RM ONLINE COLLECTOR CAR AUCTION

Pubished July 2nd, 2009

RM Classic Cars is leading the way in the collector car hobby by offering buyers and sellers of vintage and special interest automobiles a convenient and credible means of conducting business over the Internet with the production of its exclusive online auction, Sunday, August 9, 2009.

“We’re thinking outside the auction block,” said Dan Spendick, Consignment Specialist, RM Classic Cars, Inc. “RM’s 30 years of experience in the collector car hobby is being extended into the realm of e-commerce by offering our valued clients a cyberspace alternative to traditional auction venues.”

Benefits of RM Classic Car Online Auction:

- RM’s expert Car Specialists, providing a third-party assessment of each vehicle’s condition with verification of proper titles and ownership, promote confident bidding and buyer satisfaction;

- Detailed condition reports and extensive photography of each consignment are featured at www.rmauctions.com for consideration weeks in advance of the sale;

- Transactions are conducted from the comfort of home or office, and without the expense and time commitment of travel to a traditional auction venue;

- Consignors’ transportation costs are eliminated; and,

- RM offers successful bidders logistics assistance, including shipping and customs advice.

A varied collection of quality consignments from early brass-era cars up to the popular cars of the ‘50s, ‘60s and ‘70s, and including a few late-model exotics, will be presented for sale. Clients will use RM’s proprietary online bidding interface to take part in the auction action.

Early highlights of the sale include a stunning 1953 Cadillac Series 62 Convertible, a pristine 1976 Triumph TR6 with only 10,000 actual miles, a matching numbers 300-horsepower 1963 Chevrolet Corvette Split-Window Coupe, and a very rare and fully-restored 1941 Fargo Pickup.

For further information and full event details, please visit www.rmauctions.com or call 1-800-211-4371 (within North America) or +1 519 352 4575.


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Bidz.com Provides Update On Its Stock Repurchase Program

Pubished July 1st, 2009

Bidz.com, Inc. (Nasdaq:BIDZ) announced that during the second quarter ended June 30, 2009, the Company repurchased approximately 714,000 shares of the Company’s outstanding common stock, which represents the allowable limit under the rules for volume limitations and share repurchases, for approximately $2.5 million, at an average price of $3.50. Since the inception of the plan at the end of 2007, the Company has repurchased a total of approximately 2.9 million shares of its outstanding common stock in the open market for a total of approximately $17.0 million, at an average price of $5.85 per share. After the Company retires all of the shares it has repurchased to date, the total number of issued and outstanding Company common stock will be approximately 22.5 million.

The repurchases have been funded from available working capital and the Company has no debt as of June 30, 2009. The Company intends to continue repurchasing shares in the open market under the stock repurchase program. Under its existing repurchase program, the Company has approximately $16.5 million still available for additional share repurchase in open market transactions, subject to market conditions, share price, and other considerations.

“With the price of our stock continuing to trade below what we believe to be a reasonable valuation, our Board of Directors believe that the continued aggressive repurchase of our Company’s shares is an excellent use of capital,” said, David Zinberg, the Company’s Chairman and Chief Executive Officer. “The combination of our liquidity, profitability and our ability to successfully execute our business strategy gives us confidence that the continued repurchase of our shares will help to deliver long-term shareholder value.”

About Bidz.com

Bidz.com, founded in 1998, is a leading online retailer of jewelry. Bidz offers its products through at live auction format as well as a fixed price online retail store, Buyz.com. Bidz.com’s auctions are also available in Arabic, German and Spanish. To learn more about Bidz.com visit its website at www.bidz.com.


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Piece of New York Yankees History for eBay Auction

Pubished July 1st, 2009

Yankees-Steiner Collectibles, the exclusive provider of game-used memorabilia from the old and current Yankee Stadium, has teamed with Auction Cause, a premier auction management agency to offer fans the opportunity to own the sod where Yankees legends stood to say their final goodbyes to their beloved Stadium.

Stamped on the grass behind home plate, the Interlocking ‘NY” was an iconic element to the House that Ruth Built™. Yankee™ greats routinely walked by this logo en route to four World Championships in the 90’s. The interlocking NY was a signature piece of Yankee Stadium™, something that has been replicated in 2009 inside the new stadium across the street.

