Raptor Investments' Acquisition Lists 89 Acre Landfill in Indiana on eBay for $1.8 Million While Management Announces End-of-Quarter Investor Conference Call
6/16/2005 8:51:01 AM
PLANTATION, Fla., Jun 16, 2005 (BUSINESS WIRE) -- Raptor Investments, Inc. (RAPT) announced today that its acquisition, EZ Auctions & Shipping, Inc., has listed the Tolley Hunt Landfill Property on eBay for $1.8 million. Based in Chili, Indiana and centrally located between Indianapolis, Fort Wayne and South Bend, the 89 acre tract of land has approximately 54 acres that have zoning approval to serve as a commercial sanitary landfill. All of the required permits and regulatory approval accompany the property as part of the auction, which can be found on eBay under listing number 5588256429. John DeLisa, President of EZ Auctions & Shipping stated, "Landfills are one of the most difficult businesses in which to attain government approval and licensing, and we are listing a turn-key solution. Our hope is that one of the larger companies in the waste management industry, like Waste Management, Inc. (WMI), Allied Waste Industries, Inc. (AW) or Republic Services, Inc. (RSG) sees the listing and buys it."
Raptor's acquisition of EZ Auctions & Shipping, Inc. is scheduled to close on the week of June 20th, 2005, while it anticipates that the acquisitions of Thrifty Brothers, Inc. and HotAutoWeb will be completed shortly thereafter. Jamie DeSane, acting CEO of Raptor commented, "The listing of this property shows our commitment to the new company's aggressive strategy of targeting estate, corporate and other organizational liquidations. We believe it represents a significant area of differentiation over our competitors and will provide the company with an ongoing competitive edge."
Raptor Management also announced that it will be holding an end-of-quarter conference call shortly after the closing of the acquisition of EZ Auctions & Shipping and the announcement of the Company identity change, both of which are scheduled to occur over the next two weeks. DeSane remarked, "We believe wholeheartedly in the notions of both communicating consistently with and creating as much transparency for our shareholders as possible. The purpose of the conference call will be to tell the company story more thoroughly, evangelize the company's strategic choices and direction, provide relative execution timetables and answer as many pre-submitted questions as possible. We invite anyone with specific questions they would like addressed during the conference call to call or email our investor relations contacts as soon as possible. We will set and announce a final date for the call pursuant to the milestones scheduled over the next two weeks."
In late May 2005, Raptor Investments announced it was joining Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (AMRE) and Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) in the eBay (EBAY) drop store industry. As opposed to utilizing a traditional franchising model for growth, for which Auction Mills has publicly admitted considerable difficulties in implementation, Raptor Investments has decided to manage growth through international 'eBay-drop-store-by-mail' operations and through the acquisition of community-centered retail 'thrift stores'. These stores will continue operating in their existing business while also acting as local eBay drop store 'consignment centers' under the new company brand. Each location will also serve as local and corporate and estate asset disposition offices.
SOURCE: Raptor Investments, Inc.
For Raptor Investments, Inc., Plantation
Brass Bulls Corp.
Marc Lovito, 954-340-2464
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