Press Release

DOVEBID® TO CONDUCT THIRD AUCTION ON BEHALF OF VEECO INSTRUMENTS INC.

FOSTER CITY, CA (March 14, 2005) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct Veeco Slider Process Equipment Inc. - Sale #3, a one-day Webcast auction featuring Surplus Assets of a 120,000 Sq. Ft. Dicing Saw Manufacturer.

This third in a series of auctions for Veeco Instruments Inc. will be conducted onsite and broadcast over the Internet at DoveBid’s Website on March 23, 2005 beginning at 9:00 a.m. Pacific Time in Ventura, CA. Featured items for this Webcast auction include Tecnara Toolholders, Tombstone Fixtures, CNC Gang Slicers, CNC Vertical Machining Centers, EDM’s, Grinders and more.

DoveBid sold Wire EDM Machines and CNC Horizontal Machining Centers in the first two auctions for Veeco. This third in a series is another example of DoveBid conducting multiple auctions on behalf of companies worldwide where sellers gain broad asset exposure to a global audience of buyers and maximize their returns on surplus capital equipment.

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