Braintree, MA, October 11, 2000 - In a bid to provide unprecedented efficiency to the $30 billion asset management and recovery industry, EquipNet Direct today officially announced its groundbreaking asset management services for both large and small businesses. The company offers manufacturers end-to-end internal, external, off, and online solutions for the redeployment of their idle and surplus assets.

EquipNet Direct's principal offering is ARMS (Asset Redeployment Management System), proprietary software that enables clients to track, identify and
internally redeploy idle and surplus assets. Addressing the need for increased efficiency, ARMS provides the user with flexible reporting tools that tie-in directly with existing financial management applications. EquipNet Direct conducts a complete analysis with each client to create an asset redeployment process that best fits its needs and culture. This process is then implemented with the ARMS application and strategically deployed throughout the company.

"With the implementation of ARMS, we have seen significant results in our clients' investment recovery efforts," said Dr. Michael Raymont, chairman and chief executive officer of EquipNet Direct. "For many of our customers, this is the first time they have a centralized tool to help efficiently manage their idle assets internally."

Once ARMS is implemented and equipment is listed internally, personnel at any company location can request and/or view the asset, and EquipNet Direct will facilitate its redeployment. All of this is accomplished with EquipNet Direct hosting the ARMS software on its own servers. This sharply reduces the operational and maintenance requirements for the customer. If the equipment is not redeployed internally after a predetermined period of time, it is seamlessly transferred from ARMS to EquipNet Direct's MarketPlace for external sale.

EquipNet Direct's external MarketPlace allows buyers and sellers of used industrial equipment to trade on a daily basis. Equipment may be listed in a "bid/ask" format and managed by EquipNet Direct in an open exchange, or EquipNet Direct will host full auctions for companies who determine that route to be the most efficient method of disposing of surplus assets.

EquipNet Direct employs personnel with years of asset management experience - servicing several key industries including forest products, chemical, pharmaceutical, and consumer products, and offers all a full line of value-added services. These services include plant liquidation appraisal, equipment decommissioning, transportation logistics (i.e. crating, rigging,
and shipping), re-installation, training of new end users, and line integration.

EquipNet Direct's services have been successfully implemented at several major national and international companies, including BASF, Louisiana-Pacific, Inland Packaging, and Nestle Canada.

"As we continue to partner with an increasing number of these industry leaders, it is becoming clear that our total-solutions business model is what is needed in the asset management sector," concluded Dr. Michael Raymont.

About EquipNet Direct

EquipNet Direct, Inc. provides Global 2000 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. Visit EquipNet Direct's web site at www.EquipNetDirect.com.

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