Rincon Technology Experiences 49% Year over Year Growth in Q2 2010

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Rincon Technology, Inc. (Rincon), a pioneer in developing investment recovery programs for communication service providers and large enterprises, announced today it achieved gross profit growth of 49% in Q2 2010 over the same period in 2009. This success demonstrates that Rincon is delivering excellent value to its customers and partners.

“These outstanding results were driven by the continued expansion of our investment recovery programs; both the number of customers we are doing this for and the results for those currently under management”

“These outstanding results were driven by the continued expansion of our investment recovery programs; both the number of customers we are doing this for and the results for those currently under management,” says Michael Bartling, Rincon Co-Founder and EVP of Sales and Purchasing.

Mr. Bartling goes on to say, “In an environment where capital avoidance is a key initiative for many companies, our customers have found that pairing the cash generated by our asset remarketing programs, with the savings afforded by purchasing low cost, high quality used hardware, allows them to stretch their capital budgets and meet their network build-out targets.”

Rincon Co-Founder and President and CEO, Jason Kelly, is also excited about the Company’s second quarter growth. “Our Q2 growth was accomplished by our operation’s team speed in the identification and receipt of assets, and our sales force’s execution on strategic marketing plans that generated strong returns for our Investment Recovery customers.”

Mr. Kelly adds, “In addition to saving our customers more money than ever before, we also helped them reduce their impact on the environment. Rincon recycled 25% more material than any previous quarter. By uniquely combining the purchase of used networking assets with responsible recycling, we are supporting our customers sustainability initiatives, and leading environmental stewardship efforts.”

For more information about Rincon Technology, please contact Jason Kelly, Co-Founder, President and CEO, at [phone].