Hilco Industrial and Rabin Worldwide Announce: Bankrupt Assets of Orius Telecommunications to be Sold at a Series of Public Auctions!

FARMINGTON HILLS, Mich. -- Huge Offering of Late Model Construction, Trucks and Cabling Equipment, Western and Great Lakes Regions, Beginning April 20th

Hilco Industrial and Rabin Worldwide, along with Schatz Underground, have completed the purchase of substantially all of the assets of Orius Telecommunications, a nationwide underground telecommunications installer. While Schatz intends to continue the Orius business out of Orius' former Villa Ridge, MO and Reno, NV locations, Hilco and Rabin are conducting a series of public auctions of the bulk of Orius' assets at auctions in Minneapolis, MN; Nampa, Idaho; and Clackamas, OR. Over 1000 lots of construction equipment will be available.

In advance of the public auctions, Rick Hope, Senior Operations Manager, of Rabin Worldwide, has facilitated the sale of some assets back to new owners of regional contractors. Hundreds of employees are going back to work in the Idaho areas due to this arrangement.

"I can't remember seeing so much low hour and mileage equipment. Many of the trenchers and trucks look like they arrived less than a year ago," states Richard Reese, president of Rabin Worldwide, although most of the equipment is 4 to 5 years old. "Savvy buyers who attend this Auction will have an incredible opportunity to acquire valuable low hour/mileage equipment at auction prices," said Robert Levy, president of Hilco Industrial.

Over 1000 Trucks, Trailers Trenchers, Backhoes plus more will be available

Auction #1 - Minneapolis, MN April 20th
Auction #2 - Nampa, ID April 25th
Auction #3 - Twin Falls, ID April 26th
Auction #4 - Clackamas, OR May 3rd & 4th

Rabin Worldwide has headquarters in San Francisco, California. Rabin Worldwide provides comprehensive financial solutions for businesses in transition, from Fortune 500 companies and private industry, to financial institutions, receivers, trustees and courts. Our ability to evaluate, market, and sell surplus business assets has inspired the confidence of our clients and customers for over 50 years.

Hilco Industrial has headquarters in Farmington Hills, Michigan. Hilco Industrial, LLC is a full-service asset disposition company which specializes in maximizing the liquidation value of surplus industrial and commercial assets on behalf of manufacturers, wholesalers, distributors and the financial institutions that serve them. Hilco Industrial, LLC is a member of the Hilco Organization, which provides asset appraisal, acquisition, disposal and financing services to an international marketplace through thirteen specialized business units.

If you'd like more information about these upcoming auctions, or schedule an interview, please call Rick Hope at 415-254-9243, Rabin Worldwide, www.rabin.com, (http://live.rabin.com/Home/Home.aspx) or Richard Nucian at 248-254-9999, Hilco Industrial, LLC. www.hilcoind.com. (http://www.hilcoind.com/auctions/)