Press Release

World Class Life Science and Pharmaceutical Companies Leverage DoveBid's(R) Global Reach for Asset Management and Disposition

LOS ANGELES, CA (August 10, 2006) - DoveBid, Inc., (http://www.dovebid.com), the global leader in capital asset auction and valuation services, announced today it will be conducting its 50th global Life Sciences / BioPharma Exchange auction online, on August 15, 2006. The event marks a milestone for the DoveBid.com Life Sciences / BioPharma practice, and is expected to bring to-date total assets sold to over US$1 billion in original acquisition costs. Since the Life Sciences Industry Practice inception in 2003, DoveBid has dedicated global resources to bring best-in-class solutions to market supporting life science, pharmaceutical and healthcare industries.

The DoveBid Life Sciences / BioPharma Exchange enables organizations to proactively address asset management challenges in real time. DoveBid clients consign equipment from global locations and draw from DoveBid's portfolio of dedicated Marketing and Valuation solutions in order to bring the right buyers to the right assets at the right time. Global leaders participating in this program include Pfizer (NYSE:PFE), Bristol-Myers Squibb (NYSE:BMY), Procter & Gamble (NYSE:PG), Schering Corporation (NYSE:SGP), and mid-market competitors. "DoveBid's online Life Sciences marketplace and dedicated marketing deliver higher returns on surplus assets.

They understand our business, asset valuations and the global market for Life Sciences and Pharma equipment. We're seeing very positive results in asset disposition, redeployment and overall execution," said William Carr, Director of Global Sourcing for Pfizer Global R&D, Pfizer.

DoveBid offers both Self-service and Full-service, allowing global organizations the choice of outsourcing the entire process, or building their own asset catalogues online, with enhanced ease of use guided selling capabilities. Through DoveBid's online industry auction exchanges, their assets immediately become visible to millions of buyers worldwide. DoveBid markets, sells, and manages the entire payment process, and provides access to global resources without the listing fees associated with consumer oriented online auction sites. Participants may bid online, review detailed asset descriptions, equipment catalogs, and online bidding instructions at www.dovebid.com.

"With over ten million capital asset transactions, DoveBid is the standard for valuation, management and disposition of global capital assets. The DoveBid portfolio of professional services and powerful web solutions deliver quantifiable value from the shop floor to the top floor," said 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
P +1 (650) 377-2604
E jprince@dovebid.com

North America:
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