PropertyRoom.com Sells $10 Million of stolen goods

PropertyRoom.com sells lost, stolen or forfeited goods from police departments.

 Last year PropertyRoom.com, an auction Web site that sells lost, stolen or forfeited goods from police departments, opened its doors to third-party vendors.

Revenues jumped 33 percent, to $8 million, and are projected to hit $10 million to $12 million in 2006.

Tom Lane: Co-founder and CEO, Propertyroom.com

NO DOT-CONS: PropertyRoom.com has signed up more than 750 departments since it was launched in 1999, and its 70 employees ensure each product’s authenticity and condition.

http://money.cnn.com/magazines/fsb/fsb_archive/2006/11/01/8391413/index.htm?postversion=2006111409