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Press Release

INDUSTRIAL MANUFACTURING COMPANIES EXPAND ASSET MANAGEMENT AND DISPOSITION OPTIONS THROUGH DOVEBID®'S PORTFOLIO OF SERVICES

LOS ANGELES, CA (August 11, 2006) - DoveBid, Inc., (http://www.dovebid.com), the world leader in capital asset auction and valuation services, announced today it is conducting its 11th global Industrial Manufacturing & Manufacturing Machinery Exchange auction online on August 23, 2006. Since inception, DoveBid's Manufacturing Machinery Industry Practice has dedicated global resources to bring best-in-class solutions to market in support of world-wide industrial manufacturing industries.

The DoveBid Manufacturing Machinery Exchange enables organizations with decentralized business operations to proactively address asset management challenges in real time. DoveBid clients consign equipment from global locations and tap DoveBid's extensive portfolio of dedicated Marketing solutions to bring the "right" buyers to the right assets at the right time. Global leaders participating in this program include United Technologies (NYSE: UTX); Visteon (NYSE: VC), Schneider Electric/Square D, Delphi (NYSE: DPH), Eaton (NYSE: ETN).

DoveBid.com features self service, giving sellers the capability to build their own online asset catalogues, with easy to use guided selling tools. Clients with more complex needs are supported through DoveBid's Full service managed services portfolio. Once asset catalogues are uploaded into the Manufacturing Machinery Exchange, assets become immediately visible to millions of buyers worldwide through targeted marketing campaigns.

DoveBid markets, sells, and manages the entire payment process without the listing fees associated with consumer online auction sites. Buyers may review detailed asset descriptions, photographs, specifications, equipment catalogs, online bidding instructions, and bid online at www.dovebid.com.

"After several million transactions, DoveBid is the standard for valuation, management and disposition of capital assets. Industrial Manufacturing is a high velocity vertical with complex requirements. DoveBid has developed the tools, visibility and business intelligence to track geographic demand trends by asset class, and empower clients with the ability to redeploy assets within the enterprise, improve disposition cycle times, and institutionalize best-practices in asset management and control." 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:

Americas:
DoveBid, Inc.
P +1.310.775.6700
F +1.310.775.6800

Europe/ Middle East/ Africa:
DoveBid Trading France SARL
P +33.(0).1.55.20.06.10
F +33.(0).1.55.20.06.11

Asia Pacific:
DoveBid Singapore Pte Ltd
P +65.63344266
F +65.63340469