EquipNet Opens Singapore Office

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Asia Pacific location builds on already strong global presence.

EquipNet has emerged as a very successful leader in surplus asset management

EquipNet, Inc., the leading provider of proactive asset management solutions, today announced the opening of its Singapore office. The new office is the latest addition to EquipNet's growing number of global locations, which includes various locations in the U.S., Toronto, Dominican Republic, Puerto Rico, and London.

The new location gives EquipNet a foothold in the burgeoning Asian market by providing sales and services from employees that understand the various local marketplaces. The company will offer unmatched industry expertise to help customers manage their excess manufacturing assets.

"With Asian countries unlocking their markets to international competition and manufacturing expanding to compete in overseas markets, EquipNet is uniquely positioned to help Asian companies manage their surplus assets on both a global and local level," said Ben Potenza, Vice President of Marketing Operations for EquipNet.

Industry veteran Vincent Wee will head EquipNet's new Singapore operations. Mr. Wee has over 27 years industry experience in plant and machinery sales, appraisals and real estate in Asia including Singapore, Malaysia, Philippines, Thailand, Taiwan, Japan, South Korea, China, Indonesia and India.

Wee was a Senior Vice President for global online sales of used capital assets and appraisals at an international auction and valuation company. Earlier Mr. Wee was the Managing Director and owner of Real Estate Plant & Machinery Appraisal and Auction Company for 20 years with offices in Singapore, Malaysia, Thailand and Hong Kong.

"EquipNet has emerged as a very successful leader in surplus asset management," said Roger Gallo, CEO & President of EquipNet. "The opening of an office in Singapore will strengthen EquipNet's efforts in delivering the best experience to our customers in that geography,"

EquipNet's new office is located at 09-06, 133 New Bridge Road, Chinatown Point in Singapore and already has a number of large customers in the region, including: Colgate-Palmolive, GlaxoSmithKline, Eastman Chemical and Hexion Chemical. Mr. Wee can be contacted at +65 6220 5080.

Since 1999 EquipNet has been revolutionizing the way global companies manage their surplus and idle assets. EquipNet's MarketPlaceTM, http://www.EquipNet.com, is the world's largest venue for buying and selling pre-owned processing, packaging, lab and IT equipment for the chemical, pharmaceutical, and packaged goods industries. Large global companies and small manufacturers alike can take advantage of EquipNet's multiple Cascading LiquidationTM channels, which include MarketPlaceTM, traditional and online auctions, sealed-bid events, eBay store and scrap management programs. In addition, EquipNet provides unmatched services with certified appraisals, desktop equipment valuations, consignment warehousing, and asset redeployment software, ARMSTM which is deployed in over 1,800 manufacturing facilities worldwide, ARMS making it the most widely used idle asset management tool on the market.
For more information, please visit http://www.EquipNet.com.

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Ben Potenza
EquipNet
888-371-6555
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