FOR IMMEDIATE RELEASE APRIL 19, 2005 Contact: John Wong (866)977-4879 SALVAGE TRADER™ ANNOUNCES LOWER FEES AND ENHANCEDAUCTION FEATURES. VANCOUVER, BC, April 19, 2005 Salvage Trader™ announces switch to lower fee auctions .The announcement comes just a few days after extensive enhancements were made to the Salvage Trader™ salvage auction. Both measures were put in place by Salvage Trader™ management as part of a well orchestrated effort to increase market share. Salvage Trader™ is the worldwide salvage auction and since its inception has been a technological leader in salvage auctions to serve the insurance, and recycling industries. The enhancements come at a critical time, and directly address the needs of the fragmented insurance and salvage industries, which have been struggling to find more efficient ways to conduct business and lower the costs of conducting transactions. Thanks to the recently announced membership plans and technology upgrades, salvage buyers and sellers will have access to effective new options which will help them communicate and conduct business with each other through the Salvage Trader™ auction. As a result of these changes, participants will directly benefit from lower costs,and expanded features which will allow for better communication, and lowered transaction costs for both buyers and sellers. Participating sellers have long used the Salvage Trader™ Auction to market their individual salvage lots as well as industrial salvage assets . Buyers have the convenience of searching the Salvage Trader™ database for individual items, inventories, and browse or bid on items they wish to purchase. In addition, the newly re-engineered online auction allows for buyers to post wanted ads for the items they are interested in purchasing, and suppliers. John Wong, who is the President of Public Relations for Salvage Trader™ explains that sellers such as insurance companies and salvage resellers, gain significant exposure from a marketing standpoint. The Salvage Trader™ auction is actively promoted to salvage buyers, and provides a valuable meeting place for the recycling industry to conduct business. For more information, visit the Salvage Trader™ auction at www.salvagetrader.com

Salvage Trader™ announces switch to free services and salvage auctions over the holidays to coincide with important updates to the auction service being offered by Salvage Trader™ .The announcement comes just a few days after extensive enhancements were made to the Salvage Trader™ salvage auction site. These measures were put in place by Salvage Trader™ management as part of a well orchestrated effort to increase market share into the new year. Salvage Trader™ is the worldwide salvage auction and since its inception has been a technological leader in salvage auctions proudly serving the insurance, and recycling industries. The enhancements come at a critical time, and directly address the needs of the fragmented insurance and salvage industries, which have been struggling to find more efficient ways to conduct business and lower the costs of conducting auctions. Thanks to the recently technology upgrades, members will have access to effective new tools which will help them communicate and conduct business with each other through the Salvage Trader™ auction. As a result of these changes, participants will directly benefit from lower costs, and expanded features which will allow for better communication, and lowered transaction costs for everyone involved. Participating members have long used Salvage Trader™ tools to auction their individual salvage lots as well as industrial salvage assets . Buyers have the convenience of searching the Salvage Trader™ directory, and bidding on items directly online via the auction. In addition, the newly re-engineered online auction allows insurance companies and recyclers to gain significant benefits by auctioning their salvage lots with Salvage Trader™ auction technology . The Salvage Trader™ auction is actively promoted to salvage buyers, worldwide, and provides a valuable forum for the recycling industry to conduct business and interact with one another. Salvage Trader™ also specializes in providing wholesale and retail store services for salvage merchandise, salvage transportation, storage, and logistics, as well as management and recovery services. Salvage Trader™ is known as a pioneer in the field, connecting the salvage industry thanks to advanced chat communication technologies, and online communication tools which allow its members communicate effectively, and freely.

For more information, visit the Salvage Trader™ auction and forum at www.salvagetrader.com