local business

The event aimed to open discussions about cross-border business between the U.S.-China, while encouraging the next generation of engineers and entrepreneurs within the community. 

Toolots Team attending Day 2 of the Forum.

September 30 and October 3, 2017-Toolots was a proud sponsor of the ShuiMu U.S.-China Innovation and Entrepreneurship Forum, a two-day conference held on last weekend on September 30th and October 1st. The conference was co-organized by Tsinghua University's Alumni Association in Southern California and LEAP Career Development, a nonprofit dedicated to career advancement and networking for young people in STEM. The event aimed to open a dialogue about cross-border business in the U.S. and China, with a focus on topics such as culture, economy, innovation, and technology. In addition to a forum for innovators and investors, the conference integrated a Venture Capital (VC) pitch competition, as well as a Youth STEAM Innovation Competition. Tsinghua’s strong alumni presence in Southern California provided the forum with a distinguished lineup of exceptional business executives and leading minds across a wide range of fields.

Dr. Jessie Ying Zhan speaking to attendees about how Toolots has collectively worked to achieved success.

Day 1

On Saturday, Toolots was pleased to host the events for Day 1 of the Forum which included an Entrepreneurship Bootcamp and the Youth 3D Design Mini Hackathon. Both events were held at Toolots' headquarter office located in Cerritos, California. The Entrepreneurship Bootcamp featured three distinguished keynote speakers from Tsinghua's Alumni Association, including Toolots’ own Dr. Ying Zhan (Jessie). Topics covered included risks and solutions in start-ups, the entrepreneur’s mindset, and how to win over investors. The speakers shared their collective experience as cross-border business leaders and investors before offering advice on leadership and entrepreneurship.

During the event, Jessie shared Toolots’ story and how the company was able to successfully garner VC investment. She explained that Toolots’ success, not only in its pitch but its overall trajectory as a start-up, could be attributed to its exceptionally strong board, its genuinely disruptive business model, and its ability to prove feasibility and user traction.

The second event, the Youth 3D Design Mini Hackathon, occurred on Saturday afternoon. Participants of the event were allowed to work in teams of two or three, including an adult coach, and were required to be currently enrolled in a school between 6th-12th grade. Winners of the "Explore Mars, Build the Future" theme were invited to attend the final pitch of Day 2's Innovation and Entrepreneurship Competition event. Facilitation of this event, and similar ones, is part of Toolots' initiative to actively support education and encouragement of youth in technology through attending, hosting, and sponsoring community education events, an ongoing partnership with the ABC Unified School District, and a new summer internship for high school students interested in the manufacturing industry.

Student winners of Day 1's Hackathon attend Day 2's pitch competition.

Day 2

The second day was held at the Hilton San Gabriel in Los Angeles and featured a full day of events intended to bring together the business forum and the youth competitions.

The first discussion centered around the current environment for cross-border startups in China and the U.S. The panel mainly addressed the opportunities and challenges companies and business leaders in both countries must overcome to successfully do business overseas. During their dialogue, the panel also discussed innovation and cross-border entrepreneurship in both markets before noting that the legal environment has seen great improvements in China, and that IP protection has increasingly become a priority.

The second panel featured speakers with technology industry knowledge who addressed potential business opportunities with AI and machine learning technology. The panelists discussed the current AI landscape and various applications of AI, including security, healthcare, and autonomous driving.

Toolots CTO Bill Andreozzi speaking on the components of a good, successful pitch.

Following the conclusion of the panel discussion portions of the event, Toolots CTO Bill Andreozzi kicked off the pitch competition after giving an opening speech. During his speech, Andreozzi demonstrated parts of Toolots’ own pitch, while analyzing the key components to provide insight into the necessary elements of a good, successful pitch. He began with an analysis of the title, “Machinery of operational transformation,” explaining that it was an effective yet simple way to tell investors that Toolots essentially provides a collection of tools and gears that work together to provide disruptive solutions.

Andreozzi then gave an overview of the barriers SMEs going global often face: inefficiency, high prices, slow innovation. He elaborated by stating that products often don't go global until there is demonstrated market value, which results in slow innovation. Andreozzi stated that Toolots' platform and business model are intended to help SMEs overcome these barriers to expand their businesses and generate revenue.

During his speech, Andreozzi also highlighted the importance of clearly distinguishing your business from competitors when pitching to investors. He referred to Toolots' pitch, wherein the company contrasts their new, innovative business model with the traditional model that often results in manufacturers losing their branding rights when selling products like industrial equipment overseas. Overall, the traditional model increases cost to consumer, while decreasing revenue to manufacturer in China.

