california

  • Announcing New Toolots Vendor: Stratojet

     

    Toolots is happy to announce the addition of a new vendor, Stratojet, to our E-Commerce marketplace and Global Commerce Services initiative! Based in Santa Fe Springs, Stratojet manufactures wide format printers, flatbed cutters, and printing solutions. Stratojet’s products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.  

    Stratojet's Shark EFB-2512 Flatbed Printer 4'x8' can print on a variety of rigid and flexible substrates.

    Stratojet’s printers span from flatbed to dye sublimation, eco-solvent, and roll to roll UV curable to complete a variety of projects and signs. All printers are built with Accurate Dot Placement (ADP) technology which precisely places each drop of ink to improve midtones and the overall image quality while smoothing color transitions and reducing the number of printer passes. With over 20 years of experience in the printing industry, Stratojet ensures each printer is designed with the operator's ease of use in mind, and built with high quality components for durability in heavy or light production environments. 

    Stratojet's Shark Cut 2516 Flatbed Cutter 5'x8' is capable of cutting and creasing multiple materials such as corrugated board, cardboard, hard PVC, foam board, and more.

    In the event of an issue, the Stratojet team is committed to assisting their customers by offering a variety of after-sale services like phone and online support for troubleshooting resolutions. Additionally, through its network of technicians, the company can expedite part changes to reduce costly machine downtime. Furthermore, Stratojet's engineers have extensive knowledge on wide format hardware and software, many of which possess over 10 years of industry experience, and are manufacturer trained and authorized. 

    Toolots is excited to offer our domestic and international customers quality large format printers through the inclusion of Stratojet! For purchasing information, visit Stratojet USA’s marketplace on Toolots.com. 

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  • Toolots Hosts Distinguished Guests at US-China Manufacturing Delegation

    Xiuzhou Economic Development Delegation from Jiaxing, China visits Toolots and local SMEs

    Tenghui Guo, Executive Deputy Governor of Jiaxing, giving open remarks to attendees.

    CERRITOS, Calif – August 17, 2017 – Toolots was honored to receive over 40 prestigious guests Tuesday for an exclusive US-China Manufacturing Delegation held at its’ headquarters. The event aimed to gather US and Chinese government officials with expertise and experience in the manufacturing industry with local US manufacturers to discuss the importance of bridging the gap between the Pacific, how to improve trade relations, and the future of the industry as a whole. Attendees were given the unique opportunity to ask delegates questions regarding the industry and the importance of California and the Xiuzhou District.

    The event began with with remarks by Toolots Founder Jason Fu and the Executive Deputy Governor of Jiaxing Tengui Guo, who stressed the importance of strong trade relations to streamline industrial commerce between the United States and China. Cerritos Mayor Grace Hu then delivered a proclamation certificate to Guo, to thank the delegation for choosing the city of Cerritos and its’ businesses to begin strengthening relations.

    “California is open for business [and happy to] support our residents here within the district” Adam Galia, a District Representative for California State Senator Tony Mendoza, stated. Galia then presented the delegation with a certificate on behalf of the Senator for the 32nd District. “[We] commend your contributions to this form of helping  American businesses in advancing and improving relations between our two countries” Galia read, verbatim, from the certificate.

    Lisa Zhou, President of the Chinese CEO Organization, followed Galia by presenting a certificate of recognition for contributions to the development of the Chinese-American business community, noting the Xiuzhou Economic Development Delegation’s commitment to improving trade relations. Desmond E. Thompson, Vice Chairman of the Board for the Cerritos Regional Chamber of Commerce, then discussed China’s role in international trade with the US. With over $600 billion in total trade with China in 2016, the Vice Chairman was thrilled that Toolots and the Delegation chose Cerritos as their headquarters and event location. “Toolots [is] helping expand the local opportunities for all businesses to play a role in this significant source of trade,” said Thompson.

    Vice Chairman of the Board for the Cerritos Regional Chamber of Commerce, Desmond E. Thompson, discusses US-Chinese trade and the potential benefits for local SMEs.

    Toolots Chief Technology Officer, Bill Andreozzi then took the stage to provide guests an introduction to Toolots’ unique platform. Briefly, Andreozzi explained Toolots’ vertical approach to the market, and how after-sale services can disrupt traditional eCommerce models. The event concluded with an industrial equipment cross-border eCommerce platform signing ceremony, a group photo, and a networking luncheon.

