AssetTRADE Announces Investment by Alcoa and Exclusive Agreement for Asset Disposition and Acquisition Services.Business Editors KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--Feb. 6, 2001 AssetTRADE, a leading asset recovery management and disposition company, today announced that it has signed a global, three-year agreement with Alcoa Inc. (NYSE NYSE See: New York Stock Exchange : AA), a worldwide manufacturer of primary aluminum, fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: aluminum and alumina. In addition, Alcoa has made an equity investment in AssetTRADE and has selected AssetTRADE as an out-sourcing partner. Under this agreement, AssetTRADE will provide Alcoa with comprehensive asset recovery services for surplus assets including internal redeployment re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. software and services, on-line and off-line auction capabilities, and an Internet based global marketplace. AssetTRADE will also assist Alcoa in sourcing and outsourcing used equipment. "We are excited that Alcoa has selected us to provide disposition chain management services for their surplus industrial assets. We look forward to building a long-term relationship with Alcoa and to leveraging our technology, expertise and services to deliver measurable savings and generate incremental cash for their company," said Gavin Kerr Gavin Kerr is a rugby union footballer who plays prop for Edinburgh Rugby and Scotland. He signed for Edinburgh on August 30th 2007 having previously played for Leeds Tykes - now Leeds Carnegie - and the now defunct Border Reivers. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AssetTRADE. "Alcoa has selected AssetTRADE as a bricks and clicks (combination of traditional and Internet based services) solution that will enable us to out-source global asset recovery activities and reach a broader base of potential buyers and sellers of surplus equipment," said Robert S. Wetherbee, President, Alcoa eBusiness. "Our investment will support the growth of AssetTRADE and encourage Alcoans to buy and sell used assets through a channel that is supported by Internet technology and a strong base of surplus asset management professionals. This is critically important as the assets we have and need change as we continue our growth strategy." About AssetTRADE AssetTRADE is the world's leading industrial asset recovery and disposition company. We provide comprehensive services for Global 2000 companies to maximize the value of their surplus assets and to ensure that all buyers can purchase used equipment with confidence. AssetTRADE combines the reach of the Internet with the knowledge and experience of our land-based subsidiaries Michael Fox Michael Fox may refer to:
The AssetTRADE family of companies compromise over 275 employees in 60 offices, located in 27 countries throughout the world. Our strategic partner network includes leading surplus equipment dealers Perfection Machinery, Perry Videx and Graphworld. To learn more about how AssetTRADE can help you buy and sell used equipment, visit us at www.assettrade.com or call 1-888-686-2954 in the U.S. or 001-610-992-1900 outside the U.S. About Alcoa Alcoa provides fabricated and finished aluminum products to customers in the packaging, consumer, automotive, aerospace, construction and other markets. Alcoa also produces packaging machinery, vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. , plastic bottles and closures, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber and electrical distribution systems for cars and trucks. Alcoa has 140,000 employees in 36 countries. To learn more about Alcoa visit www.alcoa.com. |
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