(EMAILWIRE.COM, July 08, 2006 ) ATLANTA – Charitable Asset Conversion LLC (CAC) announced today that it will facilitate the sale of an asset donation to Next Step - The Atlanta Promise. Assets include more than 6 floors of office furnishings, kitchen appliances, light fixtures, and brass hardware. An online auction featuring the donated assets will be held during the week of July 9th, with the net proceeds going to the Next Step program.

John Lippert, EVP of Sales & Operations for CAC: “Considering our success in the past with these types of assets we were thrilled to assist in liquidating the assets for this generous donation. We’re very excited about furthering Mayor Franklin’s vision for the Next Step program.”

Mayor Shirley Franklin founded Next Step…The Atlanta Promise, a program that assists high school seniors in the Atlanta Public Schools with the transition from high school to the next phase of their lives.

Mayor Franklin, who personally mentors several of the program’s participants, had the following to say,

“The success of the Next Step program is the direct result of partners like CAC who are helping to provide financial support and resources to our high school students preparing for life after graduation. Through companies like CAC we are able to continue our efforts to fulfill our promise to help Atlanta’s young people.”

The online auction will be open to the public: visit www.ciabid.com/nextstep to register and bid. Preview and inspection times will be held during the week of the auction on Monday July 10th & Tuesday July 11th from 10am-3pm. Bidders are encouraged to view the items during the scheduled times.
Bidding will begin on Sunday, July 9th and end on Thursday July 13th.

CAC, a Boston based company, works with corporations and charitable organizations to convert donated “gifts-in-kind” (GIK) into cash for the benefit of the charity. GIK are defined as any non-cash donation, usually fixed assets that may or may not have been totally depreciated. For more information about the items up for bid please visit www.cacdonate.com.

Contacts:

Next Step…The Atlanta Promise
Deborah Lum, Executive Director, 404-658-6312
dlum@atlantaga.gov

CAC – Charitable Asset Conversion LLC
John Lippert, EVP Sales & Operations, 678-315-5695
jlippert@cacdonate.com





About Next Step…The Atlanta Promise
Founded by Atlanta Mayor Shirley Franklin, Next Step aims to provide support for high school seniors in the Atlanta Public Schools in their transition to the next phase of their lives. The City of Atlanta has reached out to business and community leaders to get the resources seniors will need to reach their goals. Last year more than 600 Atlanta public school graduates were helped with tuition, laptops and other assistance through the Next Step program. For more information on the program and its activities visit http://www.nextstepatlanta.org.

About CAC
Charitable Asset Conversion LLC is a Boston based company that specializes in working with charities and their corporate benefactors to facilitate the process of accepting unused corporate assets and converting them into cash for the benefit of respective charities. CAC assists corporations and charities throughout the process of donating and converting “gifts-in-kind” (GIK). Corporations that CAC profiles for GIK donations primarily consist of companies with large, annual capital investments and IT expenditures, multiple locations, and revenues of over $200 million. CAC has offices and operations in Atlanta, Boston, and San Diego. For more information visit http://www.cacdonate.com.


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Contact Information:
CAC – Charitable Asset Conversion LLC
John Lippert, EVP Sales & Operations
Tel:
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