Press Release

DOVEBID® TO CONDUCT FOURTH CONSTRUCTION AUCTION AT PERMANENT CALIFORNIA SITE

FOSTER CITY, CA (August 4, 2005) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct the fourth in a series of Webcast auctions. This auction will be held at the permanent DoveBid Sacramento Facility and will feature surplus Excavators, Dozers, Wheel Loaders, Motor Graders, Rollers, Trucks and Trailers, Paving Equipment and more.

The Webcast auction will be conducted onsite and broadcast live over the Internet at DoveBid’s Website on September 28, 2005 beginning at 10:00 a.m. Pacific Time at 6000 Mortono Street, Sacramento, CA. Participants may attend in-person or bid online. Detailed preview and buyer’s premium information, asset listing, photos and online bidding instructions are available at www.dovebid.com.

Consignors are still being accepted for this auction. Please visit www.dovebid.com for information on how to consign equipment into this event.

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 37 locations in 15 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