SOURCE: Cowan Alexander

June 01, 2006 12:00 ET

Cowan Alexander Web Auction Offers Bargains on Modern Biotech and Pharmaceutical R&D Equipment From CEPTYR

Lab Auto Workstation, Emrys Optimizer Personal Chemistry Station, Fluorescence Microscope System, HPLC's, and a Genetic Analyzer, Are Among the Surplus Items to Hit the Auction Block June 15

BOTHELL, WA -- (MARKET WIRE) -- June 1, 2006 -- National technology auction and strategic capital recovery firms, Cowan Alexander, LLC and Asset Reliance International announced the opportunity to bid on surplus state-of-the-art biotech and pharmaceutical research and development equipment via a nationwide Webcast auction June 15, 2006.

CEPTYR, a pharmaceutical company dedicated to developing drugs that battle diabetes and obesity, is selling 30,000 square-feet of excess analytical, separations, synthesis equipment, LC/MS instruments and general lab and office equipment.

"Buyers interested in purchasing biotech, pharmaceutical, lab or even general office furniture and equipment will be very enthusiastic because late-model equipment of this quality and condition rarely hit the secondary market," said Don Cowan, president of auction firm Cowan Alexander. "This Webcast auction represents a tremendous buying opportunity for startups, universities and mature biopharmaceutical firms."

The CEPTYR auction will take place June 15, 2006, at 11 a.m. PDT at 3830 Monte Villa Pkwy. Suite 200 Bothell, Wash. 98021. Items will be accessible for preview and inspection at the same location on June 14 from 9 a.m.-4 p.m. and June 15 from 9 a.m.-11 a.m.

The auction will be Webcast nationwide. Interested buyers can bid live on site or via the Internet. Photos and information about the auction are available online at www.cowanalexander.com.

A complete catalog including photos will also be posted 24 to 48 hours prior to the auction at www.cowanalexander.com.

Additional equipment for sale includes Varian AS400 NMR with Oxford magnet, Thermo Finnigan Deca XP mass spec, lab auto workstation, Criterion Analyst, Perkin Elmer 1450 Trilux and Microbeta Scintillation systems, Nikon Ferrante E1000 fluorescence microscope system, Dionex and Waters Semi Prep HPLC's, BD Sciences FACS Calibur, a genetic analyzer, an auto pipetting system, Perkin Elmer AMP 8B02 multiprobe liquid handling system, and a microplate spectrophotometer. Also available are glass washers, autoclaves, fume and bio hoods, rotovapors, centrifuges, power supplies, refrigerators, incubators, cubicles, office equipment, furniture and computers.

Don't miss this tremendous opportunity to bid on state-of-the-art biotech and pharmaceutical equipment.

About Cowan Alexander & Asset Reliance International

Cowan Alexander, LLC and Asset Reliance International are the nation's leading technology auction, capital recovery and valuation companies. Both companies provide custom-tailored asset disposition and valuation services to technology investors, lenders and technology companies. This experienced team of professionals has successfully sold more than $1 billion in assets and has completed more than 1,000 valuation assignments worldwide. For more information, visit www.ar-int.com or www.cowanalexander.com.