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Entrade Inc. (Entrade) is engaged in the provision of asset disposition and management services through its wholly owned subsidiary, Nationwide Auction Systems, Inc. (Nationwide). Nationwide is a provider of auction services for governmental agencies and private industry, specializing in the disposition of vehicles, equipment, excess inventory, asset seizures and repossessed assets. The Company’s other subsidiaries include Nationwide Auction Finance, LLC and Artra Group, Incorporated. On July 12, 2006, Nationwide completed the acquisition of Automax Pacific, LLC (Automax), an automotive dealership chain with three separate locations throughout southern California.(Source: 10-K)