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AmeriBid LLC Announces the Addition of Clay Barnes to the Leadership Team

TULSA, Okla., June 3, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC, the market leader in live and online auctions with a focus on real estate, announced today the addition of Clay Barnes as a partner. Mr. Barnes will oversee all the essential preparation activities for AmeriBid as the company expands domestically and internationally. Additionally, Mr. Barnes will drive AmeriBid's real estate advisory services strategy providing value added professional services to our clientele worldwide. AmeriBid will continue with its core focus being the effective disposition of real estate assets through the auction method, where many of Mr. Barnes' existing relationships will benefit from his new position. Mr. Barnes will also be responsible for investor relations as AmeriBid evaluates significant expansion opportunities, which will propel the company forward to reach new markets and create new business opportunities.

Prior to joining AmeriBid, Mr. Barnes was the managing director at COO at Woodmere Capital Group, a private equity real estate and debt investment management firm, which focuses on opportunistic distressed commercial real estate debt and equity real estate investments. Over his 25 years of experience, Mr. Barnes has acquired and managed subordinate debt and bonds in both the original issue and secondary market of securitized and non-securitized debt transactions in excess of $100 billion, primarily commercial mortgage and mortgage-backed securities.

In the past year, AmeriBid has seen impressive growth as it has experienced significant domestic expansion. The company will continue to grow with the addition of Mr. Barnes, and opportunities to expand internationally. "Clay brings another layer of expertise to AmeriBid. His abilities will add depth and breadth to our company. I'm pleased to have him onboard as a partner and look forward to working with him to expand AmeriBid's services," remarked Larry Latham, CAI, Co-Chairman and Founder of AmeriBid.

AmeriBid's approach to the real estate auction industry is to provide clients with successful solutions as strategic partners by offering local knowledge and expertise within AmeriBid's market-driven auctions. This allows AmeriBid to create a strategic and targeted marketing campaign specific to each property, reaching buyers locally, regionally, and globally.

"We are excited to have Clay join our executive team," stated Stephen Karbelk, CAI, AARE, Co-Chairman and Founder of AmeriBid. "Clay is an industry leader and comes to the company with over two decades of commercial real estate, banking, finance, real estate capital markets and asset management expertise."

"I am very pleased to join AmeriBid's dynamic management team. The company has proven its ability to provide solutions for stakeholders of real estate and other assets nationwide, solidifying the auction as a valuable and reliable means for accomplishing sales, dispositions and liquidity for real estate," said Mr. Barnes.

AmeriBid, headquartered in Tulsa, Okla. with offices throughout the United States, is the premier global real estate auction leader specializing in the sale of commercial and residential real estate.

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CONTACT: Media Contact: Jarem Atkinson 877.895.7077

Source: AmeriBid