DoveBid and Quadrem Announce Asset Disposition Services Alliance.Business Editors/High-Tech Writers FOSTER CITY, Calif. and DALLAS--(BUSINESS WIRE)--Sept. 29, 2003 First Contract Signed with Newmont Mining Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in, Nevada, Indonesia, Australia/New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Corporation to Dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose Mining and Heavy Construction Equipment in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. DoveBid, Inc., a global provider of capital asset auction and valuation services, and Quadrem, the global eMarketplace for the natural resources industries, announced today they have entered into a strategic alliance to offer new services to Quadrem's trading community members. This strategic alliance will give Quadrem customers the ability to leverage turnkey asset disposition services (Webcast auctions, Internet featured online auctions, and traditional on-site auctions), global asset-based valuation services and asset redeployment Asset Redeployment The strategic relocation of company assets in order to increase profitability. Notes: By redeploying assets, a company is restructuring itself in order to become more efficient and profitable. software from DoveBid. In addition, Quadrem customers can access DoveBid Valuation Services (DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services ) for timely, accurate valuations of individual items and complete facilities. The companies also announced an auction agreement with Newmont Mining Corporation to dispose of mining and heavy construction equipment. The Webcast auction will be broadcast live over DoveBid's website at www.dovebid.com and on-site in Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] , NV on November 12, 2003. "DoveBid and Quadrem have already established themselves as the global leaders in their respective industries," said Brian Armstrong, Manager, Newmont Mining Corporation. "The combination of the two companies working together to provide Newmont with a solution to liquidate surplus mining equipment through worldwide Webcast auctions will generate the maximum value for our equipment." Many of the world's leading resource companies and their supply partners have joined Quadrem and utilized its marketplace for transactions, strategic sourcing and eRFQ management tools. "Our customers requested that we offer asset disposition services with a Webcast component," said Ray Castelli, Quadrem Senior Vice President, Global Solutions and Services. "DoveBid's comprehensive offering, track record and global reach made them a great fit." This strategic alliance will enable DoveBid to leverage Quadrem's years of experience in the natural resources and mining industries. "Quadrem is a pioneer in offering global electronic supply chain solutions to the natural resources industry," said Ross Dove, chairman and chief executive officer of DoveBid. "This alliance allows leading global organizations like Newmont Mining Corporation to maximize the value of their used capital equipment by leveraging DoveBid's years of asset management and disposition services." About DoveBid(R) DoveBid, Inc. is a global provider of capital asset auction and valuation services to large corporations and financial institutions. DoveBid delivers an integrated set of services to its customers for the disposition, valuation and redeployment re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. of their surplus capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) . DoveBid offers an array of auction services to meet its customers' specific needs, including live Webcast auctions, on-site-only auctions, featured online auctions and privately negotiated sales. DoveBid Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation. DoveBid Valuation Services uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses. Headquartered in Foster City, California
DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc. About Quadrem(R) Quadrem (www.quadrem.com), the global transaction, content and sourcing solutions provider for the natural resources industry, brings trading partners together to streamline and automate supply-chain processes, delivering value for suppliers and buyers. Many of the world's leading and forward-looking companies are leveraging the reach of the Internet, with services powered by Quadrem, to achieve the promise of e-commerce strategies. Quadrem and the Quadrem logo are trademarks of Quadrem International Ltd. |
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