Network International Surpasses Transactional Milestone As Buyer Demand Grows

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Despite the soft market conditions, Network International, the world's most extensive online marketplace for surplus energy equipment, is reporting an increase in buyer demand.

So it is important for our clients to know that our bidder and buyer statistics are up significantly from 2008

Network International, Inc. (Network), an online marketplace specializing in surplus energy equipment, reached a transactional milestone in Q2 of 2009 by surpassing a quarter billion dollars in energy equipment sales transactions. Network's transaction volume has grown for nine straight years, and despite the soft market conditions, the company is pleased to see continued growth in its marketplace statistics and related services. "People frequently ask me, "Sure there is lots of surplus equipment out there, but who is going to buy it during this market slump?" So it is important for our clients to know that our bidder and buyer statistics are up significantly from 2008," Boyd Heath, Network's Chairman and CEO commented.

When comparing the first six months of 2009 to the same period in 2008, Network's number of New Bidders is up 45% and the number of New Buyers is up 27%. Coupled with growth from previously registered bidders and buyers, buyer activity has been strong enough to absorb the 26% increase in the number of lots sold. Heath continued "although prices for equipment are down, sellers need to realize that there are interested buyers out there. Our job is to find them and get them engaged in the bidding process. Whether its buyers who conserved cash during the market run-up last year or buyers who are winning corporate points for saving money by buying surplus new, refurbished or used assets, bidder and buyer interest remains strong - stronger than ever, in fact."

About Network International, Inc
Network International is the world's most extensive online marketplace for surplus energy equipment for the oil and gas, petrochemical, power/utilities, and mining industries. Through Auctions, Private Sales, and Equipment Inventory Analysis for both buyers and sellers, the company provides total asset management for some of the most well-known companies in the energy sector. Based in Houston, Texas, the company serves over 50,000 buyers and sellers throughout more than 60 countries. For more information, visit: OneSiteForEquipment.com

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