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Press Release

FOSTER CITY, Calif. (September 5, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it has signed an auction agreement with Enron Corp. to auction surplus assets in Houston, Texas via a series of Webcast auctions. Previously, DoveBid conducted the auction of Enron Europe Limited’s headquarters assets on behalf of the administrators of PriceWaterhouseCoopers (PWC) in February 2002.

The Webcast auction will be held at Enron’s Shepherd Drive Warehouse on September 25, 2002 and September 26, 2002 beginning at 9:00 a.m. CDT each day. Featured assets include servers, routers, switches, desktop and laptop computers, flat-panel monitors, plasma screen televisions, Herman Miller Aeron chairs and artwork. Participants may attend in-person or bid online. Assets may be previewed on September 24, 2002 from 9:00 a.m. to 4:00 p.m. CDT at the same location as the sale. Detailed preview information, asset catalog, and online bidding instructions are available at http://www.dovebid.com.

There are an additional 100+ upcoming auctions on DoveBid’s auction calendar. For a complete list of our auctions, equipment asset catalogs, and brochures, please visit DoveBid’s Web site 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. 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.

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DoveBid Contacts:
Cammeron Finnegan
Director, Investor Relations
DoveBid, Inc.
(650) 377-2762
cfinnegan@dovebid.com

Shanta A. Kohli
Marketing Communications Manager
DoveBid, Inc.
(650) 377-2650
skohli@dovebid.com