News Editors/Political Writers

SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 1, 2003

California State Controller Steve Westly today announced the implementation of a continuous and on-going online auction of unclaimed items found in safe deposit boxes.

"The implementation of the online auction process begins a new era for the Controller's Office in the manner and method used to sell the contents of unclaimed safe deposit boxes and how the State conducts its auctions," said Controller Westly.

This new online auction process provides an opportunity for the Controller's Office to obtain the optimum level of proceeds for the owners or their heirs.

Generally, the ...