“Show the problem statement and then show what you do. What differentiates you? Break down specifics,” Andreozzi said, explaining a slide listing the comprehensive services Toolots offers its customers and vendor partners. He noted that at this point during the pitch, investors might ask whether Toolots really does all of this. The answer would be yes, because all the services are scalable, with the most important being after-sales services. Toolots has successfully built a network of service technicians with YuuTool, the Uber of service repair.

“Make sure both your business model and market are sustainable. What is gluing your customer to your product?” prompted Andreozzi, before offering a deep dive into how Toolots “glues” the customer: it manages all their daily operations, and its ERP is being built so that Toolots can put business intelligence around it. Toolots focuses on ERP and partners with others for supply chain, etc. With a majority of data integrated into its ERP, Toolots will achieve true transparency with regards to operations and supply chain that will allow vendor partners to make informed decisions, focus on revenue generation, and day to day operations.

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Streamlining and creating processes to increase productivity and efficiency throughout the company 

CERRITOS, California- October 3, 2017- Toolots, an online marketplace and international distribution channel for factory-direct industrial tools, machinery, equipment, and technology, recently announced the expansion of their technology department through the hiring of Manny Aparicio as the company's new IT Manager last month.  

"Everything IT, [and essentially] anything that plugs into a wall, I want to help with" Aparicio stated when discussing his personal ambitions for the role. 

Aparicio joins the company with over 10 years of industry experience in various IT management roles including his previous role, where he was responsible for overseeing the Managed Service Provider (MSP) for a startup company in Los Angeles. When asked about his perceptions about the company, Aparicio stated he saw Toolots as an interesting, technologically involved company looking to improve its own processes, as well as those for its partnered vendors. He elaborated by stating he was impressed by the company's dedication and growth, and looked forward to helping the company make a bigger impact in the industry through the creation of streamlined processes. 

"Streamlining the processes are key for production. I'm like a highway worker clearing out the lags and debris to make the road clean and solid for us to use," Aparicio said. 

As the new IT Manager for Toolots, Aparicio will be responsible for implementing and maintaining the company's technology infrastructure while working with the current CTO William Andreozzi and his team. Moreover, he will be responsible for researching new technology that may assist in improving productivity and organization when implemented. As of now, Aparicio is auditing the company's current systems and assessing their outcomes to identify areas that are inefficient and can be improved. He stated that the goal of the audit is to assess what needs to be completed overall, while also determining what should be finalized by the end of the year. Aparicio described it as establishing "...what needs to be in place, [and] what makes sense for everyone" to standardize the essentials without overly complicating the processes for employees and merchants. 

We’re excited to announce the hiring of Manny Aparicio as our new IT Manager. Learn more about him & his work here: https://t.co/VQGtB1qHHs pic.twitter.com/XY4GP4WKyG

— Toolots (@ToolotsUS) October 3, 2017

"I want to establish processes, standardization, and foundation throughout all levels of the company to make everyone's job easier and more efficient," Aparicio summarized. He elaborated by stating that the core function of an IT department is to ensure the company has access to the proper tools and resources for daily operation in addition to overseeing the security of data, backup systems, and network. Aparicio concluded that standardizing processes across the board would create simplified, clear cut ways for employees to do their job without creating excess work. 

"My objective is to foster and help growth, whether its creating processes or consolidating servers, I really want to use my experience to help the company grow," Aparicio stated. 

Infact, Aparicio cited the potential for growth and creation as two of the main draws that attracted him to Toolots. He explained the opportunity to build systems and processes from the ground up, in addition to the team oriented environment, was extremely special. Furthermore, with Toolots's international growth, the pending completion of its ERP systems, and the daily onboarding of merchants on the platform, Aparicio stated that he could see the department growing with the company in the future. 

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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Creating processes and an ERP system to sustain efficiency and accuracy

CERRITOS, Calif. - September 19, 2017- Toolots Inc., a southern California based online marketplace and distribution channel for the latest high quality industrial equipment, machinery, and technology has named Rubab Ali as their new Account Manager. In this role, she will oversee all accounting processes, systems, and related matters on behalf of the company. 

Ali has over 10 years of experience in the accounting field working for a variety of companies ranging from large corporations like Red Bullto start ups like Toolots.In her previous role, Ali was the Senior AP Manager for Revolve Clothing, a fashion and designer eCommerce site based in Cerritos, CA where she managed a team of 11 individuals. When detailing her understanding of Toolots, Ali described the company as a new, unique eCommerce platform offering its' vendors and customers vital services, in addition to industrial products,to assist in the daily function of their businesses. 

As the first Accounting Manager for Toolots, Ali's main focus will be the implementation of a new Enterprise Resource Planning(ERP) system. ERP is a database software package that manages a business's processes and operations. The use of this integrated system allows the organization and automation of office functions related to technology, services, and human resources. She will also handle optimizing and maintaining all other aspects of the business that correlate to accounting functions. In addition, Ali will be working in tandem with Toolots' current CTO William Andreozzi, as well as Toolots' contracted Odoo Solutions Architect Adam O'Connor to ensure the system meets  Toolots' exclusive needs. 

