Services address financial reporting, regulatory compliance.
Press Release Summary:
Valuation and Consulting Services provide global manufacturers with asset appraisals performed by accredited professionals that stand up to litigation and audits. Designed for those in pharmaceutical, chemical, and packaged goods industries, services address initiatives applicable to financial reporting, asset register reconciliation, pre-acquisition consulting, collateral financing, insurance assessment, and property tax analysis.
Original Press Release:
EquipNet Launches Valuation and Consulting Services
EquipNet Addresses Asset Reconciliation, Financial Reporting and Sarbanes-Oxley Compliance Needs
Canton, MA - March 12, 2007 - EquipNet, Inc. (http://www.equipnet.com), the leading provider of proactive asset management solutions, today announced the launch of their Valuation and Consulting Services. Among other things, these services provide global manufacturers with comprehensive asset appraisals performed by accredited professionals that stand up to the rigor of litigation or various types of audits.
The new offering rounds out EquipNet's proactive approach to asset management - helping leaders in the pharmaceutical, chemical, and packaged goods industries to identify, appraise, manage, sell, and purchase surplus manufacturing, lab, and IT assets.
EquipNet's Valuation and Consulting Services address manufacturers' corporate-wide initiatives such as:
o Financial Reporting
o Asset Register Reconciliation
o Pre-Acquisition Consulting
o Collateral Financing
o Insurance Assessments
o Property Tax Analysis
Two of the leaders on the Valuation team include: Douglas Krieser, ASA MRICS and Jack Beckwith, ASA. Both are Accredited Senior Appraisers and members of the American Society of Appraisers ("ASA"). In addition, Douglas is a member of the Royal Institution of Chartered Surveyors. As a result of these accreditations, all projects are performed in a supportable and well-documented manner that will pass the highest scrutiny, whether from a financial institution, government entity, or other organization.
"The detailed solutions that comprise EquipNet's Valuation and Consulting Services are the foundation of a proactive asset management program," said Douglas Krieser, Accredited Senior Appraiser, EquipNet. "Intelligent companies are now making proactive business decisions about asset management," added Roger Gallo, president & CEO of EquipNet. "It's no longer just about fast liquidations; it's about maximizing returns and minimizing risk."
The Benefits of Valuation Services from EquipNet are unmatched:
o Credibility & Reliability - The Valuation professionals at EquipNet are held to the highest professional and ethical standards due to their memberships in various professional associations such as the American Society of Appraisers and the Royal Institution of Chartered Surveyors. All projects are completed in conformance with the Uniform Standards of Professional Appraisal Practice ("USPAP").
o Expertise - The Valuation professionals at EquipNet have experience with major accounting firms and other consulting organizations. They understand how their value conclusion impacts the bottom line and can effectively communicate the results of the valuation to various end-users.
o Time Management - Time spent inventorying assets, reconciling asset registers, setting up asset tracking systems, and analyzing data for tax appeals or insurance reporting is valuable time and money lost from the bottom line. EquipNet's Valuation professionals are dedicated to a project, ensuring that they will meet the customer's time demands.
o Unbiased Opinion - The Valuation professionals at EquipNet bring a fresh eye to projects and can provide non-partisan analysis and solutions to a problem.
About EquipNet, Inc:
EquipNet provides proactive asset management solutions and services for global manufacturers in the pharmaceutical, chemical and packaged goods industries. Its vision is to revolutionize the way companies manage their surplus assets. EquipNet has earned a reputation for helping leading corporations such as GlaxoSmithKline, Eastman Chemical, and Colgate-Palmolive maximize their financial return, avoid the risks associated with health, safety and environmental hazards, and theft, and to be in compliance with Sarbanes-Oxley.
For more information, please visit www.EquipNet.com.
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