Canvas Systems Offers Asset Recovery Services for Information Technology Equipment

Norcross, GA – Wednesday, 12 January 2005 – Canvas Systems, a leading global provider of pre-owned Information Technology (IT) equipment and systems, announces new asset recovery services that maximize the liquidation value of obsolete or non-production IT equipment. The EPA has strict disposal laws for computers, printers and parts due to the toxic chemicals that can leach into the ground without proper handling. Canvas' new asset recovery and disposal services eliminate the hassle of discarding unwanted equipment, allowing businesses to focus on more important revenue-generating functions.

”The prices of PCs have dropped to the point where a typical system has little or no residual value after a few years," said James Davie, vice president and co-founder of Canvas Systems. "When it comes time to remove equipment from service, few companies have budgeted for proper disposal, so they are just storing their obsolete and unused equipment.“

Many states ban the disposal of IT equipment to landfills as monitors, keyboards, printers and other parts contain toxic metals. Canvas' Asset Recovery and Disposal services give companies a simplified approach and an environmentally safe process for removal of IT equipment. Canvas' asset recovery solutions include equipment buyback, recycling services and removal of proprietary data from servers and storage. These solutions eliminate the high cost and space requirements of storing old equipment while still complying with EPA guidelines.

"Canvas properly disposes of the equipment, recycles parts or donates it to charity," adds James Davie. "Most recently, we donated several PCs to the Atlanta Community Ministries (ACM), a charity which will use the computers to teach English as a second language and computer skills."

"Without the generous donation of IT equipment from companies like Canvas Systems, Atlanta Community Ministries would not be able to serve the local Atlanta community nearly so effectively," said Dan Hayes, Executive Director, Atlanta Community Ministries. "Businesses should take advantage of Canvas' Asset Recovery and Disposal services because it not only helps the environment and reduces inventory, but donations like this help our community."

About Canvas Systems

Canvas Systems is a leading, global supplier of pre-owned Information Technology (IT) equipment and systems with emphasis on enterprise-class computing and networking hardware from the most respected manufacturers. Canvas has an inventory of more than $20 million worth of IBM (iSeries, pSeries, xSeries), HP9000, Sun Microsystems, Cisco, Networking, Compaq, and Storage equipment, which can be shipped worldwide overnight to more than sixty countries to serve immediate customer needs. The firm is dedicated to addressing the unique needs of the used or refurbished computer equipment market. Canvas Systems is the best reseller from which to buy, sell, rent, lease or trade your pre-owned IT equipment worldwide. Canvas offers customers comprehensive financial options for acquiring and managing the life cycle of computer technology, such as leasing, installment payment and rental. A distinguishing factor for Canvas Systems is their flexible rental program, which provides customers with needed equipment for a variety of special projects--such as software testing, data center moves or seasonal requirements--and can conform to meet any budget. Canvas is part of the $153M OHC, LLC. For additional information, contact www.canvassystems.com.

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