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Press Release DOVEBID FILES REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING Foster City, CA (March 10, 2000) — DoveBid, Inc., a leading Webcast and online business-to-business (B2B) auctioneer and capital asset sale advisor, today announced it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. All shares covered by the registration statement are being offered by the Company. DoveBid is a leader in Webcast and 24x7 online used capital asset auctions. DoveBid’s e-commerce auction marketplace offers used capital assets in 19 vertical markets including computers, disk drive and media manufacturing equipment; biotech and lab equipment electronics; electronic test and measurement; food and chemical processing; packaging and converting; woodworking equipment and mills; metalworking and machine tools; office furnishings and equipment; plastics equipment; audio-video-broadcast production equipment; power production equipment; printing equipment; printed circuit board fab and assembly equipment; semiconductor fab equipment; telecommunications equipment; textile and apparel manufacturing equipment; and plant support equipment. DoveBid also provides valuation services for sellers, buyers and dealers. Credit Suisse First Boston will act as the lead underwriter of the offering. The co-managers are Thomas Weisel Partners and U.S. Bancorp Piper Jaffray. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. A copy of the preliminary prospectus may be attained from DoveBid, Inc. 1241 E. Hillsdale Ave. Foster City, CA 94404. Attn. Chief Financial Officer.
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