DOVEBID NAMES NAOKI KATO PRESIDENT, DOVEBID JAPANDOVEBID NAMES NAOKI KATO PRESIDENT, DOVEBID JAPAN

Released by: Josh Prince - Director, Corporate Development

Experienced general manager and business development executive to lead DoveBid’s Tokyo

Email: jprince@dovebid.com

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Update Date: 8/7/2006 8:32:14 AM

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DOVEBID NAMES NAOKI KATO PRESIDENT, DOVEBID JAPAN

Experienced general manager and business development executive to lead DoveBid’s Tokyo Office

LOS ANGELES, CA (August 4, 2006) — DoveBid, Inc., (http://www.dovebid.com ), the leading capital asset advisory services provider today named Mr. Naoki Kato as President, DoveBid Japan. Kato will be based in Tokyo and responsible for overall management and growth of DoveBid’s business in Japan.

Mr. Kato has over thirty years experience in business development and general management within large multinational organizations, spending over 30 years with Mitsubishi Corporation in various positions in Japan, Zambia and Chile, where he was involved in sales of metal, mining, chemical, construction and industrial equipment. Most recently, he served at Mitsubishi’s Tokyo headquarters as SVP of the Metals Division. Past roles include General Manager at Rubycon Corporation, a leading Japanese component manufacturer, where he was responsible for managing the European relationships with over 100 customers including Sony, Sharp, Philips, Thomson, Siemens, Celestica and Solectron amongst others; and Business Development Executive for Yokohama Industrial Development Corporation.

“I am pleased to have the opportunity to lead DoveBid Japan in this strategic role. Our experienced team in Tokyo, together with field offices across Asia Pacific will focus on penetrating new accounts and building relationships within our installed base. At the same time, our industry marketing group will optimize the DoveBid portfolio of services to support clients in target verticals; construction, mining, semiconductor, consumer electronics and life sciences”, noted Mr. Kato.

“We’re very pleased Kato-san will be joining our Tokyo office as part of our ongoing commitment to invest in the markets we serve. He brings enormous experience and complimentary skills to our team combined with deep professional and industry expertise which will allow us to grow our business in Japan as well as across the Asia Pacific region. We will continue to add the right people, processes and technology to meet increased global demand for DoveBid asset management and disposition services.” - 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 information on DoveBid can be found at www.dovebid.com or by contacting the company directly at (800) 665-1042 or (650) 571-7400.

DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.
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DoveBid Contacts:

Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com

DoveBid, Inc.
10877 Wilshire Boulevard
Suite 600
Los Angeles, CA 90024
(310) 775-6700 Phone
(310) 775-6800 Fax

DoveBid Japan K.K.
3F Sundisk-Kanda BLD.,
4-9 Kanda Iwamotocho Chiyoda-ku,
Tokyo, 101-0033, Japan
P +81 3 3252 0450
F +81 3 3252 0480

Contact infomation:
DoveBid, Inc. , 10877 Wilshire Boulevard , Los Angeles, CA 90024