local business

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.

Toolots’ current projection for 2017 includes the addition of 100 new U.S. based companies to their network to sell and export their products to Asia

CERRITOS, Calif. - January 3, 2017 - Toolots, Inc., a California-based provider of factory-direct industrial machinery, equipment, and technology, is starting the new year with plans to induct 100 U.S. based manufacturing companies join their network. Expansion of Toolots’ industrial online marketplace will double their product offerings from four lines to at least eight in the first few months of 2017. Furthermore, Toolots’ industry products within their marketplace will see an expansion in green energy, medical research and equipment, automation, material handling, and food production categories.

Toolots’ announcement comes during a global shift in the political climate within which the U.S. is focused on profitability from exporting goods to countries, like China, who are eager to import quality products. This change allows U.S. companies to expand domestic resources and jobs to match the demand for imported goods in foreign markets.

Jason Fu, Founder and Chief Executive Officer of Toolots Inc., stated Toolots’ aim has always focused on “fostering international trade relations amongst businesses and by adding 100 U.S. based companies to our network we increase domestic opportunity by creating jobs here in the U.S. and by expanding domestic manufacturing resources and profits through product exportation.”

One contributing factor to the success of Toolots’ plan is their upcoming role as the organizers for a June 2017 conference in Ningbo, China. The US-China Medical Device Summit will include two days of panels and networking for major U.S. and Chinese players in the industry, followed by a third day for tours of the manufacturing industrial parks. Fu stated success would be accomplished through the culmination of the company’s “hard work and efforts.”

Toolots’ announcement follows the launch of their companion smartphone app YuuTool in December 2016, the completion of their inaugural Manufacturing Summit hosted locally in Cerritos, CA August 2016, and their expansion to a larger facility this past July 2016.

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.

During keynote speech, Chairman of the House Foreign Affairs Committee and U.S. Congressman Ed Royce addresses international attendees at Toolots’ inaugural event

U.S. Congressman Ed Royce addresses guests at the Toolots Inaugural Manufacturing Exchange Summit Aug. 29, 2016

CERRITOS, Calif. – Aug. 29, 2016 – U.S. Congressman Ed Royce, Chairman of the House Foreign Affairs Committee since 2013, addressed an international audience at the Toolots Manufacturing Summit on Monday. He spoke about the need for international trade agreements that provide mutual benefit for both the United States and China, and advocated increased dialogue and collaboration with global partners.

Royce's speech was one of many given by distinguished guests from the private and public sectors in both countries at the event hosted by Toolots, an E-Commerce business headquartered in Cerritos, Calif. that provides industrial machinery, tools and equipment to worldwide manufacturers.

“One of our goals is to deepen and expand ties between Asia and the United States,” Royce said, speaking to industry, government and thought leaders from the United States and China. “We want everyone in this room to have a level playing field.”

The Congressman, who represents the 39th District of California and also serves on the House Financial Services Committee, said one aspect of the U.S. government’s focus is on cultural exchanges between the two countries – but it’s deeper than that.

“(It’s also) on the issues of how we can address some of the mutual concerns; how we can get a bilateral treaty and an agreement with high standards for mutual benefit,” he added. “We want to open market access for our manufacturers who are trading.”

Recognizing California’s significance to not only the U.S. but world economies, Royce said “trade here is in our DNA” and pointed out the state does approximately $165 billion each year in the import/export industry.

After speaking to the audience about California’s place in the world and ways China and the United States can work together to solve mutual problems, from intellectual property protection concerns to customs and regulatory issues, Royce presented Toolots Chief Executive Officer Jason Fu with an American flag flown over the U.S. Capitol. It was accompanied by a certificate of authenticity provided by the Architect of the Capitol.

Later, Royce expressed appreciation for the opportunity to meet with international leaders at the Summit. He stressed both the value and importance in interacting with world leaders to solve shared problems.

“That strategy of continuing to engage is one I think is very important for the United States and China,” he added.

Summit in Cerritos, California, Aug. 29-31, 2016, will explain how to navigate the complexities of international trade and simplify global commerce

CITY OF INDUSTRY, Calif. – May 18, 2016 – Toolots, Inc., a company that provides a factory-direct e-commerce platform for international manufacturers to easily and affordably purchase and sell industrial tools, machinery and technology, announces its Inaugural Manufacturing Exchange Summit. The event will be held at its headquarters in Cerritos, California, Aug. 29-31, 2016. Designed to promote international trade between the United States and China, the Summit will delve into key topics for navigating the complex logistical and administrative requirements of international commerce.

Jason Fu, founder and CEO, Toolots, said, “U.S. manufacturers that want to sell their equipment overseas are often discouraged by the complexities of international trade. Plus, many do not have the resources to spend on marketing their products overseas or the ability to provide after-sale service to customers. The goal of this Summit is to help these manufacturers better understand how they can effectively sell their equipment to the Chinese manufacturing market.”

At the Manufacturing Exchange Summit, Toolots is gathering the key players necessary to help facilitate international relations among U.S. and Chinese manufacturers. From a Chinese delegation responsible for global commerce to American manufacturers that have achieved success by streamlining distribution channels, discussions will cover a number of international trade topics, including:

Protecting intellectual property Managing import and export logistics Handling currency exchange Navigating customs Marketing products overseas

Attendees will have an opportunity to meet and network with leading experts in international trade, U.S.-based manufacturers and manufacturing association representatives. For more information or to attend, contact Toolots via email at summit@toolots.com or visit www.toolots.com/summit2016.

Media interested in attending the summit should contact Heather Andrews at handrews@dprgroup.com or 240-686-1000.