Press Release

DOVEBID® ANNOUNCES ITS 12th INDUSTRIAL MANUFACTURING MACHINERY EXCHANGE FEATURING WORLD CLASS MACHINE TOOLS FROM EUROPE & NORTH AMERICA

LOS ANGELES, CA (September 14, 2006) - DoveBid, Inc., (http://www.dovebid.com), the leading global provider of capital asset management and valuation services, announced today it will conduct its 12th online auction of industrial manufacturing machinery beginning September 20, 2006.

DoveBid Industrial Manufacturing Machinery Exchange #12 will feature 1,000 quality assets from global leaders including United Technologies (NYSE: UTX), Delphi (NYSE: DPH), Ford Motor Company (NYSE: F), Visteon (NYSE: VC), and Lear Corporation (NYSE: LEA).

Featured assets include a Clearing S4-2000-186-108 2000-Ton Blanking Press Line, CNC Plastic Injection Molding Machines, an ONA Prima S900 Plus AWF Wire EDM Machine, a Biesse Rover 346 CNC Twin Pallet Router, a Komo VMV144 10HP 3-Axis CNC Vertical Machining Center, a Bullard Dynatrol Model 46 46" CNC Vertical Turret Lathe, a Fellows 12R 0.5" To 14" Diameter Capacity Gear Grinder, Defiant & Hurco CNC Machining Centers, an Outokumpu Fabrication Technology Rolling Mill, a Pangborn 2GT-50 Rotoblast Continuous Cycle Rotary Shot Blast Machine, and six Wheelabrator-Canada High Energy Pulse Cartridge-Type Dust Collectors.

Bidding on items in Europe will commence Wednesday, September 20 at 9AM GMT and will cease Thursday, September 21, 2006 at or after 4PM GMT. Bidding on items in North America will commence Wednesday, September 20 at 9AM PT and will cease Thursday & Friday, September 21 & 22, 2006 at or after 11AM PT. For additional information including detailed catalogue previews and online bidding instructions, buyers and sellers are encouraged to visit www.dovebid.com.

About DoveBid
DoveBid, Inc. is the leading global provider of capital asset management and valuation services. DoveBid delivers a turnkey, outsourced set of solutions to corporations and financial institutions for the valuation, redeployment and disposition of capital assets. 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 management expertise with associates in 37 offices and 20 countries. More information on DoveBid can be found at www.dovebid.com or by contacting the company directly at (800) 665-1042 or (310) 775-6700.

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

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GoIndustry-DoveBid Contacts:

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