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| | Webcast and On-line Auctions The majority of Maynards' auctions are held on-site with a simultaneous webcast over the Internet. The simultaneous webcast service allows Maynards to reach a much larger, global audience and allows local buyers to bid from the comfort of their offices. Due to the increase in popularity of on-line buying, we regularly find that over 20% of any particular auction's sales are conducted over the Internet. Maynards also regularly holds on-line auctions. This medium is particularly useful when a client has a few individual pieces of equipment located in numerous locations around the world. Shipping a few items to a central location to hold an on-site auction is not always cost efficient. As employees' time is at a premium and maximizing cash flow is critical, having a local plant dispose of surplus assets may not be maximizing the return on the company's resources. With the use of an on-line auction, however, a company can quickly turn surplus assets into needed cash without disrupting employees' routines. © 2006 Maynards Industries Ltd. All rights reserved. |