Amazon.com and TechSmart Team Up to Sell Used Computers Online.Business Editors/High Tech Writers EDGEWOOD, N.Y.--(BUSINESS WIRE)--Sept. 17, 2001 TechSmart, a market leader in asset-recovery solutions for office-technology equipment, announced today a strategic business venture with Amazon.com, the largest Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the retailer, to sell reconditioned re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. and surplus computers on Amazon.com's web site. The equipment will be sold on Amazon's new Computer Store, which was launched recently (August 29) and will market both new and used computers and peripherals. The product offerings encompass the broad spectrum of leading name-brand manufacturers, including Compaq Computer, Dell, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Apple, Hewlett-Packard and many others. "This venture complements our merchandise line-up extremely well, as a rapidly-growing number of consumers are purchasing PCs online. The online share of total consumer PC sales is projected to roughly triple within the next three-to-five years, rising from about 10%-15% this year to 30%-40%," said Richard Chin, General Manager of the Amazon.com Computer Store. "Our relationship with TechSmart allows us to give our customers access to some truly outstanding computer deals. The high quality reconditioned desktops and laptops that TechSmart sells on our web site cost shoppers hundreds of dollars less than what they'd pay for a new computer. Someday some·day adv. At an indefinite time in the future. Usage Note: The adverbs someday and sometime express future time indefinitely: We'll succeed someday. Come sometime. all computer stores will carry refurbished computer deals like these; we're proud to be among the first," he added. TechSmart provides a single-source, complete asset recovery solution for used and surplus computers from leasing companies, corporations, retailers/e-tailers and OEMs, including desktop and laptop computers A portable computer that has a flat LCD screen and usually weighs less than eight pounds. Often called just a "laptop," it uses batteries for mobile use and AC power for charging the batteries and desktop use. Today's high-end laptops provide all the capabilities of most desktop computers. , servers, printers, copiers, datacomm and networking products. TechSmart audits, tests, cleans, reconditions and repackages the equipment, which it then remarkets to businesses, consumers, schools and other buyers for use in offices, homes, classrooms and other settings. "Our relationship with Amazon provides an excellent avenue for buyer customers to get great reconditioned computers at exceptional values," said Mike Archambault, TechSmart's President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , the broad marketplace reception to used computers on the new Computer Store has already been extremely favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. , and, given Amazon's imminent and extensive marketing initiatives, we fully expect a significant ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale of monthly sales volumes in the near future," he added. TechSmart markets its products and services through a comprehensive network of distribution channels, including a national direct sales force and a state-of-the-art proprietary web site (SmartMart), as well as partnerships with leading Internet marketers such as uBid, eBay and now Amazon. "TechSmart continues to expand and enhance its product offerings, services, and online sales channels to provide buyers with ever-greater choices on the make and model of computer equipment they want, the prices they pay, the customer support they need, and the sites where they buy," noted Mr. Archambault. "Both the performance and pricing of reconditioned and surplus computers have become extremely attractive, making it paramount to spotlight the truly compelling economic benefits to as many as possible of the mushrooming number of customers and prospects." About TechSmart TechSmart is the leader in asset-recovery solutions for the office-technology marketplace, and a leading provider of customized IT and related services, encompassing the full range of "click-and-brick" services. TechSmart is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , with four state-of-the-art warehouse/processing facilities (New York, Chicago, New Jersey, Florida) and 8 sales offices across the U.S. For more information visit www.techsmart.com. |
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