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Press Release
DOVEBID® TO CONDUCT WEBCAST AUCTION FOR NEXTCARD, INC.
FOSTER CITY, CA (January 7, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it will conduct a Webcast auction for NextCard, Inc. NextCard, Inc. operated as an online consumer credit card issuer prior to the closure of its subsidiary, NextBank N.A., in early 2002. The company filed for Chapter 11 bankruptcy protection in November 2002.
The auction will be held on January 15, 2003 beginning at 9:00 a.m. Pacific Time at DoveBid, Inc’s corporate headquarters in Foster City, California. The sale will include high-end IT equipment, servers, routers, computers, furniture, and telephone equipment. To participate in the auction, 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 an additional 100+ upcoming auctions on DoveBid’s auction calendar. For a complete list of 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 services to meet its customers’ specific needs, including live Webcast auctions, on-site-only auctions, 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 uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses.
Headquartered in Foster City, California, DoveBid has over 65 years of auction experience in the capital asset industry with more than 40 locations throughout North America, Europe and the Asia-Pacific region. More information on DoveBid can be found at www.dovebid.com or by contacting company headquarters at (800) 665-1042 or (650) 571-7400.
DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.
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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
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