Ritchie Bros. announced the initial release of a new online equipment marketplace called Ritchie Bros. EquipmentOne.

complementary to the company's unreserved auction business, Ritchie Bros. EquipmentOne is a secure online marketplace for equipment and materials. Buyers and sellers can use Ritchie Bros.

EquipmentOne to negotiate, complete and settle their transactions in a safe and transparent environment. Core marketplace functionality has now been released and enhancements are being made on an ongoing basis; the next major release and full commercial launch is scheduled for the second quarter of 2013. Ritchie Bros.

EquipmentOne was developed by building on the AssetNation platform and solutions platform for surplus and salvage assets, which was acquired by Ritchie Bros. in May 2012. With this initial launch, AssetNation's large corporate customers are now selling their equipment and materials on Ritchie Bros.

EquipmentOne. With the subsequent launch in the second quarter, additional functionality will be released and a broader range of sellers will be welcomed onto the Ritchie Bros. EquipmentOne marketplace.