    Representatives from the Xiuzhou Economic Development Delegation from Jiaxing, China (嘉兴市秀洲区经贸考察团) included:

    • Tenghui Guo: Executive Deputy Governor, People's Government of Xiuzhou District, Jiaxing City
    • Chunfu Dong: Deputy Director, People's Republic of Xiuzhou District, Jiaxing City
    • Xihua Xu: Director, Jiaxing Xiuzhou Bureau of Economy & Commerce
    • Jianzhong Du: Deputy Director, Development and Reform Bureau of Xiuzhou District, Jiaxing City
    • Yong Qian: Director, Bureau of Economic Development & Statistics, Jiaxing Xiuzhou National Industrial Development Zone
    • Yanqin Ma: Project Manager of Service Investment Bureau, Jiaxing Xiuzhou National Industrial Development Zone (interpreter)

    According to the Chinese government officials who attended, California’s role in global commerce is imperative. International contributions through trade and investment will provide significant benefits to the manufacturing community,extending beyond American businesses and their employees to assist the communities they operate in as a whole.  

    Group photo of attendees of the US-China Manufacturing Delegation hosted by Toolots at their Cerritos, CA headquarters.

    “Xiuzhou can help American companies to develop their businesses,” said Guo, Executive Deputy Government for the People’s Government of Xiuzhou in Jiaxing City. Guo was one of six members of the delegation who traveled to Toolots Cerritos headquarters for the event. He further added that the Chinese government wants to reinforce its national manufacturing reach by solidifying strategic partnerships with esteemed foreign manufacturers, like those located throughout the state of California. During a brief presentation, Xihua Xu, Director of the Jiaxing Xiuzhou Bureau of Economy and Commerce, discussed the manufacturing resources, potential partnerships, and investment or partnership opportunities in his city. While these partnerships are valuable to Chinese government officials, it’s also an opportunity for American manufacturers to broaden their market, invigorate production, and spark increased localized growth. “We think Toolots will become a bridge between companies in China and California, and elsewhere in the United States.”

    The US-China Manufacturing Delegation is one example of Toolots’ ongoing ambition to increase engagement between the US and Chinese industrial communities to help promote localized economic growth in Southern California while also educating US SMEs on how to effectively export their products to the overseas market. Additionally, the Company’s streamlined global eCommerce platform makes it easy for manufacturers to sell their products to long-tail, or niche, markets.

    Toolots differentiates itself from the competition by providing the logistical, financial, and personnel support to get new products in the hands of new customers in addition to comprehensive after-sales services. This affords small to medium sized enterprises the ability to focus on the quality of their products, while Toolots handles the heavy lifting. To learn more or to list your company’s products on our eCommerce platform, sign up at www.toolots.com.


    Jason Fu and William Andreozzi speak with American Multimedia TV USA about the importance of improving international trade relations.

  • Announcing New Toolots Vendor: Conquest Industries

    Toolots is pleased to announce the addition of a new vendor, Conquest Industries, to our E-Commerce marketplace and Global Commerce Services initiative! Conquest’s headquarters and manufacturing plant are located in a 43,000 square foot building in Santa Fe Springs, California. Conquest’s products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.

    Conquest Industries' CutterMaster, versatile and easy to use.

    For the last thirty eight years, Conquest has proudly manufactured quality equipment, tools, and supplies for the woodworking and metalworking industries. Products currently sold by the company include a variety of specialty metals, drill grinders, tool and end mill sharpeners, spindle line boring machines, Magnum vises, and more. In addition to their woodworking and metalworking product lines, Conquest also has an inventory of over 7,000 parts for repairs and provides excellent technical assistance to support each customer’s individual needs.

    Toolots is happy to offer our domestic and international customers woodworking and metalworking machines, equipment, and tools through the inclusion of Conquest Industries. For purchasing information, visit Conquest Industries’ marketplace on Toolots.com.

     

     

    About Toolots

    Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and manufacturing technology. Our user-friendly platform provides fast, easy access to high-quality, affordable equipment for manufacturers. More than a simple distribution channel, Toolots provides comprehensive services for companies around the world who produce the  industrial machinery and equipment we sell, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality 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, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

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  • Toolots Announces New Chief Financial Officer

    Robert Zhang brings over 20 years of keen fiscal management to Toolots, Inc.

    CERRITOS, Calif. - March 23, 2017 - A veteran financial services director has joined Toolots, Inc. as its new chief financial officer, the California-based company announced this week. Robert Zhang, who has more than 20 years of experience within the financial services industry in the United States and Asia, was selected to fill the position after careful consideration of his unique vision for Toolots including rapid yet sustainable growth, additional training and focus on fiscal operations to support the business model.

