Press Release

DOVEBID® TO CONDUCT WEBCAST AUCTION OF PEARL BREWERY ASSETS AND MEMORABILIA

FOSTER CITY, CA (January 29, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it will conduct a Webcast auction of Pearl Brewery assets and memorabilia on behalf of Silver Ventures, Inc. The historic Pearl Brewery of San Antonio, Texas has been closed since April 2001.

The auction will be held on February 4, 2003 beginning at 9:00 a.m. Central Time at the Jersey Lilly Ballroom located on the Brewery site at 312 Pearl Parkway in San Antonio, Texas. The sale will include six lines of bottling, canning, labeling, conveying and other related equipment. Featured items include over fifty forklifts, palletizers, lab equipment, memorabilia, trucks, storage tanks and pumps. Among the items of memorabilia are:

  • Brewing and bottling equipment used to brew and bottle beer at the Pearl Brewery.
  • Neon signs and various signage for Schlitz Malt Liquor®, Lone Star®, Pabst Blue Ribbon®, Jax®, & Pearl®
  • Beer kegs and beer coolers
  • Laboratory equipment used for conducting Research and Development at the Brewery
  • Trailers with beer logos
  • Chandeliers from the Jersey Lilly Ballroom
  • Judge Roy Bean Gift Shop
  • Display cases with old beer cans

"This is an opportunity for San Antonians to own a piece of history," said Ken Halliday, Managing Director of Silver Ventures, Inc. "The original artesian wells at the Pearl Brewery were famous for producing "the beer from the land of 1,100 springs" – Judge Roy Bean’s favorite beer."

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 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. 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