Press Release

DOVEBID® ACQUIRES CHAMPION COMPUTER PRODUCTS, INC.

Leading B2B Webcast Auctioneer Strengthens Computer Vertical

FOSTER CITY, Calif. (July 10, 2000) - DoveBid, Inc., a leader in Webcast and online business-to-business capital asset auctions and valuation services, today announced the acquisition of Champion Computer Products, Inc., an Atlanta-based computer liquidation and refurbishment firm.

Champion Computer has liquidated over 1 billion dollars in computers and peripherals during its ten-year history of working with a variety of computer companies and retail establishments. The firm's sales grew 100% between 1998 and 1999. Through this acquisition, DoveBid continues to build toward its goal of becoming the world's largest capital asset marketplace for the sale of used capital assets.

"DoveBid's acquisition of Champion, a recognized leader in the computer liquidation and refurbishment market, enhances our strategic plan to establish domain expertise in each vertical market we compete in," said Ross Dove, DoveBid chairman and chief executive officer. "Champion's long history, proven track record, outstanding personnel, in-place infrastructure and continued sales growth will facilitate our growth plans. This is yet another major milestone in the implementation of our "clicks and mortar" strategy."

Through asset disposition services that include Webcast auctions, 24x7 online auctions, featured online auctions, liquidations, private treaty sales, sealed bid auctions and valuations, DoveBid provides everything necessary to sell capital assets. DoveBid focuses on 19 categories of capital assets, including computers.

Scott Guenther, president of Champion Computer exclaimed, "Our ability to provide a consistent and rapidly growing supply of computer products to the marketplace greatly contributes to DoveBid's wide array of auction services. In fact, we have sold over $15 million in computer assets via DoveBid's Website within the last 90 days." He added, "All of us at Champion are very proud and excited to become an integral part of DoveBid's 63-year history of excellence."

About DoveBid
DoveBid, Inc. is a leader in Webcast and online business-to-business capital asset auctions and valuation services. With millions of dollars of business assets available at DoveBid's Website, a regular schedule of Webcast auctions, an extensive base of large corporate customers, and an array of value-added services, DoveBid is creating a liquid, global market for capital assets. Headquartered in Foster City, Calif., DoveBid has more than a dozen offices throughout the United States, Europe and Asia. For more information, visit DoveBid at http://www.dovebid.com or call company headquarters at (800) 665-1042 or (650) 571-7400.

Contacts:
Daphne Li
Vice President of Corporate Strategy & Corporate Marketing
DoveBid, Inc.
(650) 571-7400 x682
dli@dovebid.com

Lisa Hawes (for media inquiries)
Sr. Account Executive
Sterling Communications
(408) 441-4100
lhawes@sterlingpr.com



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