Canvas Systems Debuts at #87 on CRN Magazine's Fast Growth 100 List; Prestigious List Recognizes Technology Companies Driving Growth.

NORCROSS, Ga. -- Canvas Systems, a leading global provider of pre-owned Information Technology (IT) equipment and systems, announces ranking 87th on Computer Reseller News' (CRN's) list of "Fast Growth 100 Solutions Providers." CRN's Fast Growth 100 list recognizes the top 100 solution providers that are driving growth and revenues in technology service areas. Canvas Systems had revenues of $120M in 2004, up 19% over 2003 revenues.

"Canvas Systems is pleased to be recognized on this prestigious list of fast growth companies," said Sean Murphy, co-founder of Canvas Systems. "Our employees work hard to deliver solutions that lower IT budgets and provide our clients the best return on investment (ROI)."

According to Kristen Kenedy of CRN, "Achieving growth in an economy still under pressure is no easy task. However, the Fast Growth 100 solution providers demonstrate that success can be achieved even under difficult conditions."

Canvas Systems attributes its significant growth to being able to accommodate the increased demand for lower IT budgets by selling pre-owned IT and networking equipment. Products are purchased through a wide variety of finance options, including short-term leases and rentals. Canvas also offers asset recovery solutions including equipment buyback, recycling services and removal of proprietary data from servers and storage. These services are crucial in a time when companies are trying to recoup as much value as possible from their IT investments.

According to CRN, the Fast Growth 100 list represents a compilation of the top technology solution providers that are developing custom applications, vertical market solutions and driving growth through managed services. The list was compiled from a call for nominations conducted by CRN during the fourth quarter of 2004. Solution providers were then ranked by revenue growth over the prior 12 months. To qualify for the list, each company had to be an independently owned business since at least 2001 and have sales of at least $250,000. The average participant reported $55 million in sales and grew 37 percent.

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 60 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 $190M OHC, LLC. For additional information, contact www.canvassystems.com.