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Press Release DOVEBID WELCOMES TODD RULON-MILLER TO ITS BOARD OF DIRECTORS - Former Netscape Senior VP Joins Board of Leading Online and On-site B2B Auctioneer - Foster City, CA (December 14, 1999) — DoveBid, Inc., the world’s leading online and on-site business-to-business (B2B) auctioneer and capital asset sale advisor, today announced the appointment of a leading e-commerce industry expert to its board of directors. Todd Rulon-Miller, a former senior vice president of Netscape Corporation, joins the DoveBid board of directors following the company’s successful online launch. "The appointment of Todd could not have come at a better time for DoveBid," said Ross Dove, Chairman and CEO of DoveBid. "As we continue to expand our online services, leveraging the skills and talents of our board members is a key factor to our success. Todd, with his sales, technological and management experience, is a valuable asset to DoveBid’s board." In addition to his position at DoveBid, Todd Rulon-Miller is founding partner of Apogee Venture Group, an "angel" venture group that assists technology companies in the very early stages of development. Rulon-Miller is also on the board of directors for Active Software (NASDAQ, ASWX), Icarian Inc., Oblix Inc. and WebSentric AG. Moreover, he serves on the marketing advisory board for E.piphany (NASDAQ, EPNY). While at Netscape, Rulon-Miller was senior vice president of sales, technical support, and professional services as the company grew to over $600 million in revenues and over 3500 employees in less than three years. Rulon-Miller was also responsible for contributing to the building of operations for Netscape in over 30 countries worldwide. Prior to Netscape, Rulon-Miller was president and CEO of Software Alliance. Previously, he spent six years as vice president of North American Operations at NeXT, Inc., and he has held various senior sales management positions at IBM and Tandem, now a division of Compaq (NYSE, CPQ). He holds a BA from Princeton University. "DoveBid is pursuing one of the most exciting opportunities in the business to business e-commerce space. It is the embodiment of a leading-edge ’clicks and mortar’ strategy", said Rulon-Miller. "I am thrilled to participate in DoveBid’s strategic direction at this exciting time of rapid growth." About DoveBid DoveBid’s e-commerce auction site features: computers, disk drive and media manufacturing equipment; biotech and lab equipment electronics; electronic test and measurement; food and chemical processing; woodworking equipment and mills; metalworking and machine tools; office furnishings and equipment; plastics equipment; audio-video-broadcast production equipment; power production equipment; printing equipment; printed circuit board fab and assembly equipment; semiconductor fab equipment; telecommunication equipment; textile and apparel manufacturing equipment; plant support equipment; and petrochemical equipment. DoveBid also provides complete valuation services for sellers, buyers and financial institutions. Since 1937, DoveBid has successfully sold more than $5 billion in corporate assets, selling more than 10 million individual lots. For more information, visit DoveBid’s web site at http://www.dovebid.com or call company headquarters in Foster City, CA, at (800) 665-1042 or (650) 571-7400.
Lisa Hawes
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