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Press Release DOVEBID® ADDS ASIAN AFFILIATES TO WEBCAST NETWORK B2B Webcast Auctioneer Continues to Build Global Base of Buyers FOSTER CITY, California (December 14, 2000) - As part of its continued effort to expand and strengthen its Asian presence, DoveBid, Inc., a leader in Webcast and online capital asset auctions and valuation services, today announced the addition of four Asian affiliates to the DoveBid Webcast NetworkSM, bringing the total number of domestic and international affiliates to 18. "DoveBid has built its position in the B2B market for used capital assets by serving customers globally," said Ross Dove, CEO and Chairman of DoveBid. "Working with these four companies in key markets like Singapore and Thailand will enable us to continue providing the buyers and suppliers we currently serve with the global support they have come to expect. It will also allow us to extend our services to additional Asian buyers and suppliers who can benefit from the savings, efficiencies and new business opportunities that the DoveBid Webcast Network can provide." Through the DoveBid Webcast Network, affiliates broadcast DoveBid's capital asset auctions directly to their customers, offering an additional service to their clients, as well as broadening the community of potential buyers at DoveBid auctions. The four Asian affiliates of the DoveBid Webcast Network include:
The addition of these affiliates further extends DoveBid's global reach and the Company's ability to serve buyers and sellers through DoveBid's myriad asset disposition programs. With regional offices in Singapore, Hong Kong, and Thailand, DoveBid serves local companies by providing the access to its assets disposition services, including live Webcast auctions, around-the-clock online auctions, featured online auctions, on-location auctions, sealed bid Internet sales, and private treaty Internet sales. "Our goal has been to serve as a complete e-Commerce resource to the machinery and construction industries in Asia. We provide content, create communities that can exchange knowledge and ideas, and enable e-Commerce," said Kevin Painter, CEO of Neptus Group, the parent company of both ACons and AMP. "We are delighted to have formed the strategic alliance with DoveBid. Being a Webcast Affiliate, members of both Acons and AMP will benefit our combination of content, community, and a comprehensive suite of auction services through DoveBid." About DoveBid Corporate Contact:
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