Press Release

LOS ANGELES, CA (August 4, 2006) - DoveBid, Inc., (http://www.dovebid.com), the leading global capital asset and disposition services provider today named Mr. Wim Giezenaar as Senior Vice President and Managing Director, Asia Pacific. Giezenaar will be based in Singapore and responsible for the overall management and growth of DoveBid's business in Asia Pacific.

Mr. Giezenaar has over thirty years experience establishing and managing large multinational organizations in both Europe and Asia. An original founder of NEC Computers International, Mr. Giezenaar grew the company to over 2,000 employees and sales of $1.8 Billion US. Subsequently he assumed the role of Executive Vice President, Asia Pacific for both the Packard Bell and NEC brands, managing business operations across eight countries in the region. He also served as Chief Financial Officer for Koninklijke Gazelle Rijwielfabriek B.V., the largest bicycle manufacturer in Europe.

"I am excited to join the DoveBid management team and build on the Company's strong momentum throughout Asia. A tremendous opportunity exists to increase the services available to global customers with dynamic business operations. At the same time, small and medium businesses are rapidly embracing DoveBid's sophisticated online asset management tools and services- in particular, the recently announced multi-lingual / currency self-service tool to load assets and participate in DoveBid's industry vertical exchange sales." commented Giezenaar.

"We're very pleased to have Wim join DoveBid. He brings a wealth of local knowledge, experience and organizational leadership to our global management team. His deep background in finance, manufacturing and multinational business operations will support implementing the processes and initiatives necessary to execute on behalf of global customers and build market share. We are continuing to invest in people, processes and technology to meet increased global demand for DoveBid asset management and disposition services." Brent Cohen, CEO, DoveBid, Inc.

About DoveBid
DoveBid, Inc. is the global leader in capital asset management and valuation services; helping companies identify, redeploy and dispose of surplus assets through privately negotiated sales, live and online auctions, and industry specific web exchanges supporting key verticals and market segments. The Company provides strategic insight and valuation services for financial reporting, tax, secured lending and planning purposes.

Headquartered in Los Angeles, California, USA, DoveBid has over 67 years of industrial capital asset experience with more than 40 locations in 16 countries. More information on DoveBid can be found at www.dovebid.com or by contacting the company directly at (800) 665-1042 or (650) 571-7400.

DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.

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DoveBid Contacts:

Josh Prince
Director, Corporate Development
DoveBid, Inc.
P +1 (650) 377-2604
E jprince@dovebid.com

DoveBid, Inc.
10877 Wilshire Boulevard, Suite 600
Los Angeles, CA 90024
P +1 (310) 775-6700
F +1 (310) 775-6800

DoveBid Singapore Pte Ltd
38 Mosque Street
Singapore 059516
P +65 63344266
F +65 63340469