FOR IMMEDIATE RELEASE
October 13, 2005

Kevin Hall
www.governor.virginia.gov
(804) 225-4260


David Nadsady
Redemtech
(614) 777-2663
Christie Collins
VEDP
(804) 545-5805
GOVERNOR WARNER ANNOUNCES CHESTERFIELD COUNTY TO GAIN UP TO 80 NEW JOBS
-Redemtech to invest $1.2 million in facility-


RICHMOND - Governor Mark R. Warner today announced that Redemtech, Inc., a leading provider of information technology (IT) asset management solutions, will invest $1.2 million to open a facility in Chesterfield County. The company will initially create 30 new jobs and grow to 80 within 30 months. Virginia successfully competed against Connecticut, Pennsylvania and South Carolina for the project.

“Redemtech allows customers to maximize their investments in business technology, while at the same time effectively handling concerns about consumer privacy and environmental protection,” said Governor Warner. “Chesterfield County is able to provide an available facility in a mid-Atlantic location with close proximity to quality highways and the Port of Virginia to meet this growing company’s needs.”

Headquartered in Columbus, Ohio, Redemtech has pioneered TCM (Technology Change Management), a new approach to IT asset management. TCM helps organizations extend the useful life of their IT systems while ensuring data security and including proper disposal and recycling of their IT assets. Redemtech is a wholly-owned subsidiary of Micro Electronics, one of the largest privately held technology companies in the United States.

“Our customer base in the mid-Atlantic region continues to grow and this new facility will ensure we continue to provide efficient, cost-effective support for all of our customers,” said Robert Houghton, president and founder of Redemtech. “Virginia provides us with a business-friendly climate and an excellent infrastructure to support our commitment to customer service.”

The Virginia Economic Development Partnership worked with Chesterfield County to secure the project for Virginia. The Virginia Department of Business Assistance will support the project with training assistance through its Workforce Services Program.

“We’re very pleased that Redemtech has chosen Chesterfield County for its new electronics recycling facility. As a locality that is both open for business and committed to being responsible protectors of the environment, we welcome this environmentally-responsible facility, and the new employment opportunities it will bring for our residents,” said Chesterfield County Board of Supervisors Chairman Edward B. Barber.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

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