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Press Release
DOVEBID® TO CONDUCT 4-DAY WEBCAST AUCTION FOR FLEMING COMPANIES, INC.
FOSTER CITY, CA (June 5, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct its first Webcast auction in a series of sales for Fleming Companies, Inc., a food distributor and retail grocer, who filed Chapter 11 bankruptcy protection in April 2003.
The 4-Day Webcast auction will be held near the Dallas-Fort Worth Airport at the Embassy Suites Hotel at 2401 Bass Pro Drive in Grapevine, Texas, on June 10, 2003 through June 13, 2003 beginning at 9:00 a.m. Central Time each day. The auction will feature 1.5 million square feet of warehouse and distribution centers, racking and moving stock, over 400 vehicles including trucks, tractors, trailers, and grocery store assets from over 20 supermarkets including deli, bakery, meat dept, coolers, gondola racking, point-of-sale systems and more.
Participants may attend in-person or bid online. Detailed preview information, asset catalog, and online bidding instructions are available at www.dovebid.com. For further information, please contact Renee Jones, CAI at rjones@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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