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GoIndustry DoveBid to Host First Motorola Auction in China

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Shanghai, China (June 12, 2009) /ChinaNewswire.com/ — London-based GoIndustry DoveBid, will be hosting an inaugural online auction for Motorola in China from June 16 through June 18, featuring a large quantity of mobile telecom test equipment used by Motorola in its Hangzhou facility. These are current assets that are surplus to the on-going operations of the facility and region.

GoIndustry DoveBid recently re-established a long-term partnership with Motorola to manage and dispose of its surplus equipment globally. "This sale is significant to both GoIndustry DoveBid and Motorola as it represents the first time that surplus equipment from mainland China is being made available through the online channel in an auction format. We look forward to working with Motorola and adding to online commerce within China", states Jack Reinelt, CEO for GoIndustry DoveBid.

This auction follows in a series of highly successful auctions in Europe and North America earlier this year and represents the final piece in a global solution developed by GoIndustry DoveBid to allow Motorola the ability to dispose of critical assets anytime at any location within the world.

The sale will include 500+ lots including GSM, CDMA and EDGE type test and measurement equipment and is available for preview at
http://www.go-dove.com/auctions/AuctionDetail.asp?auctionID=13110&utm_source=cprn&utm_medium=pr.
Bidding will be open from 16 – 18 June 2009.

GoIndustry DoveBid has for decades conducted both live on-site and on-line auctions for large multi-national corporations with operations in China and continues to provide that service for all its global clients.

About GoIndustry DoveBid
GoIndustryDoveBid plc, quoted on the London Stock Exchange's AIM market (GOI), is a global market leader in the provision of asset management, auction and valuation services. The Company delivers innovative solutions that help to value assets accurately, optimize asset utilization and reduce costs. The Company combines its asset, industry and market expertise, with eCommerce technology to service the needs of multi-national manufacturing corporations, financial institutions, insolvency practitioners, used equipment dealers and asset based lenders around the world.

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