    Mr. Zhang has a long history of bringing his expertise to wide-ranging enterprises and helping lead them toward greater financial success. He co-founded Pandtong Capital Limited, a qualitative portfolio-trading firm based in Hong Kong, and for nearly 20 years prior served as the managing director for Morgan Stanley and J.P. Morgan Chase as its head of Asia equity technology. At Morgan Stanley, Mr. Zhang was responsible for the development of technology for various trading markets and personally hired and trained over 300 developers over the course of 3 years to support sustained growth at the company.

    As an integral member of the Toolots executive management team, Mr. Zhang will help to formulate the company’s future direction and put it into play through specific, tactical initiatives. Through implementation of best practices developed over his vast experience managing financial operations in multiple countries, he will help streamline the company’s internal functions to increase profitability and efficiency.

    Mr. Zhang is a graduate of Shenzen University in China, where he earned his business degree,  and received a Bachelor’s in computer science from the University of North Carolina at Charlotte. Stay tuned for additional updates in the coming days as the Toolots executive team continues to grow.

    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 at www.toolots.com.

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  • Toolots Signs Investment Agreement, Injects Capital into Enterprise

    T18 Capital, Inc. to invest significant capital following successful fundraising venture

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    CERRITOS, Calif. – March 7, 2017 – Toolots, Inc., a California-based online distributor of industrial machinery, tools and technology, entered an agreement with an investment firm Tuesday to inject capital into the enterprise following completion of a successful fundraising campaign. Members of the Toolots Board of Directors, including Founder, Chief Executive Officer and Board Chairman Jason Fu, were on hand to sign the agreement, which injects a significant yet undisclosed amount of capital into the enterprise.

    Toolots partnered with T18 Capital, Inc. for the fundraising venture, which will help support the company’s initiative to enter sales agreements with more than 100 American manufacturing companies by the year’s end. So far in 2017, Toolots has achieved over 20 percent of that goal, partnering with small to medium-sized manufacturers based in the United States to distribute their products both domestically and internationally.

    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 and China. For more information about Toolots, visit their website at www.toolots.com.

  • Women in the Trades, Logistics, Manufacturing and Engineering Expo

     

     

     

     

     

    Toolots Hosts Free Expo Feb. 22 to Promote the Role of Women in U.S. Manufacturing, Trades and Related Industries

    Toolots, an online distributor of factory-direct industrial machinery, equipment and technology, is hosting a free expo Feb. 22 from 9:30 a.m. to 2 p.m., “Women in the Trades, Logistics, Manufacturing and Engineering.” The expo is a great opportunity for students to meet successful women who already work in the trades – a field that is growing nationally and is in need of a dedicated, educated workforce to bolster U.S. manufacturing.

    The event is offered by the Southeast Los Angeles County Workforce Development Board (SELACO), Cerritos College and the Advanced Manufacturing and Engineering Technology Linked Learning Consortium (AMETLL). Toolots is hosting the event at its headquarters, located at 16300 Shoemaker Ave. in Cerritos, Calif. 90703.

    “We are happy to support SELACO and other partners in promoting the entrance of women into the trades, a career path that is in increasingly high demand,” said Raymond Cheng, Toolots chief operating officer. “The event was designed to help students better understand the industry, and give them a unique opportunity to meet one-on-one and connect with women who have successfully entered the trades.”

    Student registration for the expo begins at 9:30 a.m. Toolots representatives will welcome the group of more than 100 students expected to attend. The day’s panel discussions, involving five women who serve as engineers, instructors, designers and more within the trades, start at 10:15 a.m.

    Panel participants include:

    • Ashley Davitt, senior design engineer with ACCO Engineered Systems in Orange County, whose work focuses on heating, ventilating and air conditioning design within commercial buildings. She oversees design, construction and commissioning of projects in offices, laboratories, schools and manufacturing centers. She graduated from California State Polytechnic University San Luis Obispo with a B.S. in Mechanical Engineering, and is a state-registered mechanical engineer in California.
    • Jeanne Carnegie, a senior quality assurance engineer with Arconic Fastening Systems and Rings, deals with supplier management and works with IT programmers. She previously developed procedures with the Shimadzu Corporation for the manufacture of landing gears for planes, writing the manual for their operation. She has also worked in loss control engineering and developed an electronic system to collect information in the refinery and drilling industry.
    • Lisette Cruz, a pre-apprenticeship instructor with the Bridging Outstanding Opportunities with Tradeswomen Skills and a member of The Sisters in the Brotherhood, works to help women enter into successful careers in the union carpentry trades. Through The Sisters of the Brotherhood, she conducts outreach to mentor women considering carpentry as a career, and men who have the same interest. Since 1990, Cruz has been a member of The Sisters of the Brotherhood and Joiners of America. She received diplomas in carpentry home building maintenance and welding.
    • Mary Wall, director of operations at JMC2, where she provides clients with practical, innovative solution as a civil engineer. She began her career in structural engineering with Grossman & Speer Associates. She also managed numerous residential subdivision developments as a project manager for CTA Inc. and Lewis Homes, which was later acquired by KB Home. She managed the operations as 50 percent owner of DW Wall Construction Inc. and additionally, has conceived, designed, built and successfully run a restaurant, which she later sold. She has experience overseas coordinating the startup of a special needs school in China. She received a B.S. in Civil Engineering and a Master’s of Science in Engineering Management from the University of Southern California.
    • Viridiana Hernandez, a graduate student in Cerritos College’s Engineering Design and Plastic/Composite Tool Design programs, and is finishing up her last year at California State University, Los Angeles to earn a degree in Industrial Technology. She works for Con-Tech Plastics, a plastic injection molding company located in Brea, and attends school full-time.

