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Press Release DOVEBID FILES REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING Foster City, CA (August 10, 2000) - DoveBid, Inc., a leader in Webcast and online capital asset auctions and valuation services, today announced the filing of a Registration Statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. All shares covered by the registration statement are being offered by the Company. DoveBid is a leader in Webcast and 24x7 online used capital asset auctions. DoveBid's online auctions offer used capital assets in 19 vertical markets including biotech and lab equipment electronics; computers; electronic test and measurement; metalworking and machine tools; printed circuit board fab and assembly equipment; semiconductor fab equipment; and telecommunications equipment. DoveBid offers 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. Buyers and sellers can participate in a variety of auction types, including continuous 24X7 auctions, Featured Online auctions and live Webcast auctions. Credit Suisse First Boston will act as the lead underwriter of the offering. The co-managers are Thomas Weisel Partners and U.S. Bancorp Piper Jaffray. A Registration Statement relating to the Common Stock of DoveBid, Inc. has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. A copy of the preliminary prospectus may be attained from DoveBid, Inc. 1241 E. Hillsdale Ave. Foster City, CA 94404. Attn. Chief Financial Officer. Contact:
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