Press Release

DOVEBID® ANNOUNCES CREATION OF
DOVEBID WEBCAST NETWORK

B2B Webcast Auctioneer Announces Strategic Alliances With Six DoveBid Webcast Affiliates

FOSTER CITY, Calif. (July 31, 2000) - DoveBid, Inc., a leader in Webcast and online business-to-business capital asset auctions and valuation services, today announced the creation of the DoveBid Webcast Network. This program enables DoveBid and DoveBid Webcast Affiliates to improve customer convenience by sharing marketplace capabilities. Through the DoveBid Webcast Network, DoveBid Webcast Affiliates will be able to syndicate DoveBid's auctions and broadcast them directly to their customers.

The six DoveBid Webcast Affiliates announced today as part of the DoveBid Webcast Network include:

  • AssetsB2B, an e-commerce hub for capital assets serving the Chinese market;
  • BioBid.com, a biotech equipment trading site;
  • emachinetool.com, a portal and e-commerce site for the metalworking industry;
  • FabLink.com, a portal serving the semiconductor and high technology industries;
  • semiconbay.com, provider of technical information and e-commerce for the semiconductor industry; and
  • Tradeeasy, an online marketplace facilitating international e-commerce.

"DoveBid is excited about extending the reach of the DoveBid Webcast Network to a larger numbers of bidders," said Ross Dove, CEO and founder of DoveBid. "These DoveBid Webcast Affiliates are a part of our ongoing commitment to providing our buyers and sellers with increased purchasing and selling opportunities, creating a highly efficient and liquid marketplace for surplus capital assets."

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. DoveBid covers used capital assets in 19 vertical categories. Buyers and sellers can participate in a variety of auction types, including an online 24X7 marketplace and live Webcast auctions.

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 http://www.dovebid.com or call company headquarters at (800) 665-1042 or (650) 571-7400.


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

Media Relations Contact:
Lisa Hawes
Sr. Account Executive
Sterling Communications, Inc.
(408) 441-4100
lhawes@sterlingpr.com



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