    Following the panel discussions, two representatives from Manhattan Beach-based organization Polishing the Professional will lead a presentation, “Breaking Down the Barriers.” Davina Douthard, chief executive officer of Polishing the Professional, and her seminar and training coordinator, Anais Maseda, will lead the discussion at 11:30 a.m.

    Polishing the Professional provides leadership, imaging direction and personal branding services to a variety of clients – from designing programs, hiring and evaluating staff to monitoring fiscal operations, according to its website. Douthard also leads the Davina Douthard Foundation, a 501c3 public benefit corporation.

    From noon to 2 p.m., students will have an opportunity to meet individually with a wide range of companies within the trades. Students are free to ask company representatives questions, get to know more about what their organizations do, and make a lasting impression.

    Find more information and the schedule of events for the Women in the Trades, Logistics, Manufacturing and Engineering Expo. Parking is available in the lots to the north and south of Toolots headquarters. This event was made possible with the support of SELACO, AMETLL California Career Pathway Trust Fund Grant and Cerritos College.

    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 at www.toolots.com.

  • Toolots Reaffirms 2017 Projections for Exponential Expansion

    Toolots, Inc. on track to successfully add 100 U.S. manufacturers to its network by year's end

    CERRITOS, Calif. - January 12, 2017 - Toolots, Inc., a California-based provider of factory-direct industrial machinery, equipment, and technology, announced early this month their projection to add 100 new United States-based companies to their network to sell and export their products to Asia in 2017, with additional domestic distribution. Within the two weeks following Toolots’ announcement, the company has successfully signed up three new U.S. based companies, and currently are finalizing discussions to add another three companies within the next week. Toolots Founder and Chief Executive Officer Jason Fu said by adding 100 U.S. based companies to their network in 2017, Toolots would be one step closer to achieving their goal to foster better relations between the U.S. and China, bridging the gap between manufacturers on both sides of the Pacific.

    Toolots' Headquarters in California. Toolots' Headquarters in California.

    Thus far in 2017, the manufacturing industry has seen an overall rising trend following reports of the industry expanding at its fastest rate since 2009 in December 2016; major automotive manufacturing companies like Fiat and Apple planning to build facilities in the U.S.; and U.S. Steel reopening a facility closed after previous industry decline. More recently, Jack Ma, founder and chairman of the international trade enterprise Alibaba Group, met with President-Elect Donald Trump to discuss plans to focus on U.S. job creation, market expansion, and strengthening U.S. and Chinese relations by signing one million U.S. based smaller businesses to sell on their site.

    This concept is not unfamiliar to Toolots, as Fu expressed similar sentiments in May 2016 to Industrial Distribution.com and again a few months later during a July 2016 interview with Cutting Tool Engineering Magazine. Fu explained that Toolots Inc. and Toolots.com are two vital tools that can be used to foster international trade relations and global benefits for both the U.S. and China specifically within the manufacturing industry. Since its establishment in 2011, Fu’s vision has always been to use Toolots to "help streamline industrial commerce between the United States and China and build lasting relationships that lead to economic growth" for all involved.

    Fu stated, "I have always wanted to use this company to increase domestic opportunity here in the U.S., to sustain and create new American jobs, and expand domestic manufacturing resources and profits in manufacturing. We do this through exporting products to manufacturing companies in China and East Asia who demand U.S. manufactured products and goods."

    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 and China. For more information about Toolots, visit their website at www.toolots.com.

  • Announcing New Toolots Vendor: CTD Machines

    Toolots has announced the addition of a new vendor, CTD Machines, to our E-Commerce marketplace and Global Commerce Services initiative. Based in California, CTD Machines “produce high quality, precise, industrial cut off saws for the modern manufacturing plant.” (CTD Machines). CTD Machines' products will be available on Toolots.com mid January 2017 for sale to customers located domestically in the U.S. and internationally in China.

