Richmond, VA, November 1, 2000 – Tranzon, L.L.C. announced today that Durnil Auctioneers has joined Tranzon as one of the founding companies. Durnil Auctioneers will begin trading under Tranzon Asset Advisors. Tranzon, L.L.C. is the first truly national Real Estate Auction firm; the company will service all major US metropolitan areas by the end of 2002.

Time sensitive sellers of U.S. real estate desire a single company that can meet their real estate disposition needs. Through Tranzon, these sellers can streamline the auction company selection process, minimize the time and cost of managing their auctions, and receive a consistent, high quality level of service. Tranzon provides uniform training and technology programs to its associates and companies, which gives Tranzon’s associates the tools necessary to deliver its clients professional, effective and efficient auction services.

Tranzon Asset Advisors services the Central US for Tranzon from its offices in Elizabethtown, KY. Durnil Auctioneers was founded by Ed and Barbara Durnil eight years ago. The company has significant experience serving estates, trustees and private sellers and has a growing institutional practice. Tranzon Durnil has significant expertise in land and farm auctions, including “multi-par” sales. Ed Durnil, Regional President of Tranzon Asset Advisors, also serves on Tranzon’s Executive Committee. He received his Certified Auctioneers Institute (CAI) designation in 1998, and is a candidate for the Accredited Auctioneers of Real Estate designation (AARE).

The Tranzon companies specialize in providing real estate auction services to institutions, trustees and individuals throughout the US. The Tranzon companies have successfully auctioned virtually all types of real estate and have a depth of knowledge and regional market expertise that can only be afforded by the regional experience of its companies. The geographic breadth of the Tranzon companies allows it to serve sellers with properties throughout the US, as well as individual real estate owners on a local basis.

For more information, contact:
Ed Durnill, Phone (270) 769-0284