State-of-the-Art Solid Dose Facility Closure in Puerto Rico

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EquipNet is announcing the closing of a GSK facility in Puerto Rico and the availability of $50 million worth of premium processing, packaging, and lab equpment. This project represents an unprecedented partnership between EquipNet, Loeb, and Rabin Wordwide.

GSK recovers some of their initial investment and the companies that buy these like-new items get to purchase high-end equipment at a fraction of the cost of what they would pay for low-end, brand new items. These savvy firms save time and money--two things that always in short supply particular in our current economy.

When GlaxoSmithKline decided to consolidate its operations in Puerto Rico, they called in the dream team of experts to clear out the facility. EquipNet, Loeb, and Rabin Worldwide have joined forces to help the global pharmaceutical company identify more than $50 million dollars worth of premium processing, packaging, and lab equipment that are now surplus to GSK's ongoing operations.

This huge project provides an opportunity for small and large pharmaceutical companies around the globe to purchase late model (2005-2007) processing, packaging, and lab equipment at pre-owned prices. These premium assets have been listed for sale on the EquipNet MarketPlaceā„¢ at http://www.EquipNet.com as well as at http://www. LoebEquipment.com.

"The GSK Puerto Rico project is a win-win scenario for both buyers and sellers," explains Carl Cote, EquipNet's Director of Pharmaceutical Sales and Services. "GSK recovers some of their initial investment and the companies that buy these like-new items get to purchase high-end equipment at a fraction of the cost of what they would pay for low-end, brand new items. These savvy firms save time and money--two things that always in short supply particular in our current economy."

Listings include fluid bed dryers, mixers and granulation equipment, tablet presses, blister packaging lines, tablet and liquid packaging lines, and utility equipment. Specifications and photos for this equipment are available at: http://www.equipnet.com/browse/list_view.aspx?locationid=2807. All equipment is currently located in Cidra, Puerto Rico.

About EquipNet
EquipNet is a leading provider of proactive asset management solutions and services to leading corporations in the pharmaceutical, biotech, chemical, and consumer packaged goods industries, such as Merck, GlaxoSmithKline, AstraZeneca, Unilever and many others. EquipNet's vision is to revolutionize the way companies manage their surplus assets by maximizing financial returns and minimizing the risks associated with idle capital assets. For more information, please visit: http://www.EquipNet.com.

About Loeb
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturing and financial companies grow their business. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides equipment, appraisal and financial services to global banking organizations and manufacturing companies specializing in the food, pharmaceutical, cosmetics and chemical industries. Loeb services include: equipment sales and purchases, certified market appraisals, liquidation and auction coordination, and purchase lease back financing. For more information on Loeb, please visit: http://www.LoebEquipment.com.

About Rabin Worldwide
For over 50 years, Rabin Worldwide has provided comprehensive financial solutions for businesses in transition, from Fortune 500 companies and private industry, to financial institutions, receivers, trustees and courts. We specialize in evaluating, marketing, and selling surplus assets in the following industry sectors: food processing, chemical and pharmaceutical, cosmetics, construction and trucking, and audio & video. We have pioneered the use of the internet in tandem with our live auctions, giving clients the flexibility to bid at their convenience, and thereby ensuring worldwide participation and exposure. Our focus is to provide quality service, not offer a "one-size fits all" solution. Our attention to detail, innovative thinking, and hands-on philosophy assure the most effective methods for asset recovery. For more information, please visit http://www.rabin.com.

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Ben Potenza
EquipNet
781-821-3482 ext. 2180
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