Cummins, Inc. Selects ZoneTrader as Its Surplus Asset Management and Disposition Provider; Cummins to Develop a Strategic Surplus Asset Management Program

    MINNEAPOLIS--Sept. 5, 2001--ZoneTrader, Inc., a leading full-service asset management and disposition provider specializing in surplus asset management, announced today that Cummins, Inc. has awarded ZoneTrader a three-year agreement that will include ZoneTrader's Surplus Asset Management (SAM) program, a customized version of ZoneTrader's web-enabled redeployment tool AssetZone(TM), and complete disposition services. Cummins, a leading provider of products and services for customers in markets worldwide for engines, power generation, and filtration, will use ZoneTrader's SAM Program to help meet corporate objectives of monetizing surplus assets and developing a strategic program that will continue to produce value year after year.
    "We are dedicated to further driving out costs while maintaining the quality and reliability our customers demand and have come to expect from Cummins," said Steve Miller, Director of Indirect Purchasing MRO and Capital Procurement for Cummins. "To help achieve this goal, we will focus on the efficient management and sale of non-strategic assets and underutilized properties. ZoneTrader's extensive experience in investment recovery combined with their audit and field team experts will be invaluable to Cummins in this initiative."
    ZoneTrader is the first company to apply the fundamental principles and discipline of supply chain management to asset chain management - helping companies visualize their surplus assets and achieve higher levels of efficiency. ZoneTrader's Surplus Asset Management Program helps companies strategically identify, redeploy and dispose of surplus assets by way of its investment recovery experts, a customized and secure web-enabled utility called AssetZone(TM), plus a host of proven disposal channels.
    "ZoneTrader is pleased to be working with Cummins, supporting them in their strive towards higher efficiencies and generating optimal value from their surplus and idle assets," said David Gigerich, CEO and Chairman of ZoneTrader. "We believe through the development, implementation and management of a strategic surplus asset management program, Cummins will see immediate and long-term benefits enterprise-wide."

    About Cummins, Inc.

    Cummins, headquartered in Columbus, Ind., is the world's largest producer of commercial diesel engines above 50 horsepower. The company provides products and services for customers in markets worldwide for engines, power generation, and filtration. Cummins home page on the Internet can be found at www.cummins.com.

    About ZoneTrader

    ZoneTrader, recently named one of Forbes Magazine "Best of the Web" for excess inventory, is a leading full-service surplus asset management and disposition provider. ZoneTrader helps make surplus and idle assets visible within our client's entire enterprise. Once surplus assets are identified a company can redeploy or dispose of them to an external market, optimizing their capital asset utilization. ZoneTrader specializes in working with companies in the automotive, technology, food processing and petrochemical industries. Customers include Ford Motor Company, The Dow Chemical Company, Sprint, Riverstone Networks, BP Amoco and other Global 1000 companies. For more information, visit ZoneTrader's web site at http:/www.zonetrader.com, call 763-543-5288 or send your request by email to info@zonetrader.com.