Arlington, VA October 7, 2003: Internationally recognized Roland House, a pioneer in digital post production, is up for sale with proposal bids due November 10, according to CEO Fritz Roland.

The company, located in proximity to Washington, D.C., will be sold as a fully operational business that has an international client base and proven reputation as being one of the top digital post-production houses in the world.

Tranzon Fox, part of Tranzon LLC – a nationwide accelerated marketing and auction company with Richmond, VA headquarters – will handle the sale via a sealed-bid process expected to receive approval by the U.S. Bankruptcy Court in Alexandria, VA later this month. Tranzon Executive Vice President Stephen Karbelk will oversee the sale, and says a number of potential buyers already are identified.

Roland House filed for Chapter 11 bankruptcy protection this summer on August 18 as a way of ensuring the company's future with a buyer better financially positioned to weather the last remnants of the post-911 economic fallout and the industry's final change-over to a fully digital format.

The company was formed in 1983 by Fritz Roland, who decided that "semi-retirement" meant embarking on a second career in post production. Roland created an international name for himself as an award-winning independent filmmaker. He co-created the long-running German TV series Bieder aus der Neuen Welt; accompanied former President Richard M. Nixon to China; and is on a first-name basis with Hollywood legends from Sean Connery to Liza Minnelli, with a "Hall of Stars" wall of framed pictures to prove it.

He also influenced Robert Redford to create several screening stages for digital work at the Sundance Film Festival -- an acknowledgement of the digital revolution in movie-making.

Last month, at ITVA-DC's annual PEER Awards Ceremony, Roland was one of three recipients of the 2003 Distinguished Achievement Award which saluted him as one of the mid-Atlantic production community's most notable members and recognized his role as an industry leader who has "helped to shape and define nearly four decades of film and video productions in the government, corporate, political and broadcast arenas," according to the press write-up in iCom Magazine.

Currently, Roland House employs nearly three dozen professionals known to excel in the field of High Definition and for their creativity and abilities to meet tight deadlines in a highly complex field – qualities that attract such devoted name clients as the Discovery Channel, PBS, National Geographic, Time-Life, as well as numerous political consultants, ad agencies, independent producers and a host of multi-national corporations.

The all-component, digital, NTSC and PAL, film and tape facility has seven AVID suites; six On-line suites; Design and Effects including 3-D animation and motion control; four digital audio suites – two with Surround Sound; a Foley stage; two film-to-tape suites; and two tape-to-tape suites. Roland House also handles quality control, standards conversion, duplication, rentals and open- and closed-captioning.

Roland House was the first in the region to acquire Sony, state-of-the-art High Definition digital cameras and helped Sony engineers – who invented high-definition technology – to expand the boundaries of their own product. They also worked with the Australian inventors of a certain type of Surround Sound equipment to further tweak the Aussie technology, and their innovations in slow motion were emulated by the team who made the 3-D Spy Kids III. Roland House was one of the first in the U.S. to install a high-definition editing suite and remains on the cutting edge of digital cinema with one of the few da Vinci 2K high-definition color-correctors in the country, engineers who continually test the limits of technology, and a talented team respected worldwide for its ability to make magic. -more-

"The buyer of Roland House will be the beneficiary of all this history, talent and reputation without having to synthesize it. If I were at a different stage in my life, I'd invest everything in the next generation of Roland House, but I'm seeking someone with a similar vision and financial abilities to take Roland House to even higher levels using the extraordinary launching pad we've created," says Roland, who is almost 76 and has operated the company as a family affair, although no other Rolands now are actively employed.

For more information about the sale and to receive a confidentiality agreement plus comprehensive due-diligence package, contact Tranzon's Stephen Karbelk at (703) 927-6838 or skarbelk@tranzon.com.

Tranzon LLC has 11 member companies that together conducted auctions, sealed-bid sales and liquidations in 32 states and the District of Columbia last year – figures that have grown in 2003. The network of professionals specializes in providing real estate, business asset, liquidation auction and accelerated marketing services to clients throughout the U.S. Tranzon increasingly is known for the diversity of its expertise in areas including the hotel industry, multi-million dollar corporate and trophy real estate, oil and automotive fields, agriculture, computers and telecommunications and more. As of today's date, Tranzon has 114 auction and sales listings in progress in 24 states. Visit the Tranzon website at www.tranzon.com.