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Auction Industry Delegation From China Meets for Express Auction Services Following Permanent Trade Status Approval.


Business Editors/Hi-Tech Writers

BALTIMORE--(BUSINESS WIRE)--June 16, 2000

Express Auction Services Confirms Dialogue With Chinese Counterparts

Express Auction Services, a leader in real estate auction and asset remarketing for over 25 years, hosted a delegation of top officials from the auction industry of China as well as representatives from the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
.

The meeting was arranged by Triway Enterprise, Inc., an Arlington consulting group recognized by the Chinese Government as leader in bridging the cultural and commercial gap between China and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Express Auction was selected by Triway Enterprise, Inc. because of its reputation as a pioneer in the field of auction marketing including the development of realtor Realtor

In the United States a designation used to describe a member of the National Association of Realtors (NAR).

Notes:
The term "realtor" is a registered trademark and encompasses agents, brokers and associates who are members of a real-estate firm associated with
 co-ops and using the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 as a new venue for selling real estate and personal property. Express Auction Services was also the first auction house to use the Internet to conduct online governmental surplus auction for the City of Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. .

The Chinese delegation was particularly interested in the marketing of real estate auctions for both onsite and online selling. Learning how Express Auction Services works with both brokers and individual homeowners and deals with the challenges of marketing assets to a global audience were also topics of great interest to the Chinese delegation.

"Express Auction is very enthusiastic to work with Chinese Auctioneers to develop a partnership that will benefit our global community. With our experience and innovation, Express Auction is primed for a successful venture with our Chinese counterparts," remarks Larry Makowski, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Express Auction Services.

The two-hour meeting took place onsite at Express Auction's office in Baltimore City. With the use of an interpreter A high-level programming language translator that translates and runs the program at the same time. It translates one program statement into machine language, executes it, and then proceeds to the next statement. , representatives from the Ministry of Internal Trade P.R.C., Beijing Real Estate Exchange, Xiamen International Commodity Auction Center, Beijing Auction Trading, Yan Tai ChuanHui Auction Co., Ltd., and Guang Dong Hua Yue Auction Market inquired about western auction practices and possibilities for a cooperative venture.

Cheryl C. Wei, Project Coordinator from Triway Enterprise, Inc., stated, "...the visit was very exciting and successful. The delegation obtained valuable information....and the experience that they learned will be definitely conducive con·du·cive  
adj.
Tending to cause or bring about; contributive: working conditions not conducive to productivity. See Synonyms at favorable.
 to their work back in China....we are looking forward to our future cooperation."

For more information on this meeting or to learn how Express Auction Services, Inc. can be of benefit to your organization, please contact Mary Alders at 800/886-4333 or send email inquiries to malders@expressauction.com
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Publication:Business Wire
Date:Jun 16, 2000
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