Vestal, NY (PRWEB) July 30, 2008
The acquisition allows AuctionDrop™ -- a leading online retailer for the liquidation of wholesale surplus and salvage inventory and assets -- to grow and efficiently serve its customers with the necessary resources and technology. Customers receive the benefit of enhanced services, including expanded geographic coverage and additional services, including end-of-life recycling, to both the retailers and manufacturers.
ECO International, LLC, a world-wide electronics asset recovery and recycling company, will also be able to provide its clients who already recognize the benefit of recycling with even more innovative and expanded approaches for the disposition of e-Waste.
AuctionDrop™ is a leading online retailer for the liquidation of wholesale surplus and salvage inventory and assets. The Company's business-to-consumer model sources wholesale, surplus and excess inventory from big box national retailers, high-end luxury retailers and manufacturers selling merchandise through its own website portal (auctiondrop.com) as well as other online channels such as eBay. Operations include all aspects of the reverse supply chain from supplier pickup-up, merchandise auction listing, packing and shipping to tracking, and collections while providing superior customer service.
The AuctionDrop™ value proposition provides simplicity, consistency, and reliability for manufacturers and retailers to maximize yields on the disposition of excess inventories, customer returns, and damaged overstock goods. This is achieved by reducing the internal costs for the manufacturer or retailer while yielding the maximum value of the product by selling it directly to consumers and increasing the benefits of recycling.
Market performance: AuctionDrop™ consistently ranks among the top EBay sellers based on volume sold while maintaining a remarkable 98.2% positive buyer "feedback" rating for cumulative transactions to-date. Awards received; ª Always on Top 100 ª Silicon Valley Business Journal Fast 50 (Ranked #3) ª Deloitte & Touché Technology Fast Rising Stars (Ranked #12).
Auction Drop was advised on this transaction by America's Growth Capital.
About ECO International: ECO services various electronics recycling market segments from local municipalities and state recycling programs to original equipment manufactures (OEM's), Business to Business (B2B), Business to Retailer (B2R) and direct to consumer (B2C) programs helping increase electronics asset utilization and assure recycling regulatory compliance during technology life cycles. ECO is a privately held company with sister companies serving high technology electronic manufacturing, research and development, international electronic component distribution, with annual revenues in excess of $700 million.
Corporate vision includes investing in new technology, organic growth, strategic acquisitions, and third party partnerships to achieve our goals and objectives as a market leader.
To learn more about the benefits of recycling with asset recovery and recycling company ECO international and online excess inventory retailer AuctionDrop™, visit http://www.ecointernational.com or http://www.auctiondrop.com
Vicky Bevilacqua-True Brad Brown
VP | Corporate Development VP | Sales & Marketing
Auction Drop ECO International
Direct: 650.470.6960 Direct: 607-321-2079 ext 331
Fax: 650.470.6995 |vtrue @ auctiondrop.com Fax: 607-321-2085 | bbrown @ ecointernational.com