EquipNet Launches Services in Puerto Rico

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Expands Consignment Warehousing to the Caribbean

Many of our top clients, world leaders in their industries, have locations in Puerto Rico

EquipNet, Inc. (http://www.equipnet.com), a leading provider of proactive asset management solutions, today announced the opening of a 60,000 square foot warehouse space in Coamo, Puerto Rico. The site provides full-service consignment services to the Caribbean and beyond.

The facility allows buyers to inspect a large inventory of pre-owned industrial machinery at one time while providing sellers a cost-effective way to store and market their inventory.

"Many of our top clients, world leaders in their industries, have locations in Puerto Rico," said Roger Gallo, President & CEO of EquipNet. "It's a natural choice to have a consignment warehouse close to the supply and also have it easily accessed from North, South, and Central America."

The site currently houses inventory from local facilities including Bristol Meyer Squibb, Colgate-Palmolive, GlaxoSmithKline, and others. In conjunction with large processing and packaging assets, EquipNet is also managing the disposition of MRO and Parts inventories from many of the same clients.

About EquipNet, Inc.
EquipNet is a leading provider of proactive asset management solutions and services to leading corporations such as AstraZeneca, Colgate-Palmolive, Eastman Chemical, GlaxoSmithKline, and Novartis. 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 http://www.EquipNet.com.

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