Biotech, Medical & Pharmaceutical

Go-Dove Achieves Record Adoption of its Corporate Asset Services among World-Class Pharmaceutical Companies.

GoIndustry DoveBid, a leading provider of asset management and valuation services for the Fortune 1000, government organizations, agencies and the SME market, today announced continued adoption of its corporate asset services among leading pharmaceutical companies world-wide. Currently, over half of the top ten pharmaceutical companies utilize its corporate asset services proactively to manage, redeploy and dispose of surplus assets. This steady user adoption underscores GoIndustry DoveBid’s value to the industry in saving its clients millions in operational costs.

“With the current economic downturn and consolidation in the industry, proactive asset management has become a major initiative among pharmaceutical companies worldwide,” said Jack Reinelt, CEO. “Whether you are a small pharmaceutical organization that needs to redeploy one piece of equipment from London to India, or a multinational organization that needs to dispose of equipment in multiple facilities in four weeks, we have the contacts, knowledge and technology to help a company of any size quickly achieve its business goals.”

Also announced today is GoIndustry DoveBid’s schedule of biotech and pharmaceutical equipment and facility auctions for August and September. These include:

· BioPharma Exchange #200
Starts August 4, 2009

· BioPharma Exchange #201
Starts August 11, 2009

· BioPharma Exchange #202
Starts August 18, 2009

· BioPharma Exchange #203
Starts August 25, 2009

· BioPharma Exchange #204
Starts September 1, 2009

· BioPharma Exchange #205
Starts September 8, 2009

· BioPharma Exchange #206
Starts September 15, 2009

· BioPharma Exchange #207
Starts September 22, 2009

· BioPharma Exchange #208
Starts September 29, 2009

With over 50 biotech and pharmaceutical auction events taking place annually, GoIndustry DoveBid hosts online auction events regularly on a weekly basis.

GoIndustry DoveBid’s auctions contain surplus assets from multiple industry-leading global corporations to small and medium sized companies, providing would-be buyers with a continuous supply of biotech lab, medical, pharmaceutical manufacturing, processing & packaging, and R&D equipment. A single auction may well feature assets from all over the world enabling buyers from over 80 countries access to a global market.

“GoIndustry DoveBid’s proprietary online auction engine is convenient and simple to use,” said Randy Small, Vice President of Asset Sales and Services. “Through our online auctions, sellers’ assets immediately become visible to millions of potential buyers worldwide. In addition, buyers gain access to quality assets at a fraction of their original acquisition cost, providing a means to invest in other key corporate areas such as research.”

For a complete list of pharmaceutical auctions taking place throughout 2009, please visit GoIndustry DoveBid's auction calendar at http://www.go-dove.com/auctions/AuctionList.asp.

About GoIndustry DoveBid GoIndustry DoveBid, quoted on the London Stock Exchange’s AIM market (Epic: 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, optimise asset utilisation 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.

Posted in: Exchanges, Press releases