Richmond, VA January 2004: Michael C. Walters has been elected to the management committee of Tranzon LLC, one of the nation’s fastest-growing accelerated marketing and auction companies.

Headquartered in Richmond, VA, Tranzon LLC has 11 member companies and 22 offices across the U.S. Unlike many national auction and accelerated marketing firms that operate out of one or only a limited number of offices, Tranzon has a strategy centered on a team of professionals across the U.S. operating in the regional markets they serve. This local-national strategy provides Tranzon clients with the benefits of regional expertise supported with the resources of a national company with a proven track record of generating high numbers from the auctions they handle.

Tranzon's executive committee, which is comprised of all Tranzon partners and functions as its board of directors, elects the management committee members. The four-member management committee oversees the day-to-day activities of Tranzon plus implementation of its business plans and policies.

Tranzon’s president is a fixed member of the management committee. Other elected members serve three-year terms.

Walters became affiliated with Tranzon in November of 2001, operating Tranzon Walters from offices in Irvine, CA. At the end of 2002, Tranzon Walters and Remarketing Associates, an Agoura Hills, CA-based company headed by Jeff Tanenbaum, merged to form Tranzon Asset Strategies and creating a strong Tranzon base on the West Coast. Both Walters and Tanenbaum are senior partners of Tranzon Asset Strategies

"A second - generation auction professional, Mike has been a pioneer in the area of real estate auctions in California. Tranzon's West Coast expansion under Mike's leadership has been fabulously successful -- far exceeding our expectations. In light of how important the Western U.S. has become to Tranzon, we needed to have West Coast representation at the management committee level. With the depth of his industry expertise and commitment to client service, Mike is the perfect addition to our management committee at this stage of our growth,” says Levin.”

Walters began his auction career in 1973 and has executed hundreds of auction sales of real estate, telecommunications equipment, and other business assets throughout the west and southwest. He has specialized knowledge in asset disposition, providing services to individuals, developers, corporations, financial institutions, bankruptcy courts and governments. In addition to holding a bachelor of business administration degree from the University of North Texas, Walters completed graduate studies in real estate appraisal and finance at Southern Methodist University and pursued graduate – level studies in environmental issues in real estate. A licensed California real estate broker, Walters is a graduate of the Certified Auctioneers Institute (C.A.I.), a designation program offered through the Auction Marketing Institute (A.M.I.). He also holds an accredited senior appraiser designation (A.S.A.) with the American Society of Appraisers and is a licensed and bonded auctioneer in California, Texas and Florida. Professional affiliations include the following: National Auctioneers Association; Certified Auctioneers Institute; American Society of Appraisers; California State Auctioneers Association; National Association of Realtors; California Association of Realtors; California Bankruptcy Forum; California Receivers Forum; and the Turnaround Management Association In addition to Walters and Levin, Tranzon’s two other management committee members are Steven I. Fox, who heads Tranzon Fox’s Tidewater region and is based in Virginia Beach, VA; and Thomas W. Saturley, who runs Tranzon Asset Properties from a base in Portland, ME.

Walter Driggers, who recently completed his term on Tranzon’s management committee, works the Central Florida region as head of Tranzon Driggers in Hernando, FL. He continues to serve as Tranzon’s director of training.

Says Levin, "I would like to take this opportunity on behalf of the entire Tranzon team to thank Walt for his three years of service on the Management Committee. He was integral to the successful founding of Tranzon and the success we have enjoyed in our first three years."

Tranzon professionals specialize in providing real estate and business asset and liquidation auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S. Learn more about Tranzon at www.tranzon.com