MEMBER OF:

National Auctioneers Association

American Society of Appraisers

Auction Marketing Institute

Manufacturing Jewelers & Suppliers of America, Inc.

Massachusetts State Auctioneers Association

Certified Appraisal Guild of America

American Bankruptcy Institute

October 12, 2004

Mr. John Economou, President

Lu-Johns Bidder Central.com

127 Eagle Street

Pittsfield, MA 02101

Dear John,

I believe that good work should be rewarded and bad work ignored. I am writing to you

to reward you and your electronic bidding platform with a "Job Well Done". As you

know, we employed your electronic bidding platform during our two day Receiver's Sale

by public Auction for Guild Drilling Co,. Inc. This Auction was held in East Providence,

RI over two days, August 31 and September 1, 2004. As you know, it was a great success.

The internet bidding that went on during the auction was a large part of the success of the auction. The

internet bidding that we had was so smooth, uninterrupted and spirited is a great testimonial to your

product. The on line bidding added a great deal of excitement to the live auction bidding.

Your online bidding package should be Standard Operating Procedure for all auctions,

regardless of size. I will make it a part of our auction process!

Great Job! Thanks!

Very Truly Yours,

Michael Salvidore Jr., President

Salvidore Auctions & Appraisals, Inc.

Pawtuxet Industrial Park

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100 Bellows Street, Building 13

.

Warwick, RI 02888

401.941.7451

.

Fax401.941.8345

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auctions@siaai.com

.

www.siaai.com

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