GoIndustry

Press Release

FOSTER CITY, CA (December 2, 2004) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct an Unreserved Webcast auction by order of DoveBid Construction Group. This auction will be held at the new permanent DoveBid Sacramento Facility and will feature surplus Excavators, Dozers, Wheel Loaders, Motor Graders, Rollers, Trucks and Trailers, and more.

The Webcast auction will be conducted onsite and broadcast over the Internet at DoveBid’s Website on December 15, 2004 beginning at 9:00 a.m. Pacific Time at 6000 Mortono Street, Sacramento, CA. Featured items for this Webcast auction include Caterpillar Excavators, Dozers, and Rollers, John Deere Motor Graders, Bobcat Skid Steer Loaders, and more.

"DoveBid opened this 9-acre, 24-hour secured site in response to our clients’ need for a global and cost-effective solution to liquidate heavy surplus equipment. In addition to providing clients with a venue to dispose of surplus construction, transportation, forestry, and agriculture equipment, buyers can rely upon the quality of auction services DoveBid has established as a leading auctioneer in over twenty-five industries", said Ross Dove, Chairman and Chief Executive Officer of DoveBid. "We are looking forward to the success of this auction and are currently working on finalizing the details of DoveBid’s second Sacramento Construction Auction slated for March 16, 2005."

Participants may attend in-person or bid online. Detailed preview and buyer’s premium information, asset catalog, and online bidding instructions are available at www.dovebid.com.

For a complete list of our upcoming 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 Contact:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com