Saturday, May 30, 2009

New Chief Executive Officer - Jack Reinelt

On 6 May 2009 the Board appointed Jack Reinelt as the new Chief Executive Officer of the Company. Jack has 30 years of management and executive responsibility in the business to business sector of the information technology industry. Most recently, he was Managing Director and COO, Europe, the Middle East and Africa, at TeleAtlas. Under his leadership over a four-year period, the business grew revenues from Euro 78 million to Euro 217 million and EBITDA fromEuro 6 million to Euro 110 million. Jack is a Board Member of GDI Infotech, a private IT consultancy based in Michigan, USA. Since his arrival, Jack has brought a clear focus to executing the Company’s strategy and has identified a number of key initiatives to improve GoIndustry-DoveBid’s operational performance.

Friday, May 1, 2009

About GoIndustry DoveBid

GoIndustry DoveBid is a leading provider of asset management services. If surplus or idle assets are no longer needed, we can help you understand what they are worth, whether they can be re-deployed elsewhere in your organisation, and if not, sell them at auction on your behalf.

GoIndustry DoveBid approaches the market with three distinct advantages. First, we have significant global reach so we are able to provide these services wherever they are needed. Second, most of our business is online, making it more efficient and convenient for both buyers and sellers whether it’s for a single piece of equipment or a whole production line. Third, our knowledge of the market across multiple industry sectors is unsurpassed. Since 2000, we have collected information gathered from auctions all over the world, numbering over 1500 in 2007 alone. We leverage this rich data on a daily basis through accurate valuations and appraisals for the benefit of all our customers.

Our customers fall into five categories:
  • Multinational manufacturing corporations with whom we have long term forward flow contracts to provide a range of asset management solutions
  • Asset based lenders, financial institutions and banks who require our valuation services in order for them to put the right numbers on the value of equipment, inventory and receivables
  • Bankruptcy and insolvency practitioners, who need our services to help them clear factories
  • Small-to-medium enterprises, for whom we provide a variety of asset management and valuation services
  • Dealers, with whom we work to increase the flow of assets to our auction sales
Each engagement features an evaluation of your assets to help you make sound financial decisions. To ensure that your company gets the maximum return on its investment and the quickest route to sale, we will:
  • Determine the best sales channel such as online auction, live and webcast auction, industry specific online Exchange, or sale by Private Treaty.
  • Support your asset sale with extensive marketing resources, technology and tactics, which make the most of the global marketplace.
  • Facilitate the sale with cutting-edge Internet technology that streamlines the buying process.
Find out more about us at or contact us to unlock the value of your assets.