Richmond, VA, November 1, 2000 – Tranzon, L.L.C. announced today that Fox and Associates has joined Tranzon as one of the founding companies. Fox and Associates, Richmond, VA office, will begin trading under Tranzon Fox. 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.

William Londrey, Vice President of Tranzon Fox, concentrates primarily on commercial real estate and business/industrial asset auctions, and works closely with the banking, legal and real estate communities throughout the United States. During his 10 years with the company, Bill has managed some of the largest auctions in company history, including a $30 million retail center in West Virginia, and several multi-million dollar commercial projects.

Linda Staples, Marketing Coordinator, obtained her certification through the Auction Marketing Institute and received her REALTORS® designation and her Auctioneers license in 1995. Linda specializes in residential real estate and is an instructor for the National Auctioneers Association as well as for the Richmond Association of REALTORS®.

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:
Bill Londrey, Phone (804) 355-2251