GoIndustry DoveBid to Conduct AUD1 Million Disposal Sale of Goodyear & Dunlop Manufacturing Facility in Australia

Melbourne, Australia (April 29, 2009) /ChinaNewswire.com/ — GoIndustry DoveBid, UK stock market listed provider of global asset auction and valuation services, was recently appointed by Goodyear Dunlop Australia for the disposal of its Somerton tyre manufacturing facility. The plant located in Melbourne Australia, closed its operations in December 2008.

This most recent appointment was won over a number of other international and local asset disposal companies and follows a series of other successful tyre manufacturing sales GoIndustry DoveBid recently held for Continental Tires.

The upcoming sales will be held in three stages in May 2009 including two online auctions on
www.Go-Dove.com and a 2-day clearance live auction in Somerton including over 1000 lots of factory equipment.

Major tyre manufacturing equipment, used in the production of Goodyear and Dunlop tyres for passenger vehicles will be auctioned off in the online auction set to close in May 22nd featuring tyre building machines, curing presses, extruders, calenders, mixing lines and much more. The contents for two further sales will consist of factory support equipment and machine tools.

The sales are expected to generate revenues in excess of AUD1million from existing tyre manufacturers in Asia.

GoIndustry DoveBid Goodyear Dunlop Auctions:

Sale 1 Online Auction:
Factory Support Equipment and Machine Tools
Bidding Closing Friday 15th May 2009 at http://www.Go-Dove.com/
http://www.go-dove.com/Auctions/AuctionDetail.asp?auctionID=12915&utm_source=cprn&utm_medium=pr

Sale 2 Online Auction:
Tyre Manufacturing Machinery including Tyre Building Machines, Mixers, Calenders, Extruders and Mills
Bidding Closing Friday 22nd May 2009 at http://www.Go-Dove.com/
http://www.go-dove.com/Auctions/AuctionDetail.asp?auctionID=12914&utm_source=cprn&utm_medium=pr

Sale 3 Live Auction:
2-Day Clearance Live Auction of Over 1000 Lots of Factory Equipment
Thursday, 28th & Friday, 29th May 2009 at Somerton, Victoria, Australia

GoIndustry-DoveBid 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.

CONTACT INFORMATION

• Greg Ceniti
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  Email: [email protected]