E-Commerce

ZeMing M. Gao and Peter Wei join Toolots executive team to assist the company's growth and future endeavors

CERRITOS, Calif. - March 13, 2017 - With the end of Q1 2017 rapidly approaching, Toolots announced Wednesday that two new executive officers have been hired to assist with business development endeavors. ZeMing M. Gao, Chief Strategy Officer (CSO), and Peter Wei, Board of Directors Executive Adviser, collectively have over 50 years of professional experience in a variety of industries, and will begin work immediately at Toolots’ headquarters located in Southern California.

ZeMing M. Gao graduated from University of Wisconsin Law School, received a Masters of Science in Biophysical Chemistry from University of Washington, and a Masters of Science in Quantum Chemistry from University of Jilin. With over 30 years of experience in business development, Mr. Gao has successfully fostered business growth by providing U.S. companies with specific industry knowledge on investments, education, and technology to ensure each business’ individual needs are met. In addition, Mr. Gao possesses vast experience in intellectual property (IP) protection, legal counseling, development, and commercialization, managing and protecting valuable assets.

Peter Wei graduated from Beijing University with a Bachelor’s in Computer Science and received his MBA in Business and Management from Pepperdine University before obtaining a Ph.D in Computer Science from the University of Michigan. Mr. Wei, also a software architect and rules expert, possesses more than two decades of senior management experience in the technology and software industries. In previous positions, Mr. Wei has successfully implemented software solutions and dynamic rule-based decisioning systems to simultaneously improve efficiency, productivity, and growth for businesses in an array of industries.

“We’re excited to have such distinguished gentlemen with vast industry experience joining Toolots,” Raymond Cheng, Toolots Chief Operating Officer said. “We’ve experienced a lot of growth during Q1, and expect it to continue throughout the year."

This news follows Toolots’ recent announcement of plans to hire an estimated 20 additional employees, the successful launch of its ongoing Global Commerce Services initiative, and the upcoming US-China Medical Device Summit in June 2017.

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.

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CERRITOS, Calif. - Feb. 23, 2017 - Toolots is pleased to announce the sale of the first United States manufactured product offered on our online marketplace, following the launch of our Made in USA network earlier this year. The sale was for a MS100 Media Separator, part of Cyclone Manufacturing’s dust collector line. Based in Southwest Michigan, Cyclone Manufacturing has over 40 years of experience and expertise in the industry and proudly engineers and manufactures sandblasting equipment and supplies. As a company we are excited to see our vendors succeed, and to delighted to know the manufacturing industry in the U.S. continues to grow.

Toolots is pleased to announce the addition of a new vendor, Diamond Tools International (DTI), to our E-Commerce marketplace and Global Commerce Services initiative. Based in Florida, DTI manufactures diamond blades, tooling supplies, and more for the industrial, construction, and natural stone fabrication industries. DTI’s products will be available on Toolots.com mid-February 2017 for sale to customers located domestically in the U.S. and internationally in China.

DTI’s products include blades, wheels, bits, and pads in quality diamond, granite, concrete, and more. DTI has roughly 30 years of experience in the industry and highly trained staff to assist in purchases and ensure each customer receives the right product for their job. DTI is proud to serve several government accounts including various State Department of Transports, Fire Departments, Military branches, and more.

Toolots is excited to offer our domestic and international customers diamond blades, tools, and accessories through the inclusion of Diamond Tools International. For purchasing information, visit Diamond Tools International’s marketplace on Toolots.com.

Toolots is pleased to announce the addition of a new vendor, Gorilla Concrete Tools, to our E-Commerce marketplace and Global Commerce Services initiative.

Based in Ohio, Gorilla Concrete Tools manufactures dustless concrete saws and crack chasers. Gorilla Concrete Tools’ products adhere to the latest OSHA rules and regulations. Additionally, all products manufactured by Gorilla Concrete Tools are made in the U.S.,and military tested and approved.Gorilla Concrete Tools’ products will be available on Toolots.com mid February 2017 for sale to customers located domestically in the U.S. and internationally in China.

Gorilla Concrete Tools’ concrete saws and crack chasers are electric powered to reduce fuel emission and cost, and specially manufactured to include a two inch dust portal to optimize dust control. All concrete saws and crack chasers are built with a heavy duty frame, handles with vibration dampeners, and easily adjustable depth knobs. Toolots is excited to offer our domestic and international customers dustless concrete saws, crack chasers, and accessories through the inclusion of Gorilla Concrete Tools. For purchasing information, visit Gorilla Concrete Tools’ marketplace on Toolots.com.

Toolots is pleased to announce the addition of  a new vendor, TK Equipment, to our E-Commerce marketplace and Global Commerce Services initiative. Based in Texas, TK Equipment manufactures concrete and mortar mixers alongside complementary light construction equipment. TK Equipment’s products will be available on Toolots.com mid February 2017 for sale to customers located domestically in the U.S. and internationally in China.

TK Equipment’s products include concrete saws and mixers, mortar mixers, surface preparation equipment, handling materials and more.TK Equipment’s motorized products are available with either gasoline, electric, or diesel motors, and currently have over 70 service dealerships where authorized warranty repair and maintenance can occur. All products manufactured by TK Equipment are made to match industrial high quality standards at competitive prices including customer services and digital copies of how to, parts breakdown, and operator manuals. Toolots is pleased to offer our domestic and international customers concrete and mortar mixers through the inclusion of TK Equipment. For purchasing information, visit TK Equipment’s marketplace on Toolots.com.

Toolots is pleased to announce the addition of Karmetal (KMT) products with Bolton Tools as their official licensed distributor to our E-Commerce marketplace. KMT manufactures high quality industrial bandsaws using the latest technological advancements to ensure quality and offer their customers competitive pricing. Additionally, KMT provides a two-year warranty for machine mechanics, and a one-year warranty for electric/electronic parts and components on each purchased bandsaw. KMT bandsaws domestically ship out of their North American warehouse in Chicago and, like Toolots, the company offers quality after-sales services.

Toolots is excited to offer our customers precision industrial bandsaws through the addition of Karmetal (KMT)’s products through distribution by Bolton Tools. For purchasing information, visit KMT’s marketplace on Toolots.com.

Toolots has announced the addition of Advanced Precision Linear LLC (APL) products and services to our E-Commerce marketplace. APL is the exclusive U.S. distributor of TBI Motion Technology Co. who manufacture linear motion products including ball screws, precision ball screws and splines, and linear guard rails. Advanced Precision Linear distributes TBI Motion products for use in industrial machining and the robotic industry, and for tooling, medical equipment, solar energy equipment, and more. Additionally, APL provides servicing for all their linear motion products, as well as technical support in tandem with TBI Motion.

Toolots is pleased to offer our customers high-quality ball screws, linear guide rails, ball splines through the inclusion of Advanced Precision Linear LLC’s products in our marketplaces. For purchasing information, visit APL’s marketplace on Toolots.com.

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.                                                ###

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.

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, 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.                                                                                                                ###