Press Release

DOVEBID® HAS RESCHEDULED SECOND AUCTION BY ORDER OF TECHNEGLAS

FOSTER CITY, CA - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it has rescheduled Techneglas, Inc. - Sale #2, a two-day Webcast auction by order of Techneglas with the approval of the U.S Bankruptcy Court, Southern District of Ohio, Eastern Division, Case No. 04-63788 of the complete closure of a Television Glass, Funnel & Panel Manufacturing Facility.

This second in a series of auctions for Techneglas will be conducted onsite and broadcast over the Internet at DoveBid’s Website on April 27 - 28, 2005 beginning at 9:00 a.m. Eastern Time each day in Columbus, OH. Featured items for this Webcast auction include Television Glass, Funnel & Panel Manufacturing, CNC Machining & Turning, Fabricating, Toolroom, Inspection & Material Handling Equipment 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