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CowanAlexander, LLC Release: State-of-the-Art Equipment From Biopharmaceutical Company to Hit the Auction Block



8/5/2008 9:51:12 AM

SAN DIEGO, Aug. 5 /PRNewswire/ -- Cowan Alexander, LLC and Asset Reliance International, a leading technology auction and valuation team, today announced a 3-day major webcast equipment auction for Favrille, Inc. This auction features more than $15 Million in original acquisition cost and features GMP analytical and laboratory equipment, office furnishings and equipment, IT, facilities equipment, PCs and notebook computers, backup generators and much more.

"This 3-Day auction event represents a tremendous buying opportunity for companies both large and small looking for quality equipment at auction prices. An auction of this magnitude and quality is a rarity and should not be missed. All equipment will be sold regardless of price with no minimum bid and no reserve prices," said Don Cowan, president of Cowan Alexander.

The auction will take place daily Tuesday, Wednesday and Thursday, August 12, 13 and 14 at 10 a.m. PDT in the Favrille facility located at 10445 Pacific Center Court, San Diego, Calif. Auction items will be available for preview and inspection at the same location beginning Monday, August 11 from 9 a.m. to 4 p.m. and mornings of the sale from 9 a.m. to 12 Noon.

The auction will also be broadcast through a webcast globally; auction attendees can bid via the Internet or live onsite. A comprehensive auction catalog with photos will be posted 24 to 48 hours before the sale online at http://www.cowanalexander.com.

About Cowan Alexander & Asset Reliance International

Cowan Alexander, LLC and Asset Reliance International are the nation's leading technology auction, capital recovery and valuation companies. Both companies provide custom-tailored asset disposition and valuation services to technology investors, lenders and technology companies. This experienced team of professionals has successfully sold more than $1 billion in assets and has completed more than 1,000 valuation assignments worldwide. For more information, visit http://www.ar-int.com or http://www.cowanalexander.com.

CONTACT: Don Cowan of Cowan Alexander, LLC, +1-503-620-9000,
don@cowanalexander.com; or Alex Steele of Asset Reliance International,
1-888-505-0755, ext. 1, alex@ar-int.com

Web site: http://www.cowanalexander.com/
http://www.ar-int.com/


Read at BioSpace.com


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