AssetNation, Inc. Appoints Dave Dawson as Chief Executive Officer

2/16/2009

Enterprise Technology and Supply Chain Veteran to Lead SalvageSale and AssetAuctions Divisions


HOUSTON – February 13, 2009 – AssetNation, Inc, the leading provider of asset acquisition,
utilization and disposition solutions for a variety of industries including insurance, manufacturing, energy, retail and supply chain, announced today that Dave Dawson will lead the company as CEO.

A seasoned executive with more than 20 years working with supply chain, procurement, and
technology enabled auction platforms; Dawson brings a wealth of expertise to the AssetNation team and its global network of customers. Dawson will provide oversight, direction and leadership to AssetNation’s business lines including SalvageSale and AssetAuctions.

“I’m excited to join a company with AssetNation’s solid reputation, dynamic team and committed customers. I look forward to helping our customers improve bottom line results by implementing corporate asset and salvage management solutions.” said Dawson.

Prior to joining AssetNation, Mr. Dawson was an executive at DELL where he was responsible for inbound supply chain strategy, supply chain services and a global sourcing organization that managed $45 billion in online commerce. Prior to joining Dell he was the Vice President of Global Sourcing Services for Ariba-FreeMarkets where he led teams in Asia, Europe and the Americas executing $35 billion of online auctions. A former Lieutenant Commander in the US Navy and technical engineer, Dawson is an accomplished international executive with more than 20 years of senior leadership experience in a variety of global organizations.

“Dave possesses the right combination of global executive management experience and supply chain acumen that will be essential to strengthening and grow the company,” said Sean White, Partner with Spire Capital. “He will provide rigor around AssetNation’s business processes and go-to-market strategy by applying a disciplined focus on our clients’ needs.”

AssetNation comprises some of the strongest brands in the online e-commerce community, including SalvageSale, SalvageSale Ltd (UK), AssetAuctions and AssetAuctions de Mexico.

About AssetNation, Inc.
AssetNation, Inc. is the leading provider of asset acquisition, utilization and disposition solutions for a variety of industries including insurance, manufacturing, energy, retail and supply chain. We help organizations accelerate bottom line results by better managing their corporate assets and salvage programs. More than 50,000 registered buyers come together to bid and buy industrial assets across our 4 online properties: SalvageSale, SalvageSale Ltd, AssetAuctions, and AssetAuctions de Mexico.

AssetNation is headquartered in Houston, with offices in Pittsburgh, New York, Chicago, St. Louis, Detroit, Los Angeles, Phoenix, Tampa, Jacksonville, Austin, Mexico City and London. The company also has global representatives in Singapore, Antwerp and Rotterdam. Visit www.SalvageSale.com, www.SalvageSale.co.uk, or www.Asset-Auctions.com for more information.

About Spire Capital Partners
Spire Capital Partners is an active and experienced private equity firm founded in 2000 with
approximately $600 million in assets under management. Spire partners with exceptional
management teams to invest in small market companies within the business services, information services, media and communications sectors. Since its founding, Spire has successfully made investments in over 25 portfolio companies which include AssetNation, SkyMall, Professional Bull Riders (PBR), Sonitrol and others. The firm is headquartered in New York City. Visit www.spirecapital.com for more information.

 Dave Dawson Press Release.pdf