WILLOWBROOK, IL - MastroNet, Inc. the nation's leading Sports and Americana auction source announced today that the company has been renamed to Mastro Auctions. The name change, effective immediately, reflects the company's expansion (strategy) into new collecting markets and its ability to provide a full range of contemporary auction services, including live and real-time online events.

Mastro Auctions offers customers a staff of experts with the industry's most knowledge and experience and provides peace of mind by working with top authenticators. This provides a sophisticated, secure and user-friendly environment for customers to buy and sell collectibles. Originally a sports memorabilia auction house, Mastro Auctions successfully entered the Americana market in 2001 and is currently expanding into Fine Art, Comics and other collectible markets.

"The company is an industry innovator in terms of the internet and there was a time when the 'net' portion of the name had value and provided meaning to our customers," explains Doug Allen, president of Mastro Auctions. "But today strong, real-time online capabilities are a given for most successful businesses. The new name focuses instead on what we do better than anyone in the industry, the business of high-end auctions."

Mastro Auctions currently conducts three Premier auctions and three Classic Collector auctions annually. In December 2005, the company recorded an industry record-setting sale of nearly $14 million. Mastro Auctions' first Fine Art event is scheduled for April 2006. For additional information, contact www.mastroauctions.com or call 630-472-1200.