MERCATOR GROUP ADVISES EQUIPNET, INC. IN PURCHASE OF
ADVANCED ASSET SERVICES, INC.

Boston, MA - November 1, 2007 - Mercator Group LLC is pleased to announce that EquipNet, Inc. has completed its acquisition of Advanced Asset Services, Inc.  Mercator Group initiated the transaction and acted as the exclusive advisor to EquipNet.   Terms of the transaction were not disclosed.

EquipNet, Inc.  (www.equipnet.com), based in Canton, MA,  is a leading provider of proactive asset management solutions and services to leading corporations such as Colgate-Palmolive, Eastman Chemical, GlaxoSmithKline, Iron Mountain, and Blue Cross Blue Shield of Massachusetts. Its vision is to revolutionize the way companies manage their surplus assets. EquipNet has earned a reputation for helping clients with software, professional services, appraisals and marketing programs that maximize their financial return, avoid the risks associated with health, safety and environmental hazards, and theft, and to be in compliance with Sarbanes-Oxley.
 
Advanced Asset Services (http://www.advancedlink.com), a leader in laboratory asset disposition, offers a variety of asset recovery solutions including on-location auctions, webcast and online auctions, sealed bid and other assets sales, with a focus on Biotech and Laboratory equipment.  Over the last 10 years, Advanced Asset Services has successfully managed more than 1 billion dollars in pre-owned equipment sales for global organizations such as Bayer, BASF, Raytheon, Lam Research, and Quest Diagnostics.
 
Roger Gallo, Chairman and CEO of EquipNet said, "Advanced Asset Services brings us the skills and talents of two professional auctioneers, a trained support staff and one of the leading Biotech equipment exchanges in the United States.  Mercator identified this opportunity and worked tirelessly to close this transaction."

The Mercator Group is a merger and acquisition advisory firm focused on the middle market.  Mercator has worked with private equity groups as well as publicly and privately held companies worldwide on both buy-side and sell-side assignments. For more information about the Mercator Group, please visit www.mgboston.com.

For general inquiries, please contact David Wolf at dwolf@mgboston.com or 508.652.9150.

###