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U.S. BANKRUPTCY AUCTION

Ballardin Enterprises, Inc.Kenneth D. Chip Herron, Jr., Trustee

^ 84 ROOM MOTEL ^ 1.85 ACRES

Live On-Site Auction

Began: Thursday, April 18, 2002 at 12:00 AM EDT

Location: 4624 W. Irlo Bronson Highway (US-192), Kissimmee, FL

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Pursuant to an order in U.S. Bankruptcy Court, Middle District of Florida, Orlando Division in the case of Ballardin Enterprises, Inc., Case No. 01-09494-6B7, Karlin Daniel & Associates has been authorized to sell the following real estate at public auction to the HIGHEST BIDDER, REGARDLESS OF PRICE!

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