Press Releases

  • Toolots Launches E-Commerce Marketplace

    Toolots Launches E-Commerce Website for Factory-Direct Industrial Tools, Machinery and Technology

    Online marketplace and distribution channel simplifies global commerce for manufacturers in the United States and Asia

    CITY OF INDUSTRY, Calif. – May 5, 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 the launch of Toolots.com. The online marketplace and distribution channel creates fast, easy access to high-quality, affordable industrial equipment for manufacturers around the world, while streamlining the purchase, delivery, installation and warranty of these products.

    Jason Fu, Toolots Founder and Chief Executive Officer, said, “We are passionate about enabling and fostering international trade relations, specifically between the United States and China. Global manufacturers can realize significant benefits from working together, but complexities within the supply chain often prohibit them from forming partnerships. Through Toolots.com, we provide a vessel to simplify global commerce and promote localized economic growth.”

    Toolots.com is an easy-to-use online platform for manufacturers to purchase and sell industrial tools, machinery and technology. The company provides a comprehensive distribution solution that centralizes and streamlines the marketing, sale, delivery, installation and warranty of high-quality, affordable industrial tools and machinery. Through its thoroughly vetted network of vendors and service technicians, Toolots upholds the quality of imported goods and a high standard of customer service.

    Raymond Cheng, Toolots Chief Operating Officer, said, “Toolots’ mission to streamline industrial commerce worldwide is centered on an innovative, localized approach to distribution. Similar to well-known consumer e-commerce sites, Toolots has strategically located warehouses throughout the U.S. and China to speed up the fulfillment process. A shorter shipping timeline will reduce downtime and improve productivity for manufacturers.”

    Toolots partners with vendors that have a history of producing high-quality products. To provide a comprehensive range of high-quality equipment, Toolots looks for vendors that have a full line of products and manufacture most, if not all, the parts of the equipment in their own factories. Toolots is looking to add U.S. Manufacturers to its preferred vendor program and asks companies interested in extending their distribution channels to read more about selling with Toolots.

    About Toolots.com

    Toolots.com is an online marketplace and international distribution channel for factory-direct industrial tools, machines and technology. The easy-to-use platform creates fast, easy access to high-quality, affordable equipment for manufacturers around the world. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial tools, machinery and technology, and uphold the quality of imported goods through a thoroughly vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes cost savings on to the consumer, resulting in reduced downtime, improved productivity and an expanded workforce. Toolots is headquartered in California, and owns warehouses and showrooms across the United States and China. For more information, visit www.toolots.com.

  • Toolots Announces Inaugural Manufacturing Exchange Summit to Promote Trade Between the United States and China

    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.

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