SalvageSale.com, an independent online marketplace for worldwide claims recovery and commercial salvage, has concluded the beta testing period for its new web site, thus completing its transition from a bricks and mortar salvage company to an online salvage exchange.
During the testing period, the company conducted a number of transactions with Fortune 500 clients, with an average transaction value of greater than $50,000, closing transactions with a product value in excess of $1.7 million. The company will officially launch the site at the end of May.
The $50 billion salvage market consists of damaged, heavily discounted, distressed or sub-specification raw materials or finished sold in commercial quantities. Salvage.Sale.com’s predecessor was SeaRail International, a 10-year-old broker/dealer for salvage goods.
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