One lucky Yankees fan will win the legendary piece of real estate and transplant it into their own yard or local ball field. Painted on the actual 20″ x 20″ plot of sod from the area behind home plate, this one-of-a-kind item will come with the official Yankee™ interlocking NY stencil, white sod paint, lawn flag, special grass seed, and Yankees-Steiner Letter of Authenticity. Delea Sod Farms, the official sod farm of the NY Yankees™ will provide instructions to properly transplant the living sod and maintain it for years to come.

The auction will run on eBay from June 29th – July 9th and can be found by visiting http://www.ebay.com/yankeeslogo or http://members.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=steiner_sports

“The closing of the original Yankee Stadium marked the end of an era in sports history, but today is the beginning of an unprecedented opportunity for people throughout the world to own a piece of America’s past and the great Yankees tradition,” said Brandon Steiner, Founder and CEO of Steiner Sports. “For nine decades, Yankee Stadium was home to the most successful and glorious franchise in all of sports. Legendary heroes such as Babe Ruth, Lou Gehrig, Mickey Mantle, Yogi Berra, Joe DiMaggio, Reggie Jackson and Derek Jeter were a part of this beloved Stadium which can now live on in each fan’s household.”

“We are excited to give our great fans a chance to take home a piece of the Yankee Stadium legacy through this once-in-a-lifetime opportunity,” said New York Yankees Chief Operating Officer Lonn A. Trost. “These treasures allow the Yankees’ legacy to live on and provide fans with keepsakes they can pass along from generation to generation.”

Yankees-Steiner Collectibles, originally created in 2004, is a partnership between the New York Yankees and Steiner Sports to provide sports fans with unique access to New York Yankees memorabilia and experiences.

Proceeds from the online auction will benefit Family Services of Westchester. For 55 years, Family Services of Westchester (FSW) has stayed true to its mission: to make a difference in Westchester County…strengthening and supporting families and children at all stages of the life cycle. FSW’s Girls Group Home is designed for girls, between the ages of 13 and 21, who cannot for emotional or safety reasons remain in their own homes. An FSW staff member resides on the premises and provides the care and supervision of the residents. A social worker is assigned to the house and manages individualized support services for each youngster.

About Steiner Sports
For over 20 years, Steiner Sports has been the leader in developing and distributing authentic hand-signed and game-used sports collectibles. Steiner Sports is the official collectible company of the New York Yankees, Boston Red Sox, Dallas Cowboys, and universities such as Notre Dame, Alabama and Syracuse. The company has exclusive relationships with star athletes like: Derek Jeter, Dustin Pedroia, Eli Manning, Peyton Manning, Sandy Koufax, Mariano Rivera, Tony Hawk and many more. Steiner Sports has established a four part process to ensure the authenticity of all their sports gifts and collectibles. Additional items from the old Yankee stadium, including seats, stadium artifacts, sod and Monument Park bricks are available at www.steinersports.com or by calling 800-759-7267.

Steiner Sports is part of The Omnicom Group (NYSE: OMC) a leading global marketing and communications company.

About Auction Cause
Auction Cause is the leader in cause marketing campaigns, branding, and fundraising utilizing the eBay platform, generating more than 1 billion media impressions and counting. By integrating our clients’ campaigns with social media outreach using Twitter, Facebook, blogs, viral videos, and more, Auction Cause is able to tap an even wider audience. The results are brand loyalty, nonprofit enthusiasm, and celebrity buzz - all while raising serious money for causes. For more information, please visit http://www.auctioncause.com


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BigBidder.com® - Mortgage Note Auction Leader Reaches $100 Million Milestone

Pubished July 1st, 2009

With more than $100 million worth of loans for sale stretching across over 40 states, BigBidder.com®, the leading website for the online auction of mortgage notes, undoubtedly has the largest offering of individual notes in the country.

Since its launch, BigBidder® has facilitated the sale of millions of dollars worth of individual notes. With investors thirsty for new places to put their money, many have turned to mortgage notes as a means to invest in real estate without enduring the hassles of home ownership. And for those disappointed with the lackluster returns on traditional investments, mortgage notes can be a lucrative alternative investment, particularly at a time when many banks and mortgage holders are eager to unload their loans for pennies on the dollar.

