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Press Release

DOVEBID® TO CONDUCT FOURTH AUCTION FOR ENRON CORP.

FOSTER CITY, CA (May 5, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a fourth auction in its series for Enron Corp.

The Webcast auction will be held at the Renaissance Houston Hotel in Houston, Texas on May 14, 2003 beginning at 9:00 a.m. Central Time. Featured assets include surplus computer and telecommunications equipment including routers, switches, servers, laptops, personal computers, flat screen monitors and peripherals, televisions, plasma screens, audiovisual equipment, office furnishings, vehicles, construction and aircraft maintenance equipment. Also up for sale will be the “Metal Man” costume featured in Enron’s “Ask Why” television commercials.

Participants may attend in-person or bid online. Detailed preview information, asset catalog, and online bidding instructions are available at 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 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

 

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