MONCOFA, SPAIN, July 7 /PRNewswire-FirstCall/ — Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, conducted the largest Spain auction in company history last week, selling (euro)20 million (US$32 million) of used and unused heavy equipment and trucks over two days (July 3 & 4, 2008). The unreserved public auction at Ritchie Bros.’ new Moncofa, Spain auction site attracted more than 700 bidders from 47 countries, both in person and over the internet. Out-of-country buyers from as far away as Australia, Romania and South Africa purchased (euro)12 million (US$19 million) of equipment in the auction (60 percent).
“The quality and quantity of equipment in this auction attracted bidders from all over the world, helping us achieve very strong prices on both construction and transportation equipment,” said Jeroen Rijk, Ritchie Bros. Divisional Manager. “The economy in Spain has been quite slow for several years and equipment owners have had difficulty selling their surplus equipment through private sales. Not only did we help our local consignors sell thousands of surplus equipment items, we helped them achieve higher returns by bringing in buyers from other countries, especially the Middle East, Northern Africa and elsewhere in Europe.”
The unreserved public auction featured almost 1,800 used and unused equipment items for the construction, transportation, material handling and other industries. Among the equipment sold: 48 wheel loaders, 30 hydraulic excavators, 53 loader backhoes, 36 skid steer loaders, 72 dump trucks, 105 forklifts, 83 telescopic forklifts, 68 rough terrain forklifts and 61 truck tractors.
Ritchie Bros. was established in Canada in 1958 and has been conducting regular unreserved industrial auctions in Spain since 2000. The July 3 & 4 auction was the Company’s first auction at its new site in Moncofa (between Valencia and Castellon), one of 38 Ritchie Bros. auction sites around the world. The Moncofa regional auction unit replaces the Company’s regional auction unit in Sagunto, near Valencia.
“Our new auction site in Moncofa is good for our customers and good for Ritchie Bros.,” said Mr. Rijk. “It’s twice the size of our former auction site in Spain, which will enable us to accept more consignments and offer our customers a greater selection of equipment and a higher level of service at our upcoming unreserved public auctions.”
About Ritchie Bros.
Established in 1958, Ritchie Bros. is the world’s largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The company sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The company maintains a web site at .
Investors and potential investors should note that this information may not be indicative of the overall financial performance of the company for this or any period.
CONTACT: Kim Schulz, Corporate Communications Manager, Ritchie Bros. Auctioneers, Mobile: (604) 788-5379 or email: Or Jeroen Rijk, Divisional Manager, Ritchie Bros. Auctioneers, Moncofa auction site tel: 34-962-698-500
Ritchie Bros. (Spain)

ELKHART, Ind., June 16 /PRNewswire-FirstCall/ — Patrick Industries, Inc. announced it completed the sale of its idle Fontana, Calif. facility. As a result of the sale, Patrick expects to report a pre-tax gain of approximately $4.1 million in its second quarter 2008 results. The Company will use the estimated net proceeds from the sale of approximately $5.6 million to reduce borrowings under its senior credit facility.
The building that was sold formerly housed Patrick’s west coast molding division. In 2007, Patrick consolidated the molding division into its custom vinyls facility, which is also located in Fontana. The consolidation was part of Patrick’s multi-phase integration effort following the acquisition of Adorn, LLC in May 2007.
About Patrick Industries
Patrick Industries, Inc. () is a major manufacturer of component products and a distributor of building products serving the Manufactured Housing, Recreational Vehicle, kitchen cabinet, home and office furniture, fixture and commercial furnishings, marine, and other Industrial markets and operates coast-to-coast through locations in 14 states. Patrick’s major manufactured products include cabinet and wall components, countertops, adhesives, and aluminum extrusions. The Company also distributes drywall and drywall finishing products, interior passage doors, flooring, vinyl and cement siding, ceramic tile, high-pressure laminates, and other miscellaneous products. In May 2007, Patrick acquired Adorn, LLC, a manufacturer and supplier of interior components to the recreational vehicle and manufactured housing industries.
Forward-Looking Information
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities for existing products, plans and objectives of management, markets for the Company’s common stock and other matters. Statements in this press release that are not historical facts are “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act. Forward-looking statements, including, without limitation, those relating to our future business prospects, revenues and income, wherever they occur in this press release, are necessarily estimates reflecting the best judgment of our senior management at the time such statements were made, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by forward-looking statements. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. You should consider forward-looking statements, therefore, in light of various important factors, including those set forth in this press release. There are a number of factors, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include pricing pressures due to competition, costs and availability of raw materials, availability of retail and wholesale financing for manufactured homes, availability and costs of labor, inventory levels of retailers and manufacturers, levels of repossessed manufactured homes, the financial condition of our customers, interest rates, oil and gasoline prices, the outcome of litigation, volume of orders related to hurricane damage and operating margins on such business, and adverse weather conditions impacting retail sales. In addition, national and regional economic conditions and consumer confidence may affect the retail sale of recreational vehicles and manufactured homes.
