Toolots Company News

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.

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 has announced the addition of a new vendor to its online marketplace, Cyclone Manufacturing. Based in Southwest Michigan, Cyclone Manufacturing proudly engineer and manufacture their equipment in-house to “provide the best in sandblasting equipment and supplies” including floor standing blasters, sand blasting abrasives, pressure blasters, and sand blast guns, parts, and accessories (Cyclone Manufacturing). Cyclone Manufacturing’s products will be available on Toolots.com early January 2017 for sale to customers located domestically in the U.S. and internationally in China, as part of the Toolots Global Commerce Services initiative.

All Cyclone Manufacturing products are American engineered and manufactured products assembled by local members of the community (Cyclone Manufacturing). Cyclone Manufacturing takes great pride in their products and services as their 40 years of experience in the sandblasting industry give them the necessary expertise and experience to achieve continual success.

Toolots is pleased to offer our domestic and international customers superior sandblast equipment, supplies, and accessories through the inclusion of Cyclone Manufacturing. For purchasing information, visit Cyclone Manufacturing’s 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.                                                                                                                ###

Toolots has announced the addition of a new vendor, Phoenix Phase Converter, to our E-Commerce marketplace and Global Commerce Services initiative. Based out of Phoenix, Arizona, Phoenix Phase Converter is “the one-stop shop for your phase converter needs,” and they manufacture electric motors and custom accessories for a wide range of projects (Phoenix Phase Converter). Phoenix Phase Converter’s products will be available on Toolots.com and Toolots marketplaces early January 2017 for sale to customers located domestically in the U.S. and internationally in China.

All Phoenix Phase Converter products are designed, developed, and manufactured in-house at their Arizona facility, where fulfillment and delivery also takes place (Phoenix Phase Converter). Phoenix Phase Converter manufactures phase converters, electric motors, and accessories for common projects, but the Made in USA company possesses the capability to create customized items for individual projects and needs. Toolots is pleased to offer our domestic and international customers high quality phase equipment, electric motors, and accessories through the inclusion of Phoenix Phase Converter! For purchasing information, visit Phoenix Phase Converter’s marketplace on Toolots.com.

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 is pleased to announce the addition of a new vendor, Spray Tech/Junair, to our E-Commerce marketplace and Global Commerce Services initiative. Based in Rialto, California, Spray Tech/Junair “designs and manufactures the "highest quality spray booths, bake ovens, prep stations, paint mixing rooms, and powder coating equipment in the industry.” Spray Tech/Junair’s products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.

All Spray Tech/Junair products are made in the United States at their Rialto headquarters, and as a whole the company aims to be “the premiere designer and manufacturer of precision, quality constructed spray booths and essential peripheral equipment to allow our customers to safely paint and refinish their products” (Spray Tech/Junair). With the purchase of each Spray Tech/Junair product, the Made in USA company provides maintenance, replacement parts, upgrades, and emergency repair that adheres to current EPA, OSHA, and other statutory obligations.

Toolots is pleased to offer our domestic and international customers high performance paint booths and equipment through the inclusion of Spray Tech/Junair. For purchasing information, visit Spray Tech/Junair’s marketplace on Toolots.com.

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.

YuuTool, released this December on Apple and Android marketplaces, connects owners and users of industrial machinery with technicians for repairs, maintenance, and more.

December 16, 2016 Update: YuuTool has officially launched. To learn how to register, watch the video (below) or visit the YuuTool website.

A screenshot of the easy, user-to-user interface

CERRITOS, Calif. - December 12, 2016 - A smartphone application developed by Toolots Inc., a California-based provider of factory-direct industrial machinery, equipment and technology, will soon connect customers around the world in need of repairs and maintenance on their equipment with qualified technicians based on the customer’s location. The application and online user-to-user resource network released by Toolots this month, called YuuTool, makes it easy to find a qualified service technician in your vicinity, no matter where you are. Yuutool’s unique design also allows qualified and vetted technicians to find local repair jobs. YuuTool is free to download on both the Apple and Android marketplaces.

Developed to help manufacturers minimize operational downtime and avoid costly replacement machinery, YuuTool allows customers to focus on daily business operation tasks while mechanics come directly to you - from anywhere in the world. The application is easy to use, and contains a variety of helpful features such as text and picture messaging allowing customers and vendors to efficiently and effectively communicate. Take additional comfort in knowing that each partnering service provider has been vetted by Toolots, and the work performed satisfies any existing Toolots warranty.

Through our proprietary smartphone application for both Apple and Android devices, YuuTool draws up a network of qualified mechanics near you, allowing you to choose and connect to the right professional for your specific equipment. The process is simple; open the app, click on a qualified mechanic at your preferred location, and call or email them directly through the application. It’s just as easy for vendors, who are only listed on YuuTool after thorough review of qualifications and vetting, to connect with customers and respond to their questions.

YuuTool also includes an online forum and classified marketplace, allowing the machine tooling and manufacturing community a platform to interact and connect, solve mechanical problems or machine-related issues, and/or sell industrial equipment, tools, and components. The application provides user-to-user resources, empowering the industrial machinery sector to work together at the local level to find solutions.

“YuuTool will change the way our customers, existing and future, think about repairs and maintenance on their industrial machinery. Mechanics come directly to you under our model,” said Toolots Chief Operating Officer Raymond Cheng. “Our mission is to increase access to services, help customer equipment stay in order longer and under warranty to prevent production disruptions and to ensure our customers are satisfied.”

For more information about how YuuTool can help keep your essential machinery in working order, visit our website at YuuTool.com. The application is now available for free download on the Apple and Android online marketplaces.

Features include:

-Vetted network: YuuTool helps connect you with an international network of qualified service technicians who are ready to repair and service your industrial machinery, helping you keep up with demand and production.

-Proprietary smartphone app: YuuTool’s application finds the technicians near you, pulling from a network of trained mechanics to minimize your operation downtime. Developed specifically for use by our customers, this application is user-friendly.

-Quality repairs: Maintenance and repair services are performed by a network of skilled, experienced technicians and backed by the YuuTool warranty. No longer will customers have to single handedly track down a provider to maintain their warrantied equipment or devices.

-Administrative support: Take comfort knowing that we at YuuTool have the administrative support to walk you through the process from start to finish, ensuring the job is done right. Our customer service team will guide you through the simple sign up procedure and proactively answer any questions you may have.

For more information about YuuTool or Toolots, please contact Samantha Hyatt, Director of Public Affairs, at shyatt@toolots.com.

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.