"Essentially I get to create an entire Accounting Department. I've created new processes for departments in my previous roles, but this opportunity is unique because I get to start from the ground up," Ali stated. 

We’re excited to welcome our new Accounting Manager Rubab, to our team! Learn more about her & her work here: https://t.co/VxTOAZN4eu pic.twitter.com/KQLGU6HMp7

— Toolots (@ToolotsUS) September 20, 2017

Ali defined Toolots as an "exciting" company due to the value and multitude of benefits gained from the creation of organized systems and processes. Specifically, she mentioned data and transparency as the largest benefits both the company and its vendor partners will acquire from having defined accounting systems in place. Ali stated she aims to "build the best accounting department, that is efficient, accurate, and fun," to help increase efficiency and organization throughout all levels of the company. This in turn will allow Toolots' and its vendors to use the data provided to make well informed executive decisions for their businesses. 

"I've done a little bit of everything in the accounting field really, from clerical level work all the way to senior management," Ali stated when summarizing her background. She continued by recalling her first job as was an entry level position as a bookkeeper while pursuing her accounting degree. After finalizing her degree and years of hard work, Ali's desire to grow and improve eventually allowed her to hold several titles in senior management. 

"I've always been interested in growing my skill set," Ali said. In fact she cited the potential learning opportunities as a major factor in her decision to join Toolots' startup team. "I love to learn new things and expand my knowledge," she stated. 

With the expansion of their Made in the USA vendor category and Global Commerce Services, Toolots has seen a significant increase in vendors since its' establishment May 2016. "We're excited about this period of growth our company is experience right now. Our company will be continuing to hire through the end of the year to keep up with the number of vendors and products onboarding to our platform," Hiring Manager Emilie Sperling stated. 

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 is pleased to announce the addition of a new vendor, Deschner Corporation, to our E-Commerce marketplace and Global Commerce Services initiative! Founded in Los Angeles, California in 1960, Deschner manufactures shock absorbers, speed regulators, and kinecheks under their Corporate Mission of producing, “the highest quality products possible through manufacturing excellence.”

Deschner's Impacta industrial shock absorbers are the value choice to decelerate fast moving equipment without bang or bounce.

Mr. R. E. Deschner was known for his passion for innovation and quality long before Deschner Corporation. Previous industrial shock absorbers leaked and were unable to be adjusted to fit other applications. Similarly speed regulators were leaky, inconsistent, and cumbersome. In order to remove himself with what he felt was a “throw-away society,” Mr. Deschner worked hard to patent a new version of the shock absorbers and speed regulators that were adjustable and leak proof.

Now Deschner is known globally and considered a world leader in quality industrial hydraulic speed controllers. Additionally, millions of their products being used each day from businesses small and large. Each Deschner product is proudly manufactured in the U.S., sold at an economical price, and handled with care until it reaches its final destination.

Toolots is happy to offer our domestic and international customers the highest quality shock absorbers, speed regulators, and kinecheks through the inclusion of Deschner Corporation! For purchasing information, visit Deschner Corporation’s marketplace on Toolots.com.

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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.

CERRITOS, Calif. - May 9, 2017-  Toolots released a sneak peek of its new YuuTool 2.0 smartphone application, to be released in Summer 2017 for free on iOS, Android, and desktop platforms. The latest version of the YuuTool app, like its original iteration, focuses on connecting the manufacturing community through an engaging and convenient, user-friendly platform. However updates within the app will expand user interaction and improve existing functions.

The official YuuTool 2.0 image released by Toolots this Thursday highlighted two major features within the app. The first feature displayed is the new social media integration and sign-in options for Facebook, Twitter, and Google +. This will allow app users to connect with friends from multiple social platforms, and make new connections within the industry to discuss industrial machinery, repairs, troubleshooting and more. The second feature and main component of YuuTool 2.0 is the optimized Finder feature connecting machinery owners and technicians. Updates within the Finder feature will localize maintenance and repair services for machinery owners and create jobs for technicians while increasing industrial repair efficiency and speed, all based on the user’s location using GPS data.

Stay tuned for more information regarding YuuTool 2.0’s development in collaboration with CybEye Inc, and for the official  iOS, Android, and desktop release dates. To stay up to date, follow Toolots on Facebook, Twitter, and LinkedIn or check out our Blog.

For questions regarding YuuTool 2.0, contact info@yuutool.com via email or call (562) 653-4165 by phone.

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 provides comprehensive services for companies around the world who produce industrial machinery and equipment, 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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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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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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T18 Capital, Inc. to invest significant capital following successful fundraising venture

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.

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.

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.