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Press Release emachinetool.com and Auctioneer DoveBid Create Strategic Alliance To Provide Fairfield, NJ and Foster City, CA (June19, 2000) - emachinetool.com (www.emachinetool.com), a leading e-commerce site for the metalworking industry, and DoveBid, Inc. (www.dovebid.com), a leading B2B on-line marketplace for capital assets featuring Webcast auctions, online auctions and other value-added services, today announced an agreement to improve customer convenience by sharing marketplace capabilities. The alliance furthers the goal of emachinetool.com to provide its metalworking customers with a single source for comprehensive e-commerce and information services. For DoveBid the alliance augments its ability to offer its auction services to the large metalworking market. Through this alliance, buyers on either Website will have seamless access to both direct purchase and auction capabilities. emachinetool.com's customers can post their used and surplus capital assets directly onto DoveBid's Website as well as bid on other capital assets, thereby taking advantage of its dynamic, liquid auction environment. DoveBid's auction sellers and bidders will benefit from exposure to emachinetool.com's many customers and expanded metalworking assets. "emachinetool.com is excited about providing our metalworking customers more convenience and more choice in how they purchase, " said Nick Bard, chief executive officer of emachinetool.com. "In doing this, we are especially pleased to be aligning ourselves with DoveBid, a long-time leader in the auction industry with a cutting-edge vision. We will feature all the metalworking equipment of DoveBid as well as broadcast their live Webcast auctions. " "For DoveBid, this alliance is part of an ongoing commitment to provide our buyers and sellers with increased purchasing and selling opportunities, creating a highly efficient and liquid marketplace," said Ross Dove, chairman and chief executive officer of DoveBid. "emachinetool.com is a pioneer in introducing e-commerce to metalworking. Their knowledgeable customer base is an excellent fit for our auction marketplace." About emachinetool.com emachinetool.com sells a full-line of products and brands, where customers can find both New and Used metalworking products, without going through 3rd parties. Products include machine tools, tooling, accessories, software, metal packages, as well as metalworking industry information. End-to-end service includes product information, online product comparisons, consulting support (full feature/spec analyses), online leasing, shipping arrangements, training, and nationwide service capabilities through certified centers. For more information about emachinetool.com, visit www.emachinetool.com, send an email to info@emachinetool.com, or call 1-888-808-0850. About DoveBid For more information, visit DoveBid's Web site at http://www.dovebid.com or call company headquarters in Foster City, California, at (800) 665-1042 or (650) 571-7400. DoveBid and the DoveBid logo are trademarks of DoveBid, Inc. Contacts:
Alex Yovanovich Shanta Avadani Associate Marketing Manager (650) 356-6516 savadani@dovebid.com Lisa Hawes (for media inquiries)
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