WORLDWIDE BIDDERS COMPETE FOR PACKAGING AND PROCESSING EQUIPMENT AT DOVEBID® ONLINE AUCTION

LOS ANGELES, CA (October 31, 2007) - 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 1:00am PST until 6:00pm 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.

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DoveBid Contacts:

North America
Tom Conwell
Vice President
DoveBid, Inc.
200 Corporate Pointe, Suite 300
Culver City, CA 90230
P +1.800.665.1042
F +1.310.775.6800

Europe
Chris Matthews
Director Operations UK & Ireland
DoveBid UK Limited
Kingston House
3 Southbank, Thames Ditton
Surrey, KT7 0UD
United Kingdom
P +44 (0) 87 0240 5176
F +44 (0) 87 0240 5178

DoveBid, Inc.
200 Corporate Pointe, Suite 300
Culver City, CA 90230
1.800.665.1042

DoveBid, Inc. is the leading global provider of capital asset management and valuation services.

This release was published on openPR.