DoveBid to Conduct Online Auction for DaimlerChrysler -- McGraw Glass

FOSTER CITY, Calif.--Oct. 1, 20034, 2003--DoveBid(R), Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a two-day online auction for DaimlerChrysler (McGraw Glass) of state-of-the-art glass fabricating equipment in the ongoing operations of DaimlerChrysler.

The featured online auction will be conducted live over the Internet at DoveBid's Website on October 29, 2003 beginning at 9:00 a.m. Eastern Time and ending on October 30, 2003 at 3:00 p.m. Eastern Time. The auction will feature six Lehr windshield processing lines, two Autoclave laminating lines, eight glass cutting and grinding lines, and five roller hearth cutting, grinding, printing, and tempering lines.

Participants may bid online only. Detailed preview information, asset catalog, and online bidding instructions are available at www.dovebid.com.

There are an additional 100+ upcoming auctions on DoveBid's auction calendar. For a complete list of our auctions, equipment asset catalogs, and brochures, please visit DoveBid's Website at www.dovebid.com.

About DoveBid

DoveBid, Inc. is a global provider of capital asset auction and valuation services to large corporations and financial institutions. DoveBid delivers an integrated set of services to its customers for the disposition, valuation and redeployment of their surplus capital assets. DoveBid offers an array of auction services to meet its customers' specific needs, including live Webcast auctions, on-site-only auctions, featured online auctions and privately negotiated sales. DoveBid Managed Services offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation. DoveBid Valuation Services uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses.

Headquartered in Foster City, Calif., DoveBid has over 65 years of auction experience in the capital asset industry with more than 40 locations throughout North America, Europe and the Asia-Pacific region. More information on DoveBid can be found at www.dovebid.com or by contacting company headquarters at 800-665-1042 or 650-571-7400.

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