    All CTD Machines products are “proudly made in the USA” since the company’s establishment in the 1950s as Commercial Tool & Die, when they began manufacturing custom machines and industrial chop saws. Since then, CTD has been “committed to constant evaluation and upgrading of our products, while always remaining faithful to our fifty year dedication to superior customer service” (CTD Machines). Toolots is pleased to offer our domestic and international customers quality industrial cut off saws, parts, and supplies through the inclusion of CTD Machines. For purchasing information, visit CTD Machines’ marketplace on Toolots.com.

  • Toolots Hosts Multitude of Investors for 2017 Meeting

    Fu discusses Toolots' logistics and 2017 projections with ~30 investors in attendance.

    CERRITOS, Calif. - January 7, 2017 - Toolots, Inc., a California-based provider of factory-direct industrial machinery, equipment, and technology hosted their first investor meeting for the 2017 quarter last weekend. Roughly 30 California based investors, with backgrounds ranging from finance to science and technology, attended the event to discover more about Toolots’ unique e-commerce marketplace.

     

    Jason Fu, founder and CEO of Toolots,Inc., began the event by discussing Toolots’ evolution and expansion with attending investors since the company’s creation in 2011. During his presentation, Fu outlined Toolots’ goal to achieve lasting economic growth for the U.S. and China by building strong relationships and streamlining industrial commerce. He concluded by sharing the launch of Toolots’ new Global Commerce Services initiative, including their projection to expand their current manufacturing network by at least 100 companies in 2017.

    Hermann Liu of Andra Capital gives presentation discussing the qualities of beneficial investments. Hermann Liu of Andra Capital gives presentation discussing the qualities of beneficial investments.

    Hermann Liu, Managing Partner at Andra Capital, stated that the “quality of the entrepreneur [Jason] and the business is what sets Toolots apart and makes their success” following his presentation discussing the necessary steps companies must take to “cross the chasm”. Liu cited Jason Fu’s resilience and execution as two of the CFO’s best qualities and critical to the company’s successful expansion and operation thus far. “Jason has a vision and is not driven by finances”, Liu said and continued by explaining “he genuinely wants to do good and better both the U.S. and China.” Liu also stated Toolots is unique as Amazon and Alibaba can’t immediately compete with Toolots due to the fact that they lack the necessary presence respectively within the U.S. and China.

    “I have seen first hand the way he interacts with his investors, his employees, and vendors, and it’s very admirable and genuine” Liu concluded.

     

    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.

    For more information or questions, contact Samantha Hyatt, Toolots' Director of Public Affairs, at shyatt@toolots.com or 1 (844) 866-5687.                                                                                                                ###

  • Toolots Concludes 2016 with Major Investment Conference

    CERRITOS, Calif. - January 6, 2017 - Toolots, Inc., a California-based provider of factory-direct industrial machinery, equipment, and technology, concluded 2016 by hosting several major investment entities, located locally throughout Southern California, for a year end investor conference on December 23,2016.

    Investor attendees had the opportunity to tour Toolots’ 114,000-square foot facility including the company’s expanded warehouse where their fulfillment and shipping processes occur. However discussing Toolots’ recent and future achievements was the primary focus.

    Jason Fu, founder and CEO, lead the discussion highlighting Toolots’ major accomplishments and positive growth in 2016. One such topic included Toolots’ successful launch of their E-Commerce site, and its subsequent expansion, earlier this year in May of 2016.  Toolots’ E-Commerce model emulates major online marketplaces like Amazon, Ebay, and Aliexpress. However Fu explained it improves upon these markets by focusing exclusively on the manufacturing and machining community to allow its customers and vendors the freedoms of access and variety without sacrificing product or customer service quality. Following this accomplishment Toolots launched its free companion app, YuuTool, to connect the manufacturing community both domestically and internationally with quality machine service and repair.

    George Zhao, Director of Chinese Ministry for the Kay Family Foundation located in Irvine, CA, was in attendance and stated he was excited and encouraged by the fact that Toolots is essentially “within a niche market, [and] mastering one area of business instead of being mediocre at many” which will allows them to focus on the manufacturing community. Zhao stated that a significant gap currently exists between the U.S. and China’s manufacturing and machining communities. “Toolots is building a manufacturing bridge between the U.S. and China,” Zhao stated as a major factor in strengthening manufacturing capabilities that the domestic and international manufacturing communities could notably benefit from.

     

    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.

     

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