Press Release

LENDX™ AND DOVEBID® ANNOUNCE STRATEGIC ALLIANCE

SAN FRANCISCO, (July 10, 2000) - LENDX, the premier online marketplace for the corporate equipment financing community, today announced an agreement with DoveBid, Inc., a leader in Webcast and online business-to-business capital asset auctions and valuation services, to integrate LENDX's dynamic financing exchange with DoveBid.

According to the agreement, LENDX will make DoveBid's broadly based capital asset remarketing and disposition services available to its own lessors and lessees. In return, DoveBid will promote LENDX's equipment financing services by providing a link on its website to the LENDXsm Exchange (www.lendx.com), a neutral, Web-based platform that gives both borrowers and lenders the ability to make well-informed decisions and meet their business objectives. With the click of a mouse, DoveBid customers will be able to finance capital equipment through LENDX's powerful, yet simple to use, transaction exchange system.

"LENDX is pleased to be working with DoveBid, one of the most recognized and experienced auctioneers and appraisers of used capital equipment," said Ken Fosina, executive vice president of business development and co-founder of LENDX. "This relationship combines our respective strengths to provide even more resources to lessors and lessees in the equipment financing market." Tim Reed, vice president of business development at DoveBid, agreed, saying, "The companies complement each other quite well. The disposition and appraisal services offered to LENDX users will lead to additional assets available for sale on the DoveBid marketplace. Additionally, the alliance will provide DoveBid customers with access to industry-leading asset leasing and financing services on the LENDX Exchange."

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, California, DoveBid has more than a dozen offices throughout the United States, Europe and Asia. For more information, visit DoveBid at www.dovebid.com or call company headquarters at (800) 665-1042 or (650) 571-7400. DoveBid and the DoveBid logo are trademarks of DoveBid, Inc.

About LENDX
LENDX is the premier online business-to-business marketplace for dynamic, Web-based corporate equipment financing. As a one-stop financing solution for the $233 billion corporate equipment finance market, the LENDXsm Exchange offers a simple to use yet powerful online equipment financing exchange, along with value-added information and services for both lenders/lessors and corporate borrowers/lessees.

LENDX works closely with medium- and large-sized lessees seeking at least $1 million annually in equipment financing and with the lessors who serve their needs. LENDX is privately held with its headquarter office in San Francisco and a dozen regional offices throughout the US. More information about LENDX is available at www.lendx.com or by calling Alexander Ogilvy Public Relations Worldwide at (415) 644-3073.


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

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

Arleen Bandarrae
Account Manager
Alexander Ogilvy PR Worldwide
(415) 644-3073
abandarrae@alexanderogilvy.com

Janice Levering
Marketing Manager
LENDX
(415) 633-2411
jlevering@lendx.com



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