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EquipNet Direct Adds Inland to Client Roster Company to develop customer's first invement recovery program of its kind
Braintree,
MA, August 9, 2000 - EquipNet Direct, the only online asset management
company offering complete solutions to customers, announced today that
Inland Paperboard and Packaging, Inc., a premier supplier of packaging
products to retail and industrial customers, has signed a contract to
implement a proprietary investment recovery program.
EquipNet
Direct conducted a complete analysis of Inland to determine its needs
and, in turn, customized the program accordingly. There are three parts
to the solution that EquipNet Direct is providing. The first is ARMS
(Asset Redeployment Management System), its proprietary software that
allows for internal redeployment of inactive machinery and equipment.
The second is MarketPlace - EquipNet Direct's public web site that allows
companies to realize fair market prices for their idle assets. The third
major component of the program is customized reports and intelligence
on the asset recovery process.
"We
are excited to be working with Inland in executing a program that will
efficiently and methodically redeploy the company's used industrial
equipment," said Dr. Michael Raymont, Chairman of EquipNet Direct. "This
is the first time ever that Inland will have a centralized tool to track
and redeploy its idle assets." The customized version of ARMS includes
tailored disposition and material handling forms, and links to Inland's
internal financial systems. All assets that are not redeployed via ARMS
will automatically be moved into the EquipNet Direct MarketPlace, to
be sold externally.
"We
are glad to have found a partner that could handle all of our equipment
redeployment needs," said Bob Neel, General Purchasing Manager for Inland.
"This is such a necessary function of this business, and we are thrilled
to work with EquipNet Direct to ensure that we get the maximum investment
recovery from our idle assets."
About
EquipNet DirectEquipNet, Inc. provides Fortune 1000 global manufacturers and small- and medium- sized enterprises with both internal and external asset redeployment solutions. EquipNet Direct offers comprehensive end-to-end service solutions, as well as administers buying and selling services across various industries. The management team includes seasoned pioneers in the industrial equipment and investment recovery arena, as well as eCommerce veterans. About Inland Paperboard and Packaging Inland Paperboard and Packaging, Inc., is an international manufacturer of paperboard and packaging products, with five paper mills in the United States and 50 converting facilities in the United States, Latin America and Puerto Rico. Based in Indianapolis, the company is a wholly-owned subsidiary of Temple-Inland Inc., (New York Stock Exchange and Pacific Exchange symbol TIN) headquartered in Diboll, Texas. |
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