SOLON, Ohio (November 23, 2004) – Stopol Inc., a leader in arranging the acquisition and sale of production equipment and machinery, businesses, divisions, product lines, and manufacturing licenses in the plastics industry, has launched www.stopolauctions.com, an interactive, online marketplace that allows registered members to buy or sell used plastics equipment and other assets.
The only auction Web site dedicated exclusively to the plastics industry, www.stopolauctions.com offers industry executives and plant managers the opportunity to experience the competitive atmosphere and dynamics of an auction without leaving their office.
“www.stopolauctions.com makes buying and selling new and used plastics equipment simple and secure. If you can’t attend one of our auctions, this Web site will bring the auction to you,” according to Neil Kruschke Jr. Stopol CEO.
Registration to the site is free, and nominal fees are charged only for equipment that is bought or sold on the site. However, as a special kick-off incentive, for any items listed within the first 90 days of the site’s launch, Stopol will waive all sellers’ commission/transaction fees.
“Auctions have been around awhile, but auctions specifically targeting the plastics industry that are accessible 24 hours a day, 365 days a year from a PC? That is a new concept,” Kruschke said. “I am confident that www.stopolauctions.com will trigger a change in the way the plastics industry conducts business. This site is going to force many companies to reassess the way they manage their assets.”
www.stopolauctions.com’s impact will be hard to deny because of the innumerable benefits it provides to both buyers and sellers:
Flexibility: For buyers, www.stopolauctions.com delivers a variety of options in what equipment they can acquire, and when and how they acquire it. Sellers now have a new sales channel – one that enables them to divest just one machine or an entire plant.
Ease of use: Buyers and sellers both will find that learning to use the site is easy and quick.
Efficiency: Buyers can find exactly what they are looking for in a fraction of the time they normally would spend. Plus, the equipment needed to add another production line, bolster capacity or fill a special order is now literally just a mouse click away. Meanwhile, sellers can place surplus machinery for sale in a manner of minutes without worrying about marketing their equipment to prospective buyers or having to answer the same questions from 50 different dealers.
Global reach: Buyers benefit from global search capabilities, while sellers benefit from the worldwide audience of qualified buyers the site will bring.
Accelerated sales process: Buyers don’t have to wait for equipment to become available, while sellers are able to divest equipment in a much shorter timeframe.
Cost effectiveness: In addition to the bargains and value gained through auction purchases, buyers also will greatly reduce their travel expenses. Meanwhile, OEMs looking to purge their books of surplus equipment will generate additional revenues for their company without incurring additional marketing or sales support costs.
Widely recognized as an industry leader and innovator, Solon, Ohio-based Stopol is looking to capitalize on its image as strong, stable and trusted industry resource to launch www.stopolauctions.com to a receptive and eager audience.
“This really is only the beginning of this site’s potential,” he added. “With our progressive approach to leveraging technology to our clients’ benefit, we see www.stopolauctions.com continually evolving and growing with the industry. Think about this: the site is still in its infancy and already we have several additions and enhancements in the works.”
One such innovation includes several special auction events created and managed by Stopol -- the first of which will be held in December and in conjunction with the site’s debut. On December 8, Stopol will host its First Annual Year-End Clearance Auction. Beginning at 5 a.m. that day, registered members of www.stopolauctions.com will be able to log on to the site and immediately begin bidding on some of the most attractive pieces of used plastics machinery on the market. Prospective buyers and sellers are encouraged to visit www.stopolauctions.com to learn more about how to participate in this special event.
www.stopolauctions.com, which allows you to search Stopol’s inventory by equipment type or brand, features three distinct auction options for its members:
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On-site Live Auctions allow members to pursue the latest in processing machinery at cost-effective prices in an exciting and engaging environment.
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Webcast Auctions permit members to view and participate in an On-site Live Auction in real-time from the ease and comfort of a PC.
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24/7 Reserve Auctions allow members to issue bids online 24/7 for equipment in an easy-to-learn and -use format.
When participating in Webcast or 24/7 Reserve auctions, bidders compete online by issuing proxy bids. Registered members submit a maximum proxy bid amount for a particular auction item and our auction system bids on their behalf, starting with the smallest amount required to take the lead. The system continues bidding until all bids are exhausted and a winner surfaces or the top maximum bid amount is reached. In situations in which two maximum bids are equal, the bid submitted first wins.
www.stopolauctions.com uses only the most sound and proven technologies and techniques to ensure the safety, security and confidentiality of its registered members. The site’s internal controls provide additional security. All maximum bid amounts are encrypted, preventing other site users and even Stopol’s own administrators from gaining access to them.
Buyers may pay for their purchases through a company check, money order, certified check, wire transfer or credit card.
About Stopol, Inc.
Headquartered in Solon, Ohio, Stopol is a privately held corporation specializing in arranging the acquisition and sale of production equipment and machinery, businesses, divisions, product lines, and manufacturing licenses in the plastics industry. With unparalleled insight into the business market and the value of potential acquisitions, Stopol takes efficient, tactical approaches to connecting buyers and sellers in the plastics industry. In direct contact with more than 27,000 manufacturers, Stopol serves as a strategic partner for merger and acquisition opportunities, helping companies find cost-effective solutions while maximizing their resources.
Contact: Neil Kruschke Jr.
Stopol CEO
Phone: 440.498.4000
Fax: 440.498.4001
www.stopol.com
E-mail: neilk@stopol.com
Contact: Bryan Kokish
Marketing Director, Stopol Inc.
Phone: 440.498.4000
Fax: 440.498.4001
www.stopol.com
E-mail: bryank@stopol.com