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OPENING DAY FOR INSPECTION OF LARGEST LOAN PACKAGE EVER AUCTIONED BY RTC

OPENING DAY FOR INSPECTION OF LARGEST LOAN PACKAGE EVER AUCTIONED BY RTC
 WHAT: Opening day for investors to inspect $200 million in non-performing loans to be sold in the largest auction of these assets ever held by the Resolution Trust Corporation anywhere in the United States.
 WHEN: Beginning at 8:30 a.m. Monday, March 16, until 7:00 p.m.
 WHERE: Executive Conference Center, second floor, Inforum, 250 Williams St., Atlanta.
 WHO: Investor groups from Wall Street firms and others nationwide interested in bidding at the auction, to be held in Atlanta, April 9.
 VISUALS: Investors will review an unprecedented volume of 700,000 pages of loan file documentation at 50 microfilm machines.
 Laser disk technology also will be tested for the first time for this loan inspection process.
 Because of the volume of documents to be examined, prospective investors have been allotted nearly 1,000 hours for review during the next 24 days, including weekends.
 PRESS KITS: Press kits will be available in the inspection room, and Joel D. Zegart, president of JBS & Associates, Inc., the firm conducting the auction, will be available for interviews.
 CONTACT: Harold A. Schweig of Herbert H. Rozoff Associates, 312-944-2299, for JBS.
 -0- 3/13/92


CO: Resolution Trust Corporation ST: Georgia IN: SU:

GK -- NY009 -- 7668 03/13/92 09:01 EST
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Publication:PR Newswire
Date:Mar 13, 1992
Words:220
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