"This is a truly transformational deal for our company that will give us a market leading position in the United States, Europe and Asia-Pacific regions. As one company, we are bigger, stronger and more focused, with a clear ambition to serve our customers and help them become even more successful."
 
The enlarged group will operate in three business areas: Corporate Disposition, Disposals and Valuations Services.
 
"We want to maximize the expertise of all our employees and grow our company in markets across the globe," continued Allbrook. "Our efforts will be channeled into building on the momentum we have already created and making sure that the enlarged group, which, going forward will be called "GoIndustry- DoveBid", delivers on the full potential that this combination offers to our customers, employees, and shareholders."
 
Completion of the acquisition is expected on 25 February 2008.
 
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About DoveBid, Inc.
DoveBid Inc., is a global provider of capital asset auction and valuation services to large corporations and financial institutions. Founded in 1937, it has been at the forefront of using online technology to make the auction process more transparent, offering a portfolio of asset disposition solutions including live webcast auctions, featured online auctions, sealed bid sales, and private treaty sales. Its wholly owned subsidiary, DoveBid Valuation Services, Inc., provides diversified asset appraisal services and has 11 certified valuers with more than 52 years of combined valuation experience. DoveBid is headquartered in Los Angeles, California, and has offices in 19 countries throughout North America, Europe and the Asia-Pacific region.

About GoIndustry plc
GoIndustry plc, listed on the London Stock Exchange's AIM market (Epic: GOI), is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Group combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.


Morgan Keegan Technology Group is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.

Morgan Keegan Technology Group was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.