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Press Release

FOSTER CITY, CA (August 29, 2005) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it has renewed the Master Service Agreement to manage surplus capital assets for Ford Motor Company – North America. This agreement extends the relationship between DoveBid and Ford Motor Company – North America through January 31, 2007. DoveBid provides surplus capital asset management and disposition services to Ford Motor Company – North America, its affiliates and wholly owned subsidiaries throughout the United States, Canada and Mexico.

DoveBid is currently conducting Private Treaty Sales of a number of capital assets, including a Complete State-of-the-Art Flat Metal Line for Ford Motor Company – North America. Detailed preview information, asset listing, photos and bidding instructions are available at www.dovebid.com.

There are an additional 100+ upcoming auctions on DoveBid’s calendar. For a complete list of our 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