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AssetTRADE Launches as Definitive Global Marketplace for Industrial Assets.


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)--April 17, 2000

Leading Market Maker Offers Unmatched Integrity, Full-Service,

End-to-End Solutions and Best In Class Partnerships

Combining 175 years of asset management and recovery experience, the largest database of pre-qualified buyers and sellers, and best-in-class partners, AssetTRADE (www.assettrade.com) was launched today as the definitive, full-service global MarketPlace for the disposition and acquisition of used industrial equipment and machinery. AssetTRADE delivers total customer service to meet the needs of sellers and buyers in way that is faster, easier and with less hassles than stand-alone traditional methods and many e-commerce sites.

With more than 350,000 qualified buyers, AssetTRADE brings exclusively to the Internet the experience of two worldwide leaders in industrial and commercial asset management and recovery - strategic partners Michael Fox Michael Fox may refer to:
  • Michael Fox (American actor) (1921-1996)
  • Sir Michael Fox (judge) (1921-2007), English barrister and Court of Appeal judge
  • Michael Fox (lawyer) (born March 8, 1934), Israeli lawyer, founder of Herzog, Fox & Neeman
 International, one of the top five industrial auctioneers in the US, and Henry Butcher International, the world's largest industrial auctioneer. Lead investors include Internet Capital Group (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: ICGE) and Entrade (NYSE NYSE

See: New York Stock Exchange
: ETA).

"AssetTRADE uniquely combines proven traditional disposition methods with on-line marketing and sales to provide all services to buyers and sellers," said Robert Kohn, Chairman, 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. "Whether it's to appraise appraise v. to professionally evaluate the value of property including real estate, jewelry, antique furniture, securities, or in certain cases the loss of value (or cost of replacement) due to damage. , redeploy 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.
, sell, auction, buy, finance, or ship machinery and equipment, AssetTRADE is unique in its ability to provide buyers and sellers a complete marketplace, driven by integrity."

The Business-to-Business online auction industry is expected to grow to about $52.6 billion by 2002, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
, with the global market for surplus goods estimated to reach $350 billion.

AssetTRADE is the first to market with a service to capture both buyers and sellers, creating global access to real-time strategic solutions and value-added services, including: state of the art cataloging; purchasing; trading; order processing; billing; comprehensive on-line auction capabilities; account reconciliation; shipping; forwarding; and communications features that provide a full range of total customer services, including financial, technical and marketing services. The AssetTRADE MarketPlace focuses on providing total customer service to facilitate the completion of online transactions for all customers.

AssetTRADE, manages equipment sales and purchases for world-wide professionals involved in the acquisition or disposition of used industrial equipment, and will provide exclusive listings in multiple categories, including machine tools, processing, printing, hi-tech, petrochemical, automotive, telecommunications, and manufacturing.

About AssetTRADE

AssetTRADE is the definitive global marketplace for used industrial equipment. The company's on-line and off-line sales and marketing capabilities offer AssetTRADE customers the ability to identify, evaluate, appraise and resell industrial machinery and equipment. Please visit our Web site at www.assettrade.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 17, 2000
Words:418
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