Dovebid® Announces Online Auction Of Heavy Earthmoving Tyres To Be Held On Behalf Of Rio Tinto

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DoveBid, Inc., one of the leading global providers of capital asset management and valuation services, announced today it will be holding an online auction of heavy earthmoving tyres on behalf of its client Rio Tinto.

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DoveBid Inc., one of the leading global providers of capital asset management and valuation services, announced today it will be holding an online auction of heavy earthmoving tyres on behalf of its client Rio Tinto.

The sale features over 120 radial and cross-ply tyres in both new and used condition, from major manufacturers - Bridgestone, Goodyear & Michelin. Assets are located in USA, UK and Australia. The sale will be held on 23rd January 2007, commencing online at 9am (AEDT), and closing on 24th January at 5pm (AEDT). Viewing days have been organised should anyone want to inspect the tyres before the auction. For more information click here

DoveBid are very pleased with the opportunity to hold this sale and feel that it is a timely and welcome event for the mining and construction industry, where it is widely accepted there is a world shortage in heavy earthmoving tyres.

About DoveBid

DoveBid, Inc. is one of the leading global providers of capital asset management and valuation services. DoveBid delivers a turnkey, outsourced set of solutions to corporations and financial institutions for the valuation, redeployment and disposition of capital assets. 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 69 years of industrial capital asset management expertise with associates in 37 offices and 20 countries. In Asia-Pacific DoveBid have offices in Australia, Singapore, Malaysia, Thailand, Hong Kong, Taipei, Shanghai, Tokyo and Philippines

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

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MACKENZIE MEAGOR
DoveBid
+61-437-761-123
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