GoIndustry

Press Release

FOSTER CITY, CA (March 8, 2004) - DoveBid, Inc., a global provider of capital asset auction and valuation services, in alliance with Quadrem, the global eMarketplace, announced today that it will conduct a private treaty sale for Kennecott Utah Copper of processing equipment for the mining industry.

The private treaty sale is currently being conducted with assets available immediately located at Bonneville, Magna and Barneys Canyon, UT. The sale will feature crushing circuits, ball mills, rod mills, flotation cells and various processing equipment.

To participate in this sale or preview the assets, please visit www.dovebid.com for more information.

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 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.

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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