Finishes Beta Testing Period

May 22, 2000, 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.’s predecessor was SeaRail International, a 10-year-old broker/dealer for salvage goods.

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