Worldwide Bidders Compete for Packaging and Processing Equipment at DoveBid® Online Auction

Business Wire, Oct 31, 2007

LOS ANGELES -- DoveBid, Inc., the leading global provider of capital asset auction and valuation services, announced today that its second Packaging and Processing Exchange (PPX#2) online auction successfully ended with total proceeds in excess of USD $700,000.

"This new Packaging and Processing Exchange was launched in September and both the first and second sales surpassed our estimated proceeds. This is another excellent example of how DoveBid utilizes its global audience network to support companies' efforts to dispose their surplus assets that are located around the world," said Tom Conwell, Vice President for DoveBid's Packaging and Processing Group.

The Packaging and Processing Exchange (PPX#2) online auction contained over 500 lots of surplus assets slated for sale from major global companies in BioPharma, Food, Beverage, Cosmetic, Nutraceutical, and other industries. DoveBid Marketing Services created and launched a global marketing campaign in multiple languages, generating over 12,000 page views and approximately 160 registered bidders from around the world. Buyers originated from Australia, Canada, Colombia, France, Mexico, Netherlands, Russia, Spain, Switzerland, United States, and many other countries.

DoveBid's third Packaging and Processing Exchange (PPX#3) online auction will be conducted November 28 - 29, 2007, from 1:00 a.m. PST until 6:00 p.m. PST at http://www.dovebid.com and will feature surplus equipment from North America and Europe representing Procter and Gamble, Pfizer, Eli Lilly, Pepsi Co., Pepsi Bottling Group, and other global companies. Assets include Kettles, Tanks, Agitators, Heat Exchangers, Pumps, Mills, Powder Blenders, Centrifuges, Ovens, Fryers, Presses, Filters, Sifters, Homogenizers, Fillers, Cappers, Labelers, Cartoners, Case Packers, Case Sealers, Check Weighers, Conveyors, Palletizers, Tablet Presses, Coders, Flexible Bagging Equipment, and much more.

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 69 years of industrial capital asset management expertise with associates in 37 offices and 20 countries.

Additional information on DoveBid can be found at http://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.