Equity Electrical Associates, a nationwide group of independent electrical distributors, in a joint venture with EDN, the nationwide marketing group of 1,150 independent electrical wholesale distributors, has announced the launch of SurplusMarket.net, an online clearinghouse for the purchase and sale of surplus materials and equipment.

SurplusMarket.net offers a model for business-to-business surplus transactions where users can negotiate the best price for items they wish to buy or sell. The site is free to Equity and EDN members; there is no cost to browse through network listings or to post items. To participate in SurplusMarket.net, users register online at www.SurplusMarket.net. Buyers enter key words and/or the item name and part number, and sellers have the option of posting pictures of their products, in addition to including the product description and reserve price.

Special features include 'auto-negotiate,' which automatically generates counter offers to buyers based on their selling parameters; 'auto-match,' which matches sellers with buyers via member profiles; and for buyers in a hurry, there is the 'spot market' section that allows them to locate, negotiate and purchase items by completing a 'Wanted Item' form online.