Press Release

DOVEBID® TO CONDUCT ONLINE AUCTION OF NORTHROP GRUMMAN LITTON SYSTEMS PCB FACILITY

Los Angeles, CA (August 20, 2007) - DoveBid, Inc., (www.dovebid.com) DoveBid, Inc., the leading global provider of capital asset management and valuation services, announced today that it will conduct a featured online auction (FOA) for the complete closure of Northrop Grumman Corporation's Interconnect Technologies Division, Litton Systems Inc's Springfield, MO. facility. This world-class manufacturing facility of multilayer, double-sided and exotic printed circuit boards (PCB) includes assets for drill, routing, post etch punch auto optical inspection, multilayer, alternative oxide, wet process, exposure area interlayer and outerlayer, photo plotting, LPI, solder leveling, plating, and board test.

The online auction will begin September 25, 2007 at 6:00am PST and will end September 27, 2007 at 5:00pm PST. Previews of the assets are by appointment only and offers are being accepted prior to sale that will be reviewed and if acceptable, approved for Pre-Sale. Detailed preview information, asset catalog, and online bidding instructions are available at DoveBid's website www.dovebid.com.

"We believe that this auction will produce strong results for Northrop Grumman and we are pleased to have the opportunity to work with them on this and future sales," said Brent Cohen, DoveBid's Chief Executive Officer. "Adding Northrop Grumman to our list of industry-leading electronics companies who have sold their capital assets in partnership with DoveBid, such as Seagate, JDS Uniphase, Hewlett Packard, Celestica, and Siemens, is an honor," continued Cohen.

About DoveBid
DoveBid, Inc. is the leading global provider of capital asset management and valuation services. DoveBid delivers a turnkey, outsourced set of solutions to corporations and financial institutions for the valuation, redeployment and disposition of capital assets. The Company provides strategic insight and valuation services for financial reporting, tax, secured lending and planning purposes.

Headquartered in Los Angeles, California, USA, DoveBid has over 69 years of industrial capital asset management experience with associates in 37 offices and 20 countries.

Additional information on DoveBid can be found at www.dovebid.com or by contacting the company directly at (800) 665 1042 or (310) 775 6700.

DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.

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DoveBid Contacts:

North America
Brian Lee
Vice President
P +1.203.258.0927
F +1.203.221.2796
E bplee@dovebid.com

Europe, Middle East, Africa
DoveBid UK
P +44 (0) 870 240 5176
F +44 (0) 870 240 5178

Asia Pacific
DoveBid Singapore Pte Ltd
P +65 (0) 6334 4266
F +65 (0) 6334 0469