GoIndustry

Press Release

FOSTER CITY, CA (March 2, 2006) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a Webcast auction of the remaining equipment of a Surfboard Blank Manufacturing Facility, by order of Clark Foam. Clark Foam, a world famous surfboard core manufacturer, has been in operation from 1961 to the present.

The Webcast auction will be conducted live over the Internet at DoveBid's Website on March 8, 2006, beginning at 9:00 a.m. Pacific Time in Laguna Niguel, California. This auction features Surfboard Blank Manufacturing, Specialized Manufacturing, Woodworking, Material Handling & Plant Support Equipment, Trucks, Trailers, Computers, Custom Computer Software and much more. A preview of the assets will take place on March 6 & 7, 2006, from 9:00 a.m. to 4:00 p.m. Pacific Time and the morning of the sale.

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 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