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PropertyRoom.com works with law enforcement, local and state governments nationwide
to provide full-service auction outsourcing for seized, found, stolen, recovered
and surplus items. The company’s founders, strategic team and advisory board have
a combined 100+plus years of law enforcement experience, enabling them to best anticipate
and respond to the needs of their agency partners.
Strategic Partnerships
PropertyRoom.com has partnerships with more than 1,100 law enforcement agencies
nationwide, making it the leading online auction services company in this market
niche. Partial client list includes:
- New York City Police Department
- Seattle Police Department
- King County (WA) Police Department
- City of Los Angeles Police Department
- Pinellas County (FL) Police Department
- City of San Diego Police Department
- Cincinnati Police Department
- Sacramento County Sheriff
- Indianapolis Police Department
- Broward County Sheriff (Fort Lauderdale)
- Albuquerque Police Department
- Lexington, KY PD
Size of market / potential for growth
On any given day, more than four million Americans participate in an online
auction. PropertyRoom.com maintains a significant and growing share of this market,
enrolling tens of thousands of new registrants each month. The advent of broadband
connectivity will increase this share as:
- At least five percent of Internet users with a home broadband connection participate
in online auctions, two percent of home dial-up users participate in online auctions
and three percent of all Internet users participate in online auctions
- A typical day on the Internet consists of at least four million buying a product
online, with well over 83 million Americans having purchased an item online to date.
These statistics are growing by leaps and bounds as the home Internet becomes more
prevalent
Benefit to Law Enforcement
PropertyRoom.com’s win-win agency solution includes:
- The convenience of secure regular pick-up of designated items
- Testing, cleaning, evaluation and appraisal of items prior to photographing and
described for listing
- On average, items sell for higher prices than traditional live police auctions resulting
in revenue of twofold to tenfold historical levels
- Packaging and shipping services
- Reporting, audit and reconciliation services
- Financial reporting and checks sent to municipalities monthly
Benefit to Trusted Merchants
PropertyRoom.com’s Trusted Merchant program gives highly qualified merchants access
to 400,000+ registered users actively seeking deals on a wide variety of categories.
Other benefits include:
- Trustworthy, Fraud Free
- Quick, Reliable Payment Processing
- Excellent Service and Support
- Truly Unique Auction Platform and Audience
Benefit to Consumers
Greatly increasing public access to goods that might otherwise go unsold, PropertyRoom.com
offers a multitude of value propositions to consumers including:
- Safety and security of buying from a respected auction house versus the unknown
“peer-to-peer” sellers on other auction sites
- The most unique collection of items available, with an inventory that rotates daily
- Free public registry for lost/stolen items that allows rightful owners to recover
property at no cost
- Winning bidders can retrieve items at service center “will call” and avoid shipping
fees
- No fraud
- Outstanding customer support
- Free registration
Offices
- Headquarters: Mission Viejo, CA
- Client Services: Lexington, KY
- Service Centers: New York, Seattle, Los Angeles and Orlando
Executive Management
- Thomas Lane, Founder
- PJ Bellomo, Chief Executive Officer
Advisory Board
- Daryl F. Gates, former LAPD Chief of Police, Founding Advisor
- Don Nickelson, past president of PaineWebber Group Inc.
- Michael S. Malone, former editor of Forbes ASAP
- Joe Latta, Retired Lt., Burbank Police Department and Executive Director of International
Association of Property and Evidence (IAPE)
- Charles Mattes, former NYPD Assistant Chief, Director of Security Worldwide for
Tishman/Speyer Properties
- Stephen Downing, retired LAPD Deputy Chief, renowned Hollywood writer-producer
Web site: www.PropertyRoom.com
Employees: More than 50 FTE employees in main office and four service
centers
Ownership: Privately held
Founded: 1999
Media Contact
Cher Murphy
Cher Murphy PR
T: 571.263.2128
chermurphypr@gmail.com
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