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Press Release

FOSTER CITY, California. (September 6, 2000) - DoveBid, Inc., a leader in Webcast and online capital asset auctions and valuation services, today announced seven new transaction support services through its referral network that will complement DoveBid's turnkey asset disposition services. The new support services include: transportation and logistics; asset inspection services; maintenance, repair and operations procurement; financing; photography; credit rating; and insurance.

"DoveBid is pleased to add these new transaction support services that will allow us to better serve our current customers and support our auction and valuation services business. With these additions, DoveBid is able to make it easier for sellers to realize a higher return on sales of their used assets, and to offer convenience and security for buyers," said Jeff Crowe, president and COO of DoveBid.

"Because I buy and sell equipment through DoveBid's online auctions, services like these make my work that much easier," said Jeffrey Simon, president of Jesco Enterprises Inc, a liquidator and distributor of computer equipment. "I gain the convenience and cost-efficiency by not having to coordinate support service like transporting an asset to a buyer or sending one of my representatives out to an auction preview for inspections. It's great that DoveBid assists in making all the arrangements for me," Simon added.

TRANSPORTATION AND LOGISTICS
DoveBid Transportation Services was formed to complement DoveBid's auction capabilities by providing full, end-to-end transportation services for DoveBid's customers. This requires the coordination of efforts of several separate vendors to break down, crate, ship and sometimes arrange for warehousing of the asset. Rather than a customer making the arrangements, DoveBid's network of 18 reputable rigging and transportation professionals who are licensed and insured will provide the services.

ASSET INSPECTION
DoveBid Inspection Services consists of a network of trained capital asset inspectors across major markets worldwide who provide value-added assistance to remote buyers. For example, if a customer is unable to view assets personally, an experienced inspector can perform the following for any asset: visual inspection; confirmation identification, capacity or specifications, and review of maintenance history. This in turn helps customers make better purchasing decisions with prompt, reliable, and standardized inspections.

MRO PROCUREMENT
Datastream Systems, a leading industrial asset management company, will connect DoveBid customers with maintenance, repair and operations (MRO) parts suppliers through their iProcure network. iProcure enables end-to-end automated procurement of industrial goods and services from leading suppliers such as AppliedLink, Fastenal Company, Ferguson Enterprises, LL National, PurchasingCenter.Com, and WESCO Distribution, Inc.

FINANCING
DoveBid has established a relationship with LENDX, the premier on-line corporate equipment finance marketplace, to provide customers with access to the capital required to make asset purchases. Using the LENDX marketplace, customers can secure financing for any type of asset through a broad network of funding sources.

PHOTOGRAPHY
Through an alliance with Documentation Services International (DSI), DoveBid offers buyers the ability to see or inspect assets up close and in detail on VHS video or photos per their specific requests. Videos and photos are delivered via next day air or email. Sellers have the ability to post streaming video or zoom & pan image listings that show their assets up close and in detail over the Internet. DSI covers every zip code in the U.S. and more than 3,000 cities in Canada.

CREDIT RATING
Dun & Bradstreet reports are renowned for the up-to-date company and credit information they provide on over 11 million U.S. businesses. Through an alliance with Telebase, DoveBid customers can find the Dun & Bradstreet financial, payment activity or corporate background information they need to make their credit decisions, sales calls and other business activities more profitable.

INSURANCE
WebTradeInsure provides access to transit insurance coverage for online business-to-business transactions to protect against loss or damage during shipment. Through an alliance with WebTradeInsure, DoveBid will provide customers who purchase items with more confidence when they ship their items with the WebTradeInsure Transit Insurance in force.

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 transaction support services, DoveBid is creating a liquid, global market for capital assets. DoveBid covers used capital assets in 19 asset categories. Buyers and sellers can participate in a variety of auction types, including live Webcast auctions and an online 24x7 marketplace. Headquartered in Foster City, California, DoveBid has more than 20 offices throughout North America, Europe and the Asia-Pacific region. 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
V.P., Corporate Strategy & Corporate Marketing
DoveBid, Inc.
(650) 571-7400 x682
dli@dovebid.com

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

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