CALIFORNIA STOLEN COMPUTERS SOLD AT AUCTION PropertyRoom.com -- The Online Auction Marketplace -- Receives Record Large Shipment of Seized, Stolen and Retired Computer Equipment and Jewelry

PropertyRoom.com -- The Online Auction Marketplace -- Receives Record Large Shipment of Seized, Stolen and Retired Computer Equipment and Jewelry

MISSION VIEJO, Calif.--(BUSINESS WIRE)--April 12, 2006--Crime doesn't pay. But it pays to look for great bargains on computers and jewelry this month on PropertyRoom.com -- courtesy of one of the nation's largest cities. PropertyRoom.com has received its largest-ever shipment of seized, stolen and retired computers and assorted jewelry in its six-year history this week at its Los Angeles processing center -- and that is good news for shoppers.

"We cannot disclose the city that is sending these our way, but we have received a massive delivery of computer towers, monitors and peripherals this week," said Tom Lane, founder and chairman of PropertyRoom.com. "We are expecting over 90 pallets of computer equipment in total, as well as boxes of jewelry, and we have had to add temporary space to our Los Angeles processing center to accommodate it all."

The merchandise has already begun to hit the site; however, the bulk of it will appear up for auction on April 11, 2006.

PropertyRoom.com has contracts with over 600 police departments and municipalities in 39 states to dispose of seized, stolen and retired merchandise via online auction at http://www.propertyroom.com.

"We often get massive shipments from our police department clients, but nothing like this," added Lane. "Our site is known for great bargains, and with the sheer volume of merchandise coming in, our bidders can expect to get truly amazing deals on this jewelry, computer equipment and other merchandise."

PropertyRoom.com, a direct competitor with eBay, Overstock.com Auctions, Ubid.com, and Yahoo.com in the online auction space, operates processing centers in New York, Los Angeles, Seattle and Orlando. The processing centers serve as regional collection points for thousands of items collected from police departments and municipalities nationwide, which are then auctioned online at http://www.propertyroom.com.

About PropertyRoom.com

PropertyRoom.com is the only web-based, full-service auction provider serving the law enforcement community in the United States. Using a nationwide logistics, warehousing and online auction system, PropertyRoom.com vastly increases the net realization to its clients by increasing the bidding audience to millions, rather than hundreds, and by substantially reducing the costs and headaches of dealing with unclaimed, forfeited and excess property. For information, please visit http://www.propertyroom.com.