Braintree, MA, February 27, 2001 - EquipNet Direct (www.EquipNetDirect.com), the leading investment recovery company for the manufacturing industry, topped the $100 million mark in industrial equipment listings last week on MarketPlace, the company's external exchange engine.

MarketPlace has grown rapidly from its launch in October 1999, largely due to a growing roster of clients that have come to rely on EquipNet Direct's services. Some companies already finding profitable solutions through the company's capital asset management programs include pharmaceutical giant Novartis, forest products industry leader Weyerhaeuser, and chemical powerhouse BASF.

"Reaching this milestone proves that more and more Global 2000 companies are realizing the need for efficiency and savings," said Dr. Michael Raymont, chairman and CEO of EquipNet Direct. "Companies are taking a look at the immediate benefits of buying and selling their used idle industrial equipment through our MarketPlace and how it affects the company's bottom line."

The EquipNet Direct MarketPlace (www.EquipNetDirect.com) is an external exchange where members of the manufacturing industry can buy and sell used industrial equipment, usually through the bid/ask method. The company also manages hybrid auctions for many of their clients, simultaneously combining traditional auctions with simple yet robust web casting technology in liquidating facilities filled with surplus capital assets in these single-day events. EquipNet Direct also offers clients ARMS(tm) Asset Redeployment Management System (patent pending), its proprietary asset management system that allows for internal redeployment of inactive machinery and equipment.

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. (www.EquipNetDirect.com);

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