THIS IS AUCTION #1 TODAY

PUBLIC AUCTION

Foreclosure Sale

Real Estate of Mountain States Printing

Property Address 21435 N. 23^rd Ave.

Parcel # 209-06-009B

This auction will be held in the conference room of the Collins Law Firm on the 22^nd Floor of the Bank One Bldg at 201 N. Central Ave., Phoenix at 10:00 AM Friday, May 14, 2004

NO BUYERS PREMIUM

credit bid is $480,000

The Trustee will conduct the sale

$1,000 refundable cash or cashiers check deposit required to bid made to: Heller First Capital Corp.  Winning bidder to pay balance by 5:00 PM Monday, May 17, 2004.  Trustee Deed issued immediately upon receipt of full payment.

Preview from 10:00 AM – 4:00 PM Thursday, May 13, 2004

Land is $17,685 square feet with 112 feet of frontage and 200 feet of depth.  The main building is two story with a total of 6,680 square feet.  3,980 is built-out office space and 2,700 is open floor area warehouse and manufacturing space with approximately 18' of ceiling height.  The building footprint is 4,400 square feet.  There are 13 striped parking spaces allocated to this building.

In addition there is a separate 20' X 27' covered/gated/block construction storage area in the rear.