Press Release

DOVEBID® TO CONDUCT TWO ADDITIONAL AUCTIONS FOR ENRON CORP.

FOSTER CITY, CA (March 13, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct two additional auctions in its series for Enron Corporation. Previously, DoveBid conducted auctions for Enron Corporation in September and December 2002.

The first auction currently is being conducted by sealed bid auction and bids will be accepted through March 19, 2003 at 2:00 p.m. Central Standard Time. The auction will include Enron Broadband Services’ DWDM optical equipment for its west coast high-speed, backbone network. Featured assets include Ciena Multiwave 4000 Sentry Systems, Sycamore 8000 Systems, spares, and test & measurement equipment. To preview the assets or to place a bid, please visit www.dovebid.com.

The second auction will be held on-site at Enron’s Warehouse in Houston, Texas (3405 Navigation Blvd, Suite 600) on March 18, 2003 at 9:00 a.m. Central Standard Time. The auction will feature executive office furnishings including desks, credenzas, lamps, as well as general office furnishings including reception area, bookcases, file cabinets, lateral files, drafting tables, miscellaneous lighting, building materials and new carpet. A preview of the assets will be held on March 17, 2003 at 9:00 a.m. to 4:00 p.m. Central Standard Time at 3405 Navigation Blvd, Suite 600 and 707 N Shepherd Drive in Houston, Texas. Participants may attend in-person only.

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 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:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com


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