Richmond, VA, November 1, 2000 – Tranzon, L.L.C. announced today that Hanley Auction Company has joined Tranzon as one of the founding companies. Hanley Auction Company will begin trading under Tranzon Hanley. 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.

Based in Fort Worth, TX, auction veteran Tom Hanley leads Tranzon Hanley as its Regional President. Tranzon Hanley has significant experience in auctioning all types of commercial real estate assets and has auctioned large tracts of land successfully. Mr. Hanley is on Tranzon’s Executive Committee. He has served on the National Association of Realtors Auction Committee for the past five years.  He served on the Real Estate Council of the National Auctioneers Association for two years and has had numerous published articles on selling real estate at auction.

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:
Tom Hanley, Phone (800) 377-0213