Press Release

DOVEBID® TO CONDUCT AUCTION FOR PFIZER INC

FOSTER CITY, CA (January 27, 2005) - DoveBid, Inc., a global provider of capital asset auction and valuation services, in cooperation with Aaron Equipment Company and Perry Videx announced today that it will conduct a Webcast auction by order of Pfizer Inc. This auction will feature assets from a State-of-the-Art Pharmaceutical Manufacturing Facility, including surplus Pharmaceutical Processing & Lab Equipment.

The Webcast auction will be conducted live over the Internet at DoveBid’s Website on February 10, 2005 beginning at 10:00 a.m. AST in San Juan, Puerto Rico. Featured items for this Webcast auction include (3) Heinkel Model HF800.1 TL316L Stainless Steel Inverting Basket Centrifuges, a DeDietrich/Cie-France Model "U" 4117 Glass Lined Reactor Vessel with Agitator, (7) Precision 500-Gallon Stainless Tanks, (2) Manesty Machines Ltd Model Drycota DC900 Tablet Machines, a DCI 25,000-Liter Stainless Steel Vertical Tank, (2) Patterson Kelly Stainless Steel Twin Shell Blenders, 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 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. We deliver a turnkey, outsourced set of services to corporations and financial institutions for the valuation, redeployment and disposition of their surplus capital assets. Through DoveBid Auction Services we offer several types of auction formats, including live webcast auctions, featured online auctions, on-site-only auctions and privately negotiated sales. As part of our auction services, we also offer our customers AssetZone, a hosted, Internet-based application that monitors surplus assets inside the corporation. DoveBid Valuation Services is our professional services organization that provides capital asset valuations to financial institutions and corporations. Our valuation professionals utilize our large database of transactions and other valuation resources to conduct appraisals of machinery, manufacturing equipment, business inventory and other capital assets.

Headquartered in Foster City, California, USA, DoveBid has over 67 years of auction experience in the capital asset industry with more than 40 locations in 16 countries. 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 Contact:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com