Press Release

DOVEBID® RELEASES A NEW SELF-SERVICE UPLOAD PROGRAM WITH EXPERT REVIEW™

New automated self-service upload program allows DoveBid sellers to more easily sell products on the web

FOSTER CITY, CA (March 23, 2006) - DoveBid, Inc., (http://www.dovebid.com ), the leading business-to-business marketplace connecting global buyers and sellers, today unveiled a new self-service upload program with Expert Review™. The new program is designed to help sellers more quickly list and sell capital assets globally on the web.

The service enables businesses of any size, from entrepreneurs to the largest global 1000 companies, to automatically upload hundreds of items and make available assets to multiple online auctions with a simple click of a button. The program offers step-by-step instructions and recommendations on everything from getting started and managing auctions to utilizing marketing tools that will help sellers maximize their return on their assets. Unlike other self load tools, DoveBid has introduced 'Expert Review™' a process whereby a team of category managers review and suggest optimizations to listings to help sellers maximize their return.

"DoveBid continues to deliver valuable tools and services to our sellers to help them quickly and easily reach a global audience of qualified buyers on the Web," said Jake Mendelsohn, EVP Global Operations, DoveBid, Inc. "The new self-service program is a unique business process, combining cutting edge technology with expert disposition services, allowing sellers to dispose of assets on a consistent on-going basis, rather than in infrequent dedicated events throughout the year".

"Self Load with Expert Review™ is an important component of DoveBid's strategy to strengthen the liquidity of its rapidly growing auction exchanges," said Brent Cohen, Chief Executive Officer, DoveBid, Inc. "This service is especially useful to our customers with geographically dispersed locations who can now easily contribute under performing assets to our global marketplace on an ongoing basis."

Simple and fast to use, the new upload functionality gives sellers a wide variety of features designed to streamline the selling process. The following are a few of the new features available to sellers:

  • Collaborative Catalog Creation - Companies may aggregate assets in one or more catalogs and allow multiple branch offices or locations to contribute assets for auction


  • Sales Terms Management - Sellers may determine the opening bid or reserve price and how or where the assets should be sold


  • Self Loader - Allows pictures, descriptions, serial numbers and even attachments to be uploaded


  • Expert Review - Unlike other self service exchanges, DoveBid offers Expert Review™ where actual category managers review and suggest optimizations to listings to help maximum return


  • Post Auction Review - Offers the seller real time reporting of sales results and return on investment statistics to help optimize future DoveBid sales.

Instantly creating a global market for under performing assets
This new service offers sellers the opportunity to frequently reach DoveBid’s millions of customers and interact with global buyers through DoveBid’s targeted marketing and communication. Sellers from around the world may start using the new service today by visiting http://amp.dovebid.com.

For a complete list of our upcoming auctions, equipment asset catalogs, and brochures, please visit DoveBid's Website at http://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