EquipNet Officially Launches EquipNet Auctions

Company continues to solidify its Cascading LiquidationTM Model for surplus laboratory, manufacturing, and IT assets.

Canton, MA (PRWEB) March 19, 2008 -- EquipNet, Inc. the leading provider of proactive surplus asset management solutions today announced the official launch of EquipNet Auctions, a multidimensional business unit within EquipNet that features live auctions, webcast events, online auctions, sealed bid auctions, as well as the leading store on eBay for surplus laboratory equipment and an ever expanding array of manufacturing assets.

While EquipNet is best known for its Marketplacetm, an online negotiated sales channel that has the largest set of high quality used process and packaging manufacturing equipment in the world, EquipNet has now expanded it sales channels to also concentrate on auctions and other clearance methods.

EquipNet Auctions is a natural expansion of our existing auction capabilities," explained Roger Gallo, President & CEO for EquipNet. "Our clients can take advantage of our traditional Marketplacetm, but now also have rich options for more time sensitive quicker clearance needs."

The decision on which clearance channel; Live Auctions, Webcast, On-line, Sealed Bid or our eBay store to use when selling pre-owned industrial assets is based on a many variables including; time constraints, market conditions, equipment location, technology relevance, and exact specifications of the equipment. EquipNet Auctions has the expertise and flexibility to use these channels effectively to maximize the financial returns while meeting clients' deadlines.

"EquipNet Auctions not only gives our sellers a variety of ways to maximize dollar return when liquidating excess, idle or redundant assets," explained Tom Noonan, Global Auction Leader for EquipNet, "but it also gives our buyers multiple formats for purchasing the equipment that they need."

Online auctions are separated by industry discipline and are scheduled regularly at www.EquipNet.com/auctions. The eBay store, which has been in business since 2002, can be found at http://stores.ebay.com/equipnet. Live, webcast and sealed bid auctions are client-based events and are scheduled as needed.

About Equipnet:
EquipNet is a leading provider of proactive asset management solutions and services to leading corporations such as Unilever, Eastman Chemical, GlaxoSmithKline, and AstraZeneca. 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, data security, 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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