27-Aug-2003 -

Gene Function and Drug Research Equipment Sale Scheduled

Facility Loaded with Genomics, Pharmaceutical, Medical & Research Pathology Equipment and Supplies

REDWOOD CITY, Calif.- AuctioNet, announced the live and online Bidcast auction of the surplus equipment inventory to the ongoing operations of Deltagen, Inc., a provider of drug discovery tools and services to the biopharmaceutical industry. The pre-auction sale and the live auction event are by order of the U.S. Bankruptcy Court, Northern California.

This sale showcases Deltagen's World Class Gene Function and Drug Research facility located in Redwood City, California. Completed in February of 2003, the 132,000 square-foot facility contains state of the art biotech/biomedical research and lab equipment, autoclaves/sterilizers, test equipment, optical inspection equipment, Information Technology equipment and executive office furnishings. The pre-auction sale and live auction event provide biotech and medical companies, research facilities and academic institutions access to nearly new equipment for a great relative value.

"Our entire facility is state of the art, and most any research institution in the world will benefit from our technology and equipment," said Larry Hill, Chief Executive Officer of Deltagen.

Included in these sales are Inverted Leica scopes for Micro-Injection, Gettinge-Castle sterilizers and tunnel washers, ABI 3100 DNA Sequencers, Agilent Gene Array Scanners, Applied Biosystem Thermocyclers, Beckman Coulter Centrifuges, Zeiss, Nikon and Leica Closed Circuit Television microscopes. There are Cisco routers, Dell, Compaq, Sun and Silicon Graphics servers as well as a wide range of consumer products such as laptops, flat-panel displays, digital projectors, desktop computers and Apple workstations.

"The Deltagen facility is the newest, largest and best equipped BioTech Facility we've ever seen," said Nuri Otus, CEO of AuctioNet. "The scopes, sequencers and security monitoring systems alone would garner the attention of every research facility on the planet. This is going to be the largest sales event the biotechnology industry has ever seen."

The sale will be conducted in two phases, a pre-auction sale and a live auction event. The Deltagen pre-auction sale begins on August 15th, 2003 and continues through September 30th. The live auction events are scheduled for October 15th and 16th and will be held at Deltagen's Redwood City, CA facility. The live auction event will also be featured on eBay's Business & Industrial Live Online Auctions.

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