Why invest in notes? As the owner of a mortgage note bought at discount, the return on investment can be realized by the monthly mortgage payments made by the borrower on the total loan amount. Although the idea of managing these payments can seem daunting to a note investor, BigBidder provides access to third party servicers that can manage these payments as well as the foreclosure process, if that ever becomes necessary.

“BigBidder.com represents a long-overdue opportunity for the general public to invest in mortgage notes,” states Paul Lyons, Senior Vice President, BigBidder.com. “It completely revolutionizes the playing field. Considering the state of the economy and the disappointing returns from traditional investments, BigBidder is a game changer that just can’t be ignored.”

Being the first-of-its-kind to bring what has traditionally been an investment opportunity only at an institutional level; BigBidder.com focuses on the individual buyer, providing tools to assist with the research necessary to make an informed decision. In addition, the eBay-like bidding process gives buyers a clear picture into the transaction. Unlike other purported “auction” sites, there are no back room negotiations; the experts at BigBidder act as facilitators between buyer and seller while ensuring a transparent auction process that is open to all qualified investors. At BigBidder.com, users can search for and bid on notes that fit their individual investment objectives.

To learn more about mortgage note investments, visit BigBidder.com.

BigBidder.com® —a member of the LFC Group of Companies

For more than 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. The company’s latest venture is the online auction of Notes.


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Rede Energia S.A. Announces the Results of its Modified Dutch Auction Tender Offer

Pubished June 29th, 2009

Rede Energia S.A., a Brazilian electricity holding company (”Rede”), announced today the results of its cash tender offer (the “Tender Offer”) for the maximum aggregate principal amount of its outstanding 11.125% Perpetual Notes (CUSIP No. 75734PAA7 and ISIN No. USP8001VAD84) (the “Notes”) that it can purchase for US$154,083,205. The Tender Offer was conducted in accordance with a modified “Dutch Auction” procedure, on the terms and subject to the conditions set forth in its Offer to Purchase dated June 1, 2009 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal,” and together with the Offer to Purchase, the “Offer Documents”). The Tender Offer expired at 12:00 midnight, New York City time, on Friday, June 26, 2009 (such time and date, the “Expiration Date”).

Rede has been advised by the depositary that, as of 12:00 midnight, New York City time, on the Expiration Date, of the US$575.0 million in aggregate principal amount of the Notes outstanding, US$78,404,000, or approximately 13.64%, had been validly tendered and not validly withdrawn pursuant to the Tender Offer. Rede has accepted for purchase all Notes validly tendered and not validly withdrawn pursuant to the Tender Offer.

On the Settlement Date (as defined in the Offer to Purchase), which is expected to be July 1, 2009, Rede (1) will pay holders who validly tendered and did not withdraw their Notes prior to or at 5:00 p.m., New York City time, on Friday, June 12, 2009, the Total Consideration (as defined in the Offer to Purchase) of US$530 for each US$1,000 principal amount of Notes, plus accrued and unpaid interest from the last interest payment date to, but excluding, the Settlement Date (the “Accrued Interest,” which is expected to be approximately US$27.50 per US$1,000 principal amount of the Notes), and (2) will pay holders who validly tendered and did not withdraw their Notes after 5:00 p.m., New York City time, on Friday, June 12, 2009, and at or prior to the Expiration Date the Tender Offer Consideration (as defined in the Offer to Purchase) of US$480 for each US$1,000 principal amount of Notes, plus the Accrued Interest.

Rede has retained Banc of America Securities LLC and Planner Securities LLC to act as dealer managers in connection with the Tender Offer. Questions regarding the Tender Offer should be directed to Banc of America Securities LLC at (888) 292-0070 (toll free) or (646) 855-3401 (collect from outside the United States), or Planner Securities LLC at (646) 381-7001 (collect from outside the United States). Copies of the Offer to Purchase and the related Letter of Transmittal may be obtained from Global Bondholder Services Corporation, the information agent for the Tender Offer, at (866) 804-2200 (toll free).


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