The Asset Store

Baltimore, MD – January 8, 2007 – The Asset Store, LLC, the industry leader in harnessing technology to buy and sell assets, today announced that it has secured its Series-B round of financing. Ruxton Ventures, a Washington, DC based venture capital firm, made the investment and managing director, Mark Walsh, has joined the board of directors of The Asset Store.

The Asset Store was founded in 2004 with the goal of revolutionizing the way in which companies buy and sell unwanted assets. By utilizing cutting edge technology and a top flight sales team, The Asset Store has created the world’s most efficient marketplace for buying and selling unwanted assets for both small and large companies throughout the world. The Asset Store focuses its growth in the Hotel and Heavy Equipment verticals.

In addition to its asset brokerage divisions, The Asset Store operates Overstock Outlet, LLC and TAS Logistics, LLC. Overstock Outlet is a 15,000 square feet furniture store located in Baltimore City, MD. Overstock Outlet sells liquidated hotel and office furniture. TAS Logistics is a transportation logistics company that operates a tractor trailer fleet of 10 owner operators and a freight brokering division.

“Adding Mark Walsh to our board of directors will have a tremendous impact on our bottom line,” said Dan Shuman, The Asset Store’s CEO. “Mark’s experience in working with young companies and guiding them through explosive growth is second to none. Mark joins our current investor and board member, John Ferber, (co-founder of advertising.com which was sold to AOL for $495 million) to assist The Asset Store realize its full potential of being the leading asset brokerage firm in the world.”

Mark Walsh had the following to say about his investment in The Asset Store, “My investing activities have brought me in front of a lot of entrepreneurs. I don’t remember seeing such focus and commitment as I have seen from Dan Shuman and Brad Bondroff at theAssetStore. I believe in their business, its scalability and its nimbleness. But, I also believe that the leaders of this company will increase market penetration, market breadth, product offerings and shareholder value. I look forward to participating as a director, and know it will be one heck of an experience to be part of their growth.”

About Ruxton Ventures, LLC
Ruxton Ventures is a Washington, DC based private-equity firm that invests in technology, media and education companies. Mark Walsh is the managing director of Ruxton Ventures.
www.RuxtonVentures.com

About The Asset Store, LLC

The Asset Store, LLC, is a leading provider of services that facilitates asset owners with the selling of their assets through The Asset Store's transportation, warehousing, and distribution network.

This process allows asset owners to quickly get their assets off of their property and into The Asset Store’s advanced, technology driven distribution network that will maximize its value.