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Press Release
CARGILL SELECTS DOVEBID® FOR GLOBAL ASSET MANAGEMENT AND DISPOSITION SERVICES PROGRAM
FOSTER CITY, CA (February 5, 2004) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it has been selected by Cargill, Incorporated as its primary strategic supplier for asset disposition and redeployment services worldwide. Cargill signed a three-year contract with DoveBid to provide capital asset management and remarketing services to all Cargill locations globally.
"We are pleased to be integrating DoveBid’s complete Surplus Asset Management Program within Cargill’s global operations, including our AssetZone suite of asset management tools, to provide a cost-effective solution to identify, redeploy and remarket surplus capital assets," said David Gigerich, President, DoveBid Managed Services. "Having one of the world’s leading agricultural and food companies select DoveBid is a true testament to the success of DoveBid Managed Services capabilities."
"Our partnership with DoveBid is key to Cargill’s ongoing efforts to maximize our investment recovery," said Doug Jensen, Senior Sourcing Manager, Cargill. "We’re counting on DoveBid’s demonstrated experience in asset management and disposal, as well as its investment recovery expertise, to help us strategically identify, redeploy, and dispose of surplus assets, by way of its multiple disposal channels."
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.
About Cargill, Incorporated
Cargill, Incorporated is an international marketer, processor and distributor of agricultural, food, financial and industrial products and services with 98,000 employees in 61 countries. The company provides distinctive customer solutions in supply chain management, food applications, and health and nutrition.
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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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