Braintree, MA, January 9, 2001 - EquipNet Direct, (www.EquipNetDirect.com), the only technology-based asset management company offering complete internal/external, on/offline services, announced the appointment of Howard Rosichan as Manager, Chemical Equipment Sales.

Mr. Rosichan is a seasoned professional, having worked in all aspects of process machinery and the investment recovery industry for over 29 years. He joins EquipNet Direct from Federal Equipment, one of the largest and most successful used chemical equipment dealers in the United States. He has worked with clients throughout the world, from Australia to South America and Europe to the Philippines.

"Howard brings to EquipNet Direct an outstanding background in the chemical equipment industry," said Dr. Michael Raymont, CEO of EquipNet Direct. "His breadth of experience and his leadership qualities will add to our strong foundation in the chemical vertical. We are delighted to have Howard on our team."

The addition of Mr. Rosichan to the EquipNet Direct team of asset management specialists continues the expansion of the company's expertise in the used chemical equipment industry. EquipNet Direct provides internal equipment redeployment solutions to Global 2000 chemical manufacturers such as BASF and Novartis Chemical, as well as an open MarketPlace to smaller manufacturers to buy and sell idle machinery.

"I am pleased to be joining EquipNet Direct, one of the few companies that offer proven solutions to the asset management challenges faced by the chemical industry," said Mr. Rosichan. "I look forward to utilizing my experience and knowledge to solidify EquipNet Direct's reputation as a complete solutions provider for asset management in the industry."

Mr. Rosichan attended John Carroll University, where he received a BA in Marketing. His professional affiliations include the Machine Dealers National Association (M.D.N.A.).

Mr. Rosichan will be based in EquipNet Direct's home office in Braintree, MA.

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 innovative on- and off-line solutions as well as comprehensive end-to-end services that administer buying and selling across various industries. Industries currently include chemical, plastics, forest products, pharmaceutical, and warehousing. 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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