JACKSON, Miss.--(BUSINESS WIRE)--Nov. 15, 2006--Intechra Holding Corporation today announced the acquisition of Gold Circuit, an Arizona-based information technology asset disposition (ITAD) company with approximately $14 million in revenues. The acquisition brings Intechra's annualized revenues to $55 million. The terms of the transaction were not disclosed.

"Gold Circuit has built a strong client base and will accelerate our ability to capture more of the recycling market, which we believe is increasingly important to our clients and prospects," said Chip Slack, Intechra chief executive officer. "With the strength Intechra already has in processing electronic assets for remanufacturing or remarketing, the additional recycling capability gives us a clear competitive edge."

Intechra, which currently operates facilities in Columbus, Ohio; Dallas and Phoenix, has the capacity to recycle about one million pounds of electronic assets monthly at its Dallas location. Gold Circuit's facility in Casa Grande, Ariz., adds another five million pounds per month of capacity, bringing Intechra's new capacity to six million pounds monthly. Intechra has the capacity to process up to 250,000 assets each month, including computer monitors, laptops, servers, routers, printers, etc.

Gold Circuit, founded in 1991 by its president, Jim Greenberg, has many large national organizations with multiple locations as clients.
The company has 81 employees in two processing facilities in Arizona.

"Becoming part of the fastest growing ITAD company in North America makes a lot of sense for Gold Circuit," Greenberg said. "The ITAD industry is consolidating rapidly, and Intechra is driving that consolidation. Having seen them successfully integrate an even larger company this past year, I am also very confident of their ability to successfully bring the two companies together."

Intechra merged with RetroBox in January 2006, creating the largest vertically integrated ITAD company in the U.S.

With more than half of Gold Circuit's assets originating east of the Mississippi River, Greenberg said his company's clients will benefit from Intechra's wider geographic distribution. Intechra is the only fully integrated ITAD provider with a national footprint in the Eastern, Central and Western sections of the United States. This distribution results in a cost savings for Intechra clients on shipping and speed to market for remarketed assets.

Intechra plans to merge the Gold Circuit facility in Chandler, Ariz., into the near-by Intechra processing facility in Phoenix. Gold Circuit's facility in Casa Grande, Ariz., will remain open to handle shredding and e-waste processing for end-of-life materials.

By 2009, consumers are expected to replace more than 800 million PCs and dispose of or "retire" more than 512 million. Large national and multinational companies are paying more attention to IT asset disposition because of federal privacy laws, such as Healthcare Insurance Portability and Accountability Act (HIPAA) and the Gramm-Leach-Bliley Act, as well as environmental legislation in 40 states addressing e-waste.

Slack said Intechra adheres to the strictest of standards in mitigating data security and environmental risks for clients. "Having significant in-house recycling capabilities reduces our reliance on downstream partners and will further enhance our ability to ensure environmental compliance," he said.

Intechra will also put processes in place at the Casa Grande facility to achieve ISO quality certification over time. Intechra's existing three facilities are ISO certified.

Intechra provides its clients liability indemnification, guaranteed security and auditable disposition reporting for all IT assets. The company offers all aspects of IT asset disposition,
including:

-- Data destruction, which indemnifies owners by overwriting and erasing data on hard drives using Department of Defense standards.

-- Remarketing, which generates revenue for clients from retired assets that can be resold.

-- Environmental recycling, which eliminates a client's environmental risks by extracting all recyclable materials from end-of-life assets and keeping toxic materials found in IT assets out of landfills.

The company's significant investors are Chrysalis Ventures in Louisville, Ky.; Clayton Associates in Nashville, Tenn.; Votum Capital in Jackson, Miss.; WestWind Partners LLC in Quad Cities area of Illinois; and Richland Partners in Nashville, Tenn. No investor owns a majority of the company.

INTECHRA - GOLD CIRCUIT
COMBINED COMPANY FACT SHEET
November 15, 2006

-- $55 million in revenue

-- Largest IT asset disposition company in the U.S.

-- Only fully integrated company with processing facilities in the Eastern, Central, and Western United States

-- 10 sales offices nationwide

Employees (as of Oct. 31, 2006)

-- 184 - Intechra

-- 81 - Gold Circuit

IT Asset Disposition Services

-- Data destruction

-- Remarketing

-- Environmental recycling

Client Base

-- Global 2000

-- Small and medium-sized businesses

-- Municipalities providing electronics recycling for environmental purposes

-- Electronics manufacturers

Corporate Website

-- Intechra - www.intechra.com

-- Gold Circuit - www.goldcircuit.com

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Copyright Business Wire 2006

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