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.
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- Investors discuss the launch of YuuTool during the Investor Conference held at Toolots' Cerritos, CA headquarters.
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- Toolots CFO Jason Fu leads a warehouse tour.
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- Toolots and Investors pose for a photo following the conference
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.
