of A-1 Rentals, A-1 Septic, A-1 Auto Electric, A-1 Supply, Camrose Towing Group, Rays Trailer Sales & Kioti Tractor, OK Tire and Camrose Auto Wrecking. Surplus assets put up for sale by the A-1 Group consist of a wide variety of industrial assets, many of them from the A-1 Rental fleet plus towing equipment, tractors, trailers, and hundreds of other items.  Guy Turnbull, President of A-1 Group of Companies stated: "We are confident the Hodgins auction team will conduct a professionally advertised and executed unreserved auction, bringing us fair market value for our surplus equipment."

Grant Hodgins, CEO of Hodgins Auctioneers stated: "These agreements provide an anchor for the Company in the used construction equipment market in the provinces of Saskatchewan and Alberta. We anticipate other sellers of used equipment will compliment these lineups of assets with participation in these auctions."

About Hodgins Auctioneers Inc.

Headquartered in Melfort, SK for more than 50 years, Hodgins Auctioneers is a provider of professional auction services. Hodgins is renowned for its experienced Auctioneers, award-winning promotions, dependable results and commitment to providing the ultimate marketplace for the sale of assets by auction.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Hodgins Auctioneers Inc.

For further information:

Grant Hodgins, CEO
Hodgins Auctioneers Inc.
Tel:  1-800-667-2075
Fax:  (306) 752-5702
Email:  grant@hodginsauctioneers.com
Website: www.hodginsauctioneers.com

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Hodgins Auctioneers Inc.

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