Pacer Developed Markets ... (AMEX:ICOW)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Pacer Developed Markets ... Charts. Click Here for more Pacer Developed Markets ... Charts.](/p.php?pid=staticchart&s=A%5EICOW&p=8&t=15)
Premier's fall consignment sale generates 20% more in gross auction sales than
expected
Gross Auction Sales of Over USD $3 Million
OKLAHOMA CITY, OK, Oct. 28 /PRNewswire-FirstCall/ -- Icoworks Inc.'s
(OTCBB:ICOW) (FRANKFURT:ICOW.F) wholly owned subsidiary, Premier Auctioneers
International, Inc., is pleased to announce that its 17th Annual Fall
Consignment Sale of oilfield equipment and rolling stock attracted strong
participation from local and foreign buyers resulting in a 20% increase in gross
auction sales. Additionally, the largest single item sale came from an internet
bidder and 20% of the total revenue came from online sales.
"This is the first major auction Premier has conducted under Icoworks' ownership
and we were extremely pleased with the efficiency of the auction, the
international bidder participation and the solid prices during this two- day
event," stated Mr. Graham Douglas, President of Icoworks Holdings Inc. "The
success of this auction can be directly attributed to the dedication and talent
of the Premier team."
The Premier team is getting geared-up for the next oilfield equipment, drilling,
well service and rolling stock auction to be held in Odessa, Texas on December
6th and 7th. The next Oklahoma City auction will be held on January 20th and
21st, 2004 and a featured rig is already in transport to the sales yard.
About Icoworks Inc.
Icoworks Inc. has acquired a 56% interest in Icoworks Holdings Inc.
(http://www.icoworks.com/) an integrated Commercial/Industrial Auction company.
In November of 2002 Icoworks Inc. announced its intent to merge with Icoworks
Holdings. Icoworks Inc. plans to acquire the remaining 44% interest in Icoworks
Holdings by issuing two shares of its common stock for each remaining share of
Icoworks Holdings. The Icoworks merger remains subject to approval by the
shareholders. The shareholder meeting will be held once requisite regulatory
documents have been prepared and filed.
Icoworks, through its subsidiaries, offers a complete array of industrial,
oilfield and commercial appraisal, liquidation and auction services. Every
Icoworks auction or liquidation benefits from many years of experience in the
industry, and a corresponding network of almost 200,000 proven purchasers.
Icoworks Holdings has a 25-year history of profitability, qualified experienced
management, excellent industry contacts, and a high- quality reputation for
finding qualified buyers for their sellers.
This Press Release may contain, in addition, to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements are based on management's expectations and beliefs,
and involve risks and uncertainties. These statements may involve known and
unknown risks and uncertainties and other factors that may cause the actual
results to be materially different from the results implied herein. Key factors
that could cause actual results to differ materially from those described in
forward-looking statements are:
(i) the inability of Icoworks to complete the merger with Icoworks
Holdings to acquire the minority interest of Icoworks Holdings that
it does not own, of which there is no assurance; and
(ii) the inability of Icoworks to achieve the financing required to
pursue its plan of operations, of which there is no assurance.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
DATASOURCE: Icoworks, Inc.
CONTACT: Investor Relations, Westin Communications Inc., Toll:
800-430-4034, Tel: 604-669-3707, Email: , Web:
http://www.westincomm.com/; Regency Financial Public Relations, Tel:
303-771-7300,
Email: