Press Release

DOVEBID® LAUNCHES PROCESSING AND PACKAGING EXCHANGE

Los Angeles, CA (September 4, 2007) - DoveBid, Inc., the leading global provider of capital asset auction and valuation services, announced today that it has expanded its auction exchange program to include an online Processing and Packaging Exchange (PPX).

DoveBid's first Processing and Packaging Exchange (PPX) online auction will be conducted September 19 -20, 2007, from 1:00am PDT until 4:00pm PDT at http://www.dovebid.com and will feature surplus equipment from North America and Europe representing Procter and Gamble, Pfizer, Pepsi Co., Pepsi Bottling Group, Schering-Plough, and other global companies. Assets include Kettles, Tanks, Agitators, Heat Exchangers, Pumps, Mills, Powder Blenders, Centrifuges, Ovens, Fryers, Presses, Filters, Sifters, Homogenizers, Fillers, Cappers, Labelers, Cartoners, Case Packers, Case Sealers, Check Weighers, Conveyors, Palletizers, Tablet Presses, Coders, Flexible Bagging Equipment, and much more.

"We believe that our new Processing and Packaging Exchange will enhance our ability to provide a focused marketplace for processing and packaging assets, while expanding this asset class to multiple industries including BioPharma, Cosmetics, Food, Beverage, and Nutraceutical. We are also providing a marketplace which meets a growing need requested by our sellers and buyers," stated Tom Conwell, Vice President for DoveBid's Processing and Packaging Group.

DoveBid's Processing and Packaging Exchange enables companies to proactively address asset management challenges in real time. DoveBid offers both full-service and self-service disposition options, giving organizations the choice of an outsourced turnkey solution or self-load web tools to sell surplus assets online from anywhere in the world. DoveBid provides extensive marketing services as well as access to resources through its offices worldwide, helping clients sell their surplus equipment without the listing fees required by other online auction sites.

Sellers can consign assets into the DoveBid Processing and Packaging Exchange by contacting the company or visiting DoveBid's website. Participants may bid online, review detailed asset descriptions, equipment catalogs, and online bidding instructions at http://www.dovebid.com.

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
Tom Conwell
Vice President
P +1.800.665.1042 or +1.310.775.6700
F +1.310.775.6800