Jason Fu during his presentation on Toolots' unique business model.CERRITOS, Calif. - January 16, 2017 - Toolots, Inc., a California-based provider of factory-direct industrial machinery, equipment, and technology hosted an investor conference on January 14th for a variety of interested investors and entrepreneurs accompanied by the attendance of several local press outlets. The event was the latest of three successful conferences hosted by Toolots in the last month, and saw a significantly larger turnout than initially anticipated.
The conference began with Mason Wang, Toolots’ Chief Operating Officer China Division, greeting guests and invited attendees to visit the Toolots China Office in Hangzhou and Ningbo. The event was then followed by individual introductions by each attendee and a tour of Toolots’ warehouse personally lead by Founder and CEO, Jason Fu. During his tour, he outlined Toolots’ expedited fulfilment process and highlighted several of the company’s best selling products such as their lathes and plastic injection molding machines.
Fu providing 40+ investors a tour of Toolots' best selling items in their warehouse.During his presentation Fu, who originally coined the term Internet 4.0, discussed Toolots’ logistics, their unique business model, and the success of their companion app, YuuTool. “Toolots differs from Amazon and Alibaba marketplaces because we specialize in the sale of industrial products and focus on the importance of aftersales services” Fu stated. He continued by citing YuuTool as the Toolots’ latest endeavor to ensure the satisfaction of each customer following initial sale, while simultaneously connecting the manufacturing community together. The event was concluded by an enthusiastic Q&A session and mixed discussion between Fu and attendees lasting for roughly an hour.
About Toolots
Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, as well as in mainland China, Taiwan, and Hong Kong. For more information about Toolots, visit their website. ###
