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Yellow Tag Auctions to Conduct Online Auction of LifeStone Materials Assets on November 14-16

Contact: Michael Frate
Yellow Tag Auctions, LLC
(562) 618-4087
mfrate@yellowtagauctions.com
www.yellowtagauctions.com

FOR IMMEDIATE RELEASE

Yellow Tag Auctions to Conduct Online Auction of LifeStone Materials Assets on November 14-16

November 10, 2011

Spartanburg, SC — LifeStone Materials, a state-of-the-art aramid fiber and ballistic fabric weaving facility, has retained Yellow Tag Auctions of Spartanburg, South Carolina to conduct an online auction of all manufacturing assets within its facility at 99 Roush Street, Anderson, South Carolina.

The online bidding will open on November 14 at 8:00 am (EST) and will conclude on November 16 at 10:00 am (EST). Items, including weaving, finishing and support equipment, will be offered by the individual lot and then in bulk. Bidders can preview, register, and bid on LifeStone’s equipment at www.yellowtagauctions.com.

LifeStone Materials, an ISO 9001:2008-certified company formed in May 2007, produced fabrics (including 3000 denier) used in high-performance, protective technologies, including those for the military and law enforcement.

Yellow Tag Auctions is pleased that LifeStone Materials selected it to manage this online auction. “We handle auctions of all sizes, from individual pieces of equipment and vehicles to entire plants, but our strong background in the global textile marketplace, along with our attention to detail on individual pieces, made us the ideal choice for this opportunity,” said Yellow Tag Auctions Vice President Bob Ashworth.

Julianne Crawford, current administrator of the LifeStone Materials business, said, “Yellow Tag has brought a comprehensive solution and global reach together with technology and expertise for the resale of equipment.”

Yellow Tag Auctions is a licensed, full-service online auction firm that works with businesses, financial institutions, and government entities to turn unwanted equipment assets into working capital. One of a handful of companies in the Southeast offering a turnkey approach to asset management, Yellow Tag Auctions can provide asset liquidation—from valuation to shipment—in as little as 45 days.

For more information, please contact Michael Frate at (562) 618-4087 or mfrate@yellowtagauctions.com.

About Yellow Tag Auctions, LLC
Backed by 20 years of experience in industrial resale and grounded in a foundation of integrity and customer satisfaction, Yellow Tag Auctions, LLC is a full-service, online auction house for industrial, commercial, and government buyers and sellers, offering tailored, turnkey solutions for purchasing, selling, and asset and inventory monitoring. For more information, visit www.yellowtagauctions.com.

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