Start Your Engines For The Online Auction Of The Former Gillett Evernham Motorsports

Online, February 13, 2012 (Newswire.com) - Proxibid (www.proxibid.com), the world's largest real auction marketplace, has been selected as the exclusive online provider by Iron Horse Auction Company, Inc. for the sale of the assets of the former Gillett Evernham Motorsports. The auction will begin Monday, February 13 at 8:00 a.m. Eastern and will continue through Wednesday, February 22, with bidding closing at 8:00 a.m. Eastern. Bidders can log on and place their bids at www.proxibid.com/ironhorse.

Gillett Evernham Motorsports was owned by a legendary seven-time NASCAR champion. On February 13, several of the Company's valuable equipment pieces will cross the auction block online. Of particular value is a 2003 Prevost VIP Motorcoach that was used as a Speedway Home of the Executives of Gillett Evernham.

Additional quality items to cross the block include:
• Lot #508: Spray bake paint booths and oven-Fire Compression Control, Overall Outside Dimensions- 339"L x 384"W and inside dimensions 164"W x 285"L;
• Lot #518: Fusion Arc by Capital Robotics multi-plane welder-with Almega AX-V4LAP arm robot control unit and wire feed daihen. Dimensions- 10' x 12';
• Lot #528: G-Force rear and gear dyno- with two Yaskawa electric motors and a Yaskawa F7 controller;
• Lot #521: Surface plate-10'x20' with fixtures;
• Lot #522: Lake Shore surface plate-10'x20' with fixtures;
• Lot #523: EMS ride rate machine surface fixture-with suspension response program. Surface plate 8' x20' with cabinet.

"It is an honor to bring the assets of the former Gillett Evernham Motorsports organization to the international auction marketplace," said Will Lilly of Iron Horse Auction Company, Inc. "This is a rare opportunity for racing series operators to buy good quality parts, equipment and a Luxurious Prevost Motorcoach. And, with online bidding, anyone, anywhere can log on, bid and win in this auction."

For more information and to see a complete list of items for sale, visit http://www.proxibid.com/ironhorse.

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Omaha-based Proxibid brings auctioneers and bidders together for a world-class online auction experience. Since 2002, the Company has worked with more than 2,500 auctioneers to bring more than 35,000 auctions to a global, online audience. With registered bidders from more than 190 countries, no other provider in the industry connects more buyers and sellers than Proxibid. The Company's proprietary live Internet bidding service and Web site were developed by auctioneers and industry-leading professionals to provide our bidders with the most user-friendly and comprehensive online auction experience possible.

Proxibid's customer service and support is unmatched in the industry. The company's toll-free support center is open before, during and after every live auction, and is staffed with bi-lingual auction specialists who assist both bidders and auctioneers. For more information about Proxibid, please visit us online at www.proxibid.com.

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