EquipNet Launches Online Auctions

EquipNet, Inc. (http://www.equipnet.com/), the leading provider of proactive asset management solutions, today announced the launch of their Online Auction Sales Channel. The new channel allows sellers to liquidate assets quickly and efficiently and provides buyers with opportunities to find great deals on quality equipment.

EquipNet’s Online Auctions allow sellers to liquidate assets quickly, clear warehouse space and offload logistics management. In addition this method helps customers expedite returns on investments and control their inventory.

EquipNet’s proprietary software comes with all the bells and whistles found on most auction sites such as the ability to track offers via Watchlistâ„¢, receive auction status notifications, and the ability to place proxy bids using the maximum bid feature.

Above and beyond the technology, EquipNet has knowledgeable equipment experts available to provide quick answers about the machinery that is for sale. Once the event is over, EquipNet manages every aspect of the post-sales services, providing worry-free shipping and logistics management.

“No one else takes our approach to managing surplus assets,” said Zack Shaw, Online auction manager at EquipNet. “Because EquipNet has multiple sales channels our level of equipment knowledge and post sales service is far superior to those companies who only run online auctions.”

The first online auction, released to a select audience in early April was a tremendous success with EquipNet clearing the entire inventory in a record two days. The next online auction is scheduled for Tuesday, May 22, 2007 and features packaging equipment from locations in Puerto Rico. Other auctions will follow in June and July.

EquipNet is a leading provider of proactive asset management solutions and services to leading corporations such as Colgate-Palmolive, Eastman Chemical, GlaxoSmithKline, Iron Mountain, and Blue Cross Blue Shield of Massachusetts. Its vision is to revolutionize the way companies manage their surplus assets. EquipNet has earned a reputation for helping clients maximize their financial return, avoid the risks associated with health, safety and environmental hazards, and theft, and to be in compliance with Sarbanes-Oxley. For more information, please visit www.EquipNet.com.