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Press Release
DOVEBID® ANNOUNCES AUCTION AGREEMENT WITH LAND O’ LAKES, INC.
FOSTER CITY, Calif. (July, 17, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it has signed an auction agreement with Land O’ Lakes, Inc., a national food and agricultural cooperative.
Land O’ Lakes, Inc. has engaged DoveBid to sell dairy and food processing equipment. Featured items include Day Ribbon blenders, Lane Portion cup fillers, Entire Benhil Wrap Line, Littleford Mixer, Creamery Package Homogenizer, and Heat Exchange Systems. The sale will take place on July 30th in Arden Hills, MN beginning at 10 am CT.
"We are using DoveBid to help us maximize our return on surplus assets," said John Bottger, Vice President, Operations at Land O’ Lakes Dairy Foods. "DoveBid will broadcast a live Webcast auction to help Land O’ Lakes, Inc. dispose of surplus dairy and food processing equipment worldwide."
To participate, buyers may bid live via the Internet at www.dovebid.com or attend in person. To preview assets, please visit www.dovebid.com for locations and dates.
There are additional 100+ upcoming auctions on DoveBid’s auction calendar. For a complete list of our auctions, equipment asset catalogs, brochures, please visit DoveBid’s website at www.dovebid.com.
About DoveBid®
DoveBid, Inc., is a global provider of capital asset auction and valuation services to large corporations and financial institutions with over 65 years of auction experience in the surplus capital asset industry. DoveBid has conducted over 5,000 capital asset auctions and sold over $5 billion of assets. DoveBid delivers an integrated set of services to its customers for the disposition, valuation and redeployment of their surplus capital assets. DoveBid offers an array of auction and managed services to meet its customers’ specific needs, including live Webcast auctions broadcast over the Internet, on-site-only auctions, Internet featured online auctions and privately negotiated sales. DoveBid Managed Services offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation.
DoveBid Valuation Services (DVS) is a leading valuation firm. DVS uses its extensive database of transaction information to provide valuations of capital assets for financial institutions and large businesses. Financial institutions utilize DVS to facilitate decisions regarding asset-based loans and capital equipment leases. DoveBid’s corporate valuation practice also assists corporations with important business issues related to financial reporting, tax reporting and management planning.
DoveBid focuses on 22 categories of capital assets and has 40 locations throughout North America, Europe and the Asia-Pacific region. More information on DoveBid can be found at http://www.dovebid.com or by contacting company headquarters at (800) 665-1042 or +1 (650) 571-7400.
DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.
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DoveBid Corporate Contact:
Shanta A. Kohli
Public Relations & Media Inquiries
DoveBid, Inc.
(650) 377-2650
skohli@dovebid.com
Auction Contact:
Brian Blakeney
Director, Auction Marketing
(650) 377-2639
bblakeney@dovebid.com
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