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Press Release DOVEBID TEAMS WITH YAHOO! TO LAUNCH B2B MARKETPLACE A Leading B2B Webcast Auctioneer to Sponsor Yahoo! B2B Marketplace FOSTER CITY, Calif. (March 20, 2000) — DoveBid, Inc., a leading Webcast and online business-to-business used capital asset auctioneer, today announced an agreement with Yahoo! Inc. (Nasdaq: YHOO) to help connect business users to the information and services they need to research, price and purchase equipment and products for their business. DoveBid will serve as the initial featured sponsor and listing provider for Yahoo! B2B Marketplace. Yahoo!® B2B Marketplace (http://b2b.yahoo.com) is a one-stop B2B directory offering both variable and fixed-priced options for companies looking to simplify their purchasing processes. This comprehensive service provides businesses with a single destination to find all the products and information they need for their specific vertical industry. Yahoo! B2B Marketplace will offer listings in more than 650 categories. "DoveBid is pleased to be working with Yahoo!, one of the most-recognized brands on the Internet and a leading enabler of e-commerce," said Ross Dove, chairman and chief executive officer of DoveBid. "This relationship combines our respective strengths to build a comprehensive B2B destination that will reach a broader audience of Web users." As an initial provider for Yahoo! B2B Marketplace, DoveBid will have a fixed button placement on the front page of the site during the term of the agreement. Through this agreement, DoveBid also will receive banner ads targeted in business related areas throughout the Yahoo! network of properties, including Yahoo! Mail (http://mail.yahoo.com), MyYahoo! (http://my.yahoo.com) and the Yahoo! directory (http://www.yahoo.com). "Yahoo! B2B Marketplace is part of Yahoo!’s ongoing commitment to provide companies with comprehensive online business solutions," said Tony Surtees, vice president and general manager, commerce group at Yahoo!, Inc. "Through this relationship, we will combine Yahoo!’s powerful distribution platform with DoveBid’s expertise in conducting both Webcast and online auctions across 19 vertical categories of capital assets." About Dovebid DoveBid’s e-commerce auction site includes 19 categories of capital assets, 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 financial institutions. For more information, visit DoveBid’s Web site at http://www.dovebid.com or call company headquarters in Foster City, Calif., at (800) 665-1042 or (650) 571-7400.
Lisa Hawes
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