LiquiTec works with our client to identify surplus or non-strategic assets to sell.

We provide recommendations on the best way to bundle, or group, assets to maximize value.

Our sister company, AccuVal, can be independently engaged to determine the expected return from the sale.

Assets are prepared for sale and lots are tagged with easily identifiable numbers.

Sellers either provide descriptions and photographs of each lot or LiquiTec sends our field service crew to gather the sale information for the website.

Sellers determine what minimum prices will be accepted in the sale, if applicable.

Once this sale information is collected, the sale is set up online with an easily navigable lot catalog to guide bidders.

LiquiTec researches the market and devises a targeted strategy to promote the sale and drive traffic to the sale. Our approach is always multi-faceted and may include e-mail campaigns, website advertising, industry newsletters, banner advertising, print advertising, direct mail, newspaper advertising, telemarketing, press releases, radio or television.

Once the strategy is approved, our team rapidly deploys the various facets, preparing creative advertising campaigns that are engaging, straight-forward and action-oriented, creating demand for the assets.

The impact of the advertising is monitored real-time and is modified, as needed, to ensure it maintains effectiveness. Unique visitors to each lot in the online catalog as well as daily site visitation numbers are watched closely.

Whenever possible, assets are made available for physical inspection. Depending on the client’s preference, viewing of assets may be by appointment only or specified for certain dates. For on-site sales, assets are generally available for inspection the day prior to the sale.

It is at this time that interested parties should complete their due diligence and satisfy any questions they have about the assets being sold since they are being offered “as is, where is.” Questions can be asked during the inspection or emailed to LiquiTec.

Registration is free and easy. All bidders must register and agree to all Terms of Sale to participate in the sale. Bidders arriving on-site will be asked to complete a registration card and make available a valid driver’s license and credit card for photocopy. Registered bidders will be issued a sale catalog and bidding paddle with a unique bidder number for that sale. Bidders participating via webcast must register at www.bidspotter.com at least 24 hours before the sale’s scheduled start time to participate in the sale.

Some lots may require a deposit be placed prior to bidding. When required, the refundable deposit serves to confirm the financial ability and intent of the bidder to complete the transaction.

Bidding will commence at the scheduled “start of sale.” The auctioneer will call out lots sequentially and bidders raise their paddle when willing to pay the price called out for a lot. Simultaneously, bidders participating in the sale via webcast listen to the live auction feed and submit bids via the internet.

At the bid closing for each lot, the auctioneer will call out the paddle number and bid of the high bidder. The winning bidder number may come from the Internet.

Participants on-site stop by LiquiTec’s desk to pick up an invoice that provides the details on all of their winning bids. Webcast winners are emailed an invoice upon completion of the sale. Buyer’s premium and tax added to the sale price, when applicable. Payment is usually settled on the day of sale, but required to be paid in full within one business day of the sale’s close. LiquiTec accepts payment by wire transfer, MasterCard, Visa, cash and, in some cases, a company check accompanied by a bank letter of guarantee. Example of bank letter of guarantee >

Example of bank letter of guarantee

(must be drawn on a U.S. bank and written on bank letterhead): (Name of bank) guarantees payment to LiquiTec Industries, Incorporated from (name on account)’s account #____________ up to the amount of $____________. This letter is valid for purchases made at the sale of (name of sale) on (date of sale).

Once full payment has been confirmed, the lot may be removed. Please read the removal terms carefully as they vary by sale, but usually buyers must make their own arrangements to remove the        lot(s) within a specified timeframe at their own expense. For convenience, LiquiTec may arrange to have riggers attend the sale to assist buyers with removal of machinery. Buyers are under no obligation to use the riggers attending the sale and may arrange for their own removal of the assets provided that the riggers are insured and experienced in removing that type of machinery.