Boat Ebay Sail Sale Article

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 18, 2002

CDN $2 Million(+) Passenger Cruise Ship and Business to be

Sold by Icoworks, Inc. on

The first item to be listed is the M. V. Fintry Queen, a 154 ft. paddle wheel passenger cruise ship. A rare business opportunity exists for the purchaser to own and operate one of Kelowna, British Columbia's prized tourist attractions. The . Fintry Queen is the largest passenger ship to ever sail on Lake Okanagan. In the last 20 years, in excess of one million tourists, dignitaries and celebrities have boarded the Fintry Queen to attend weddings, private functions, office parties and tours.

"The sale of the M. V. Fintry Queen is more than the sale of a boat; it represents a unique business opportunity in our growing community," said Kelowna's Mayor, Walter Gray. "With tourism growing every year, the city looks forward to the continued service of the M. V. Fintry Queen under new ownership."

Interested bidders can learn more about this incredible business opportunity and how to bid on the Fintry Queen, during the 10-day auction which will start on April 18, 2002 at 6:30 AM PDT and run until 6:29 PM PDT on April 28, 2002 by visiting .ca/business or Icoworks' industrial division website, .com/Fintry/. Bidding will start at $600,000 CDN.

"We know that a successful auction is predicated by the number of people that attend, and we are very excited to introduce our auctions to the over 42 million eBay customers worldwide," stated Bill Wigley, VP Industrial Auctions, Icoworks, Inc.

" is thrilled to be forming a strategic partnership with Icoworks, Inc., as it brings the offerings of a traditional auction player to 's million monthly unique Canadian visitors, as well as to all of our buyers and sellers around the world," says Lorna Borenstein, general manager, eBay Canada. "Listing the . Fintry Queen passenger cruise ship, a celebrated piece of Canadian memorabilia, is an exciting addition to the millions of items available on ."

Fintry Queen Facts

The Fintry Queen was built in 1947 with an overall length of 154 ft. She sailed as a passenger vessel until 1958 and was converted into a restaurant in 1969. In 1980 she received a major renovation and was expanded into a 335 passenger ship complete with full dining and dancing facilities. In the last twenty years she has been running as a successful passenger cruise ship business with positive value and cash flow.

In addition, for qualified buyers, the sale includes an "A" Pub Upper Deck License - capacity 225 persons, and a "B" Dinning Lounge License for 280 patrons, as well as a standard Liquor License from the Government of British Columbia and a City of Kelowna Business License. For more details please visit .com/Fintry/.

Kelowna, British Columbia Facts

Located in the heart of British Columbia's Okanagan Valley, Kelowna, is a city coming of age. Kelowna and its surrounding area is now home to 130,000 residents and the city has grown to become the major hub of commerce and tourism for the entire south central region of the province.

Kelowna's growing economy and vibrant cultural atmosphere has been fuelled over the years by tourism, with many drawn to the scenic waters of the 82-mile-long Okanagan Lake. Over the past decade, Kelowna's tourism sector has grown at an annual rate of eight to ten percent as the city has emerged as a world-renowned four-season destination. 10 million tourists visit the Okanagan Valley each year, bringing an estimated $450 million into the city annually.

Visitors enjoy the area's wineries, golf courses and lakeside conference facilities which serve as a meeting place for many international events each year. The city's new multi-purpose facility - the 6000 seat Skyreach Place - anchors Kelowna's growing convention trade.

About eBay Canada

eBay Canada is a wholly-owned subsidiary of eBay Inc., one of the most dazzling and successful Internet e-commerce sites in the world. Attracting more than 42 million registered customers worldwide, eBay enables trade on a local, national, and international basis and has customized sites in countries around the world, including Argentina, Australia, Austria, Belgium, Brazil, France, Germany, Ireland, Italy, Korea, Mexico, Netherlands, New Zealand, Singapore, Spain, Sweden, Switzerland and the UK, in addition to the . and Canadian sites.

About Icoworks, Inc.

Icoworks combines over 100 years of industrial, oilfield and commercial auction experience, with proprietary technology, to provide a full suite of auction services enhanced with promotional, marketing and database management tools. Through a partnership agreement with eBay, Icoworks provides access to the most robust live and timed auction technology available in the world.