Patrick Industries, Inc.

BELLINGHAM, Wash., April 17 /PRNewswire-FirstCall/ — Essential Innovations Technology Corp. (OTC Bulletin Board: ESIV; FRANKFURT: E6S) is pleased to provide this corporate update to its shareholders and the investment community at large.Stated Jason McDiarmid, President/CEO, “When last we reached out to the marketplace with an organizational update in May of 2007, we provided guidance that the Company had found it necessary at that time to make certain substantive changes particularly focused towards our Geoexchange contracting subsidiary company Earth Source Energy. With this in mind, over the course of the remainder of the year of 2007, Earth Source Energy was able to successfully complete and commission a number of large Geoexchange project applications it had under contract for that period. As example, the Company completed sizeable geothermal loop-field installations at the Black Rock Resort project, in Ucluelet, BC, the Quest University project in Squamish, BC, and of particular importance, at the Wakefield Beach luxury town home project in Sechelt, BC.The Company had been contracted by Wakefield Beach Homebuilders with the exclusive right to provide complete Geoexchange heating and cooling systems and ongoing geothermal services to each of the 31 residential properties in Phase One at the Wakefield Beach project. On completion of the project by Earth Source Energy in the summer of 2007 a large utility provider purchased from us the geothermal loop-field system that we had sold and installed at the Wakefield site, for a cash payment of $380,000 CAD. Further, we were also the exclusive provider of the geothermal heat pump or Geoexchange equipment and distribution system used in each of the homes, such contract also completed in the same summer of 2007. The total contract value paid to us from Wakefield Beach Homebuilders over the duration of the contract to exclusively provide the geothermal heat pump equipment and building distribution systems, was $515,000 CAD. At present day, we now continue to remain the sole and exclusive provider of the ongoing maintenance of all of the Geoexchange equipment that services the entirety of Phase One of the site.With Earth Source Energy now currently re-structured to operate in a project design, consultation and management capacity, with a primary interest in the facilitation of ESCO projects in excess of $500,000 cost base, rather than as a typical full-scale contracting business, it allows us to dedicate the majority of our time and internal resources to truly focus on the manufacturing and distribution opportunities presently available for the Geoexchange equipment provided by our core manufacturing business.Today, we are driven to the production, network expansion and ensuing training and dealer support for our proprietary geothermal heat pump technology, with such goal being supported by our supplementary business segment capable of providing unique financing options for long-term geothermal loop-field infrastructure installation and management alongside our financing partners — these distinct objectives are representative of our overall business organizational model, and they place us in a unique position in the Geoexchange industry set.With the sales and promotion of our Geoexchange heat pump technology forming the basis of our overall business direction, we are happy to report that we are currently in promising discussions and negotiations with certain parties seeking product exclusivity for specific regions of Canada and the USA, whilst we also are engaged in on-going negotiations to allow us to establish manufacturing capabilities in overseas markets in the next 18 - 24 month period. In this regard, we are in talks with government agencies in Canada, the USA, and Asia, as to providing financing assistance to help our Company with the set-up of such an international manufacturing operation. We are totally determined to continue to develop such global manufacturing & distribution initiatives, while at the same time remaining active in the consultation and design assistance necessary for many residential and commercial mixed-use subdivision projects in the North American, Middle Eastern and Asian marketplaces for which we are engaged. Such projects all have sincere interest in the ESCO project structure we offer, whether as a joint venture or simply to have a third-party financing capability provided through our Company or our select financing associates.On this day, all of the Board, the management, and the employees at Essential Innovations remain ever confident that should we now continue to be able to execute on our goals and objectives on a going forward basis, that the Company and the enduring shareholders of ESIV will achieve a strong return on investment over the long-term.”Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a Geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.Geoexchange technology harnesses the earth’s clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to “exchange” the earth’s natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth. Forward-Looking StatementsThis news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word “believes,”"anticipates,”"expects,”"plans,”"intends,”"designs,”"projects” or similar language, as well as statements regarding consumer or marketplace acceptance of the Company’s new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations’ products; initiatives undertaken by the Essential Innovations’ divisions; the Company’s research, manufacturing and facilities expansion programs; and the Company’s growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no absolute assurance that such belief, plans, expectations or intentions will prove to be completely accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission. Essential Innovations Technology Corp.