InCircuit Announces Online Auction Software for Government & University Institutions

New, Internet-based auction software maximizes proceeds from surplus sales

AUSTIN - September 16, 2008 - InCircuit Development Corporation, a leading provider of on-demand asset management solutions, today announced immediate availability of its Online Auction module. The Online Auction functionality will assist government and university institutions by processing surplus assets more efficiently and profitably.

InCircuit, www.InCircuit.com, offers Online Auction in conjunction with its comprehensive suite of software products including asset management, fleet management, surplus management and barcode inventory software. Online Auction streamlines the process of selling surplus property for government agencies and the public.

The transition from traditional auctions to online auctions has the potential to increase profits significantly for InCircuit’s customers. With this system, customers can post assets online, set customizable bid types, run open or private auctions, and integrate seamlessly with their asset management application. Ultimately, this product provides increased profitability, accuracy and detailed audit trails through the disposition process.

"The increased profitability and efficiency the Online Auction module will provide our customers is very exciting for us," said Darrin Daigle, President of InCircuit Development Corporation. "With InCircuit’s experience in the government and public sector, it was only natural to provide a more efficient way to sell surplus assets. Online Auction is completely integrated with asset and surplus management and will help increase the number of available bidders, thus increasing competition and profits. Because it’s an integral component of our Surplus Management System, there are no sale commissions – our users keep every penny of the sale."

State governments, government agencies, universities, or other institutions interested in Online Auction functionality or other customizable management software products offered by InCircuit, should call 800-963-1950 x1 or visit www.InCircuit.com.

About InCircuit Development Corporation
InCircuit Development Corporation is a leading provider of on-demand Enterprise Asset Management Software (EAMS) solutions. For over fifteen years, InCircuit has worked with managers in government, higher education and businesses of all sizes to manage over $15 billion worth of assets. InCircuit’s modular SaaS approach enables its users to manage assets, inventory, surplus and fleet more efficiently, increasing the profitability and effectiveness of its over 1,200 customers.