INDUSTRIAL MANUFACTURING COMPANIES EXPAND ASSET MANAGEMENT OPTIONS THROUGH DOVEBID® ’S PORTFOLIO OF

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The DoveBid Manufacturing Machinery Exchange enables organizations with decentralized business operations to proactively address asset management challenges in real time.
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August 17, 2006 (Press Release) -- LOS ANGELES--August 11, 2006 06:02 PM US Eastern Timezone - 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


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For more information:

DoveBid, Inc.
10877 Wilshire Boulevard, Suite 600
Los Angeles, CA 90024, United States
Tel +1.310.775.6700
Fax +1.310.775.6800

Publisher: Josh Prince




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