FOSTER CITY, Calif.--Nov. 5, 2001--DoveBid, Inc., the leader in Webcast industrial auctions, valuation services, and other capital asset disposition services for the Global 4000, reports a record number of Webcast participants in its auction for the Webvan Group, Inc. on October 30-31st. Almost 5,000 bidders were online and approximately 900 bidders on the auction floor, representing a 10,000% increase in Webcast bidders compared to our first Webcast auction for Raytheon in January of 2000. One week earlier, DoveBid conducted the largest Webcast auction for Xerox with over 15,000 items from eleven locations worldwide in a five-day sale. To date, DoveBid has seen bidders log on from all 50 states and 28 countries worldwide.
DoveBid webcasts real-time auctions live over the Internet at http://www.dovebid.com and conducts featured online auctions and on-location auctions. View over 100 auctions on DoveBid`s auction calendar at http://www.dovebid.com.
About DoveBid(R)
DoveBid, Inc. is a leader in Webcast industrial auctions and valuation services for Global 4000 businesses. DoveBid has conducted over 5,000 of industry-specific auctions valued at over $5 billion of assets. DoveBid`s asset disposition services include live Webcast auctions, featured online auctions and a corporate marketplace. DoveBid Valuation Services is one of the world`s largest capital asset appraisal companies, with the industry`s largest valuation database and real market data. DoveBid focuses on 19 categories of capital assets and has more than 20 offices throughout North America, Europe and the Asia-Pacific region. More information on DoveBid can be found at http://www.dovebid.com or by contacting company headquarters in Foster City, California, at 800/665-1042 or 650/571-7400. DoveBid and the DoveBid logo are trademarks of DoveBid, Inc.
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CONTACT:
DoveBid, Inc.
Daphne Li, 650/377-2682
dli@dovebid.com
or
Sterling Communications (for media inquiries)
Megan Donnelly, 408/441-4100
mdonnelly@sterlingpr.com
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