Inland to auction 8.6-acre facility for NASDAQ-listed Insituform Technologies, Inc.

Insituform turns to auction to seize upon hot market

as area transitions from industrial to retail

OAK BROOK, Ill. -- Eager to capitalize on rising property values in a changing market, Insituform Technologies, Inc. (Nasdaq:INSU) has retained Inland Real Estate Auctions, Inc. to sell its 8.6-acre facility at 11511 Philips Highway in Jacksonville, Fla.

"This area is quickly changing from an industrial corridor to a high profile retail market, ever since a major mall and several auto dealerships opened nearby," said David Morris, vice president of Insituform. "Also driving the changing market is a new highway interchange nearby."

"This auction demonstrates the increasing use of auctions by publicly-traded companies to provide an indisputable market value when selling property," said Frank Diliberto, president and CEO of Inland Real Estate Auctions, Inc. "And it is also a perfect demonstration of why the auction is becoming more and more popular as a tool to sell properties, even in hot real estate markets."

"In recent years, the cachet of this area for retail uses has exploded as many industrial sites have been converted to automobile dealerships and other retail uses," Morris said. "Insituform has decided the best use of this increasingly valuable property is to turn the asset into capital. Meanwhile, we can find a new location to stage and prepare liners for field installation that is well suited for our needs."

St. Louis, Missouri-based Insituform Technologies, Inc. is a leading worldwide provider of technologies and services for rehabilitating sewer, water and other underground piping systems without digging and disruption. More information about Insituform can be found on its Internet site at www.insituform.com.

Inland Real Estate Auctions has had recent success in the Florida market, said Paul Rogers, vice president of the auction firm. "We sold an office and industrial facility for Allstate Life Insurance, which was once the US headquarters for Lamborghini," Rogers said. "Inland also auctioned a major business and industrial park in St. Augustine last October on behalf of Deerpark Investment and Development Corporation."

Parties interested in the property are invited to attend bidders' seminars, which will be held during October before the auction.

Inland Real Estate Auctions, Inc. has garnered significant media attention recently for several notable auctions. One of the nation's top auctions firms, Inland Real Estate Auctions is part of The Inland Real Estate Group of Companies, Inc. (www.inlandgroup.com), which comprises independent real estate investment and financial companies doing business nationwide, including a substantial presence in Florida, California and Michigan. Inland is one of the nation's largest commercial real estate companies. Inland's national headquarters is in Oak Brook, Ill.