Late model, unused Madill equipment to be sold at unreserved auction in Prince George

    PRINCE GEORGE, BC, Oct. 1 /CNW/ - Next week, almost 700 items - including
a large selection of unused and late model Madill logging equipment - will be
sold to the highest bidders at an unreserved Ritchie Bros. Auctioneers auction
in Prince George, B.C. Among the equipment being sold in the October 9, 2008
auction: feller bunchers, log trucks and trailers, processors, forwarders, log
loaders, skidders, yarders, excavators, trucks, trailers, pickups - and more.
Every item will be sold on auction day, with no minimum bids or reserve
prices. Ritchie Bros. ( will conduct the unreserved public
auction at its permanent auction site in Prince George.
    "I've never seen such an exceptional lineup of forestry equipment in one
place at one time - and by the end of day on October 9th, everything will be
sold to new owners," said George Willows, Ritchie Bros. Regional Manager. "Our
upcoming auction is a great opportunity for people in the logging,
construction and transportation industries to buy the equipment they need at
the price they are willing to pay. As with every Ritchie Bros. auction, there
will be no minimum bids and no reserve prices on any item being sold - even
the unused and late model gear. If you can't make it to the auction site to
bid in person, you can register to bid in real-time over the internet."
    The October 9th Prince George auction features complete dispersals for R
Saunders Contracting Ltd. and Shallow Bay Contracting Ltd., as well as
equipment from more than 140 other consignors. Vancouver Island-based Madill
Equipment filed for bankruptcy protection in early 2008.

    Auction details:
    -   Location: 1434 Old Cariboo Hwy, Prince George, B.C. (site phone: +
    -   Time and date: 8:00 a.m. Thursday, October 9, 2008.
    -   Open to the public; registration to bid is free.
    -   Interested buyers can register to bid in person, over the internet or
        by proxy. Visit the auction site to register to bid in person; photo
        I.D. is required.
    -   Internet bidders must register online before auction day at (at least 2-3 business days is recommended for
        first-time internet bidders).
    -   Equipment details (including photos) are available on the Ritchie
        Bros. web site (
    -   Equipment can also be inspected and tested at the auction site. The
        site is open 8:00 a.m. to 5:00 p.m. daily. The site opens at 7:00
        a.m. on auction day.

    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 25 countries including 38 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 and sponsors an equipment wiki at

For further information:

For further information: Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Head office tel: (604) 304-3830 or mobile: (604)
788-5379 or email: Or George Willows, Regional Manager,
Ritchie Bros. Auctioneers, Prince George auction site, tel: (250) 963-8491

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