EquipNet Direct to develop customer's first internal investment recovery program
EquipNet Direct to develop customer's first internal investment recovery program

Braintree, MA, August 31, 2000 - EquipNet Direct, the only online asset management company offering complete solutions to customers, announced today that Louisiana-Pacific Corp., a premier supplier of building products to retail, home building and industrial customers, has signed a contract to implement a proprietary investment recovery program.

EquipNet Direct conducted a complete analysis of Louisiana-Pacific to determine its needs and, in turn, customized the program accordingly. There are three parts to the solution that EquipNet Direct is providing:

    1. ARMS (Asset Redeployment Management System), its proprietary software that allows for internal redeployment of inactive machinery and equipment.
    2. MarketPlace - EquipNet Direct's public Web site that allows companies to realize fair market prices for their idle assets.
    3. Customized reports and intelligence on the asset recovery process.

"This is the first time that Louisiana-Pacific will have a centralized tool to track and re-deploy its idle assets," said Dr. Michael Raymont, Chairman of EquipNet Direct. "We are excited to be working with Louisiana-Pacific in executing a program that will efficiently and methodically redeploy the company's used industrial equipment."

The customized version of ARMS allows all Louisiana-Pacific facilities to view and request every idle asset within Louisiana-Pacific, regardless of where the asset resides. ARMS is also used as a tool in each individual facility to capture idle asset information and share it company wide. All assets that are not redeployed via ARMS will automatically be moved into the EquipNet Direct MarketPlace, to be sold externally.

"At Louisiana-Pacific we have always been looking for ways to improve our internal investment recovery. Through the use of EquipNet Direct's ARMS, we have found a way to get the best return on our investment and re-deploy our idle equipment internally," said Tom Keeland, corporate real estate manager for Louisiana-Pacific, who serves as the ARMS administrator for the company. "By working with EquipNet Direct we will be able to invest more time, money and effort in to making Louisiana-Pacific an even more successful company."

About EquipNet Direct
EquipNet, 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 Louisiana-Pacific Corp.
Louisiana-Pacific Corp., now in its 27th year, is a premier supplier of building products, offering a valuable mix of commodity and value added specialty products to its rapidly growing retail, homebuilding and industrial customers. Visit L-P's Web site at www.LPCorp.com.




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