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7/31/2007
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Redemtech Acquires PC Asset Recovery

Redemtech announced the acquisition of PC Asset Recovery

COLUMBUS, Ohio -- Redemtech (www.redemtech.com), a leading provider of Technology Change Management (TCM) services, today announced the acquisition of PC Asset Recovery, Inc., an IT asset recovery and computer recycling company targeting the mid-market. The acquisition provides Redemtech with a solution tailored to small- to mid-sized businesses, a strategic area of growth for Redemtech.

“As the number of computers used by businesses continues to grow, organizations of all sizes face technology management issues that once only large enterprises had to address,” said Bob Houghton, president of Redemtech. “PC Asset Recovery has established a niche in the small- and mid-sized markets, and complements Redemtech’s strengths in serving the asset recovery and computer recycling needs of large businesses.”

PC Asset Recovery will transition to operating under the Redemtech brand, continuing to help its clients remove surplus technology, remarket salable IT assets, and recycle obsolete electronic equipment within U.S. Environmental Protection Agency (EPA) guidelines. The company will now provide its customers with Redemtech’s warranted Datasure Erase-IT™ service for U.S. Department of Defense-compliant data erasure. Online asset recovery and logistics, lease return management and reporting services also will be expanded, utilizing Redemtech capabilities.

PC Asset Recovery has built a reputation for giving its clients greater budgeting control and return on investment. The company does not charge recycling or project management fees on technology assets recovered and provides its clients a buyback or revenue share option for the resale of used equipment that has value on the secondary market.

“While we have built a successful business model during the past three years, this acquisition ensures that we have the resources and technology to continue to grow and efficiently serve our customers,” said Butch Watson, founder of PC Asset Recovery. “Redemtech has consistently established best practices, particularly for e-waste management, and we are excited to be part of that effort and this great organization.”

Redemtech Inc.

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