Ritchie Bros.' 5th annual Corporate Kids Challenge raises $600,000+ for KidSport BC

Including a $400,000 contribution by the Province of BC, which was presented to KidSport BC by Burnaby North MLA Richard T. Lee

VANCOUVER, Sept. 14, 2014 /CNW/ - On September 13, 2014, Ritchie Bros. Auctioneers (NYSE andTSX: RBA), the world's largest industrial auctioneer, hosted its fifth annual Corporate Kids Challenge and raised more than $600,000 for KidSport BC™, a community-based sports funding program that provides grants for financially disadvantaged children to participate in amateur sport. To-date, the Corporate Kids Challenge has raised more than $2.4 million for KidSport BC, including donations from the Province of B.C. For the event, Ritchie Bros. welcomed Olympic athletes, local celebrities and corporate teams to participate in a series of sports day challenges and capped off the event with a live and silent charity auction. Attending on behalf of the Province of B.C., Burnaby North MLA Richard T. Lee presented a $400,000 donation to KidSport BC at the event.

"When it comes to sport, every kid should have the opportunity to play," said MLA Richard T. Lee. "Whether it's hockey, soccer, swimming or gymnastics, the benefits a child gains from participating in sport are so essential. Besides being great for our health, sport teaches a child about the value of teamwork, the importance of striving for excellence and, the rewards of discipline and determination. These qualities instilled in a child set the foundation for success in life and ultimately lead to building a stronger and more prosperous province for British Columbians."

For more than 20 years, KidSport has been raising money to help financially disadvantaged kids participate in organized sports; changing thousands of lives in the process. In 2013, KidSport provided funding for 6,700+ kids in B.C., a number they hope to top this year with the help of the money raised by this year's Corporate Kids Challenge.

"This is the single best corporate fundraising event you will ever attend—it's a bold statement, but I guarantee you it's true," said Pete Quevillon, Director of KidSport BC, to the crowd of participants at this year's Corporate Kids Challenge. "This event is for all the boys and girls who wouldn't get a chance to play if it weren't for the generous donations made by the Province of B.C., Ritchie Bros. and all of the other company sponsors here today. On behalf of all our KidSport kids, thank you."

The full-day charity event teamed up Olympic athletes and local celebrities with corporate teams from the Greater Vancouver area. After facing off in a series of sports day challenges, PwC were crowned this year's champion. Among the athletes and local celebrities were Tommy Europe, former CFL all-star and TV show host; Angus Reid, former CFL all-star and a regular on TSN 1040 radio and Global TV; Maëlle Ricker, Olympic snowboarder and Vancouver 2010 gold medalist; Victor Kraatz, National and World Champion and three-time Olympian for ice dancing; and Kelsey Serwa, Olympic freestyle skier and Sochi 2014 silver medalist.

"I've been participating in the Ritchie Bros. Corporate Kids Challenge for the last two years. It's a great event and fun opportunity for us athletes to come out and support something that is near and dear to our hearts," said Kelsey Serwa. "Sport has been such an important part of developing me into the person I am today. When I was a kid I participated in basically every sport that I could—it has taught me how to set goals, dream big and the importance of determination and hard work."

Ritchie Bros. was the host and main sponsor of the event. Other sponsors included Westminster Savings Credit Union, who made a $60,000 donation at the event, as well as Hilton Vancouver Metrotown, Ernst & Young, KPMG, PwC, Symantec, Heritage, Triple O's, Unity Telecom, WPCG Consulting, Bell, Samsung, ViaSport, Burnaby Firefighters, RBC Capital Markets, Raymond James Ltd. and more.

"In our goal to help the community, our two favourite areas to sponsor are youth amateur athletics and youth leadership development and there's nothing more fitting with those two areas than KidSport," said Bob Armstrong, Chief Strategic Development Officer, Ritchie Bros. Auctioneers. "KidSport helps ensure every child has a chance to get on the field and play. We love hosting this event and I would like to thank all the sponsors, participants and volunteers for helping make this such a huge success."

Ritchie Bros. plans to host the sixth Corporate Kids Challenge in September 2015. Learn more about the event and how you can help at https://www.rbauction.com/kidschallenge.

About KidSport™
Established in 1993 by Sport BC, KidSport™ is a community-based sports funding program that provides grants for financially disadvantaged children ages 18 and under to participate in amateur sport and learn valuable life lessons and skills. The organization operates 178 chapters across Canada, 41 of which are based in British Columbia. For more information about KidSport™ and how you can help in your community, please visit www.kidsport.bc.ca.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE andTSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. ^TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne^TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION MEDIA: Photos and video are available for use at https://www.rbauction.com/kidschallenge. Members of the public and the media can follow KidSport BC on Twitter @KidSportBC.

SOURCE: Ritchie Bros. Auctioneers

Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers
Phone: [phone] | Email: [email protected]