ROUND2 Inc. Acquires Monitex Expanding CRT Processing Capability
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Merger creates a fully integrated, secure, auditable, and customizable recycling solution for Fortune 1000 clients. AUSTIN, Texas, Jan. 12 /PRNewswire/ -- ROUND2 Inc. today announced the acquisition of Monitex, a leading recycling and reuse specialist for computer monitors, TVs, and cathode ray tubes (CRT). The acquisition enables ROUND2 to deliver a comprehensive, wholly-owned electronics recycling solution from its 183,000 square foot facility in the Dallas/Fort Worth Metroplex. Ian Bagnall, ROUND2's Chief Executive Officer, said, "Our clients have been asking for a vertically integrated partner to reduce their costs while providing a closed-loop recycling solution. ROUND2's proprietary Intelligent Sortation(TM) process greatly reduces our clients' end-of-life, excess and scrap electronics management costs. ROUND2 is passionate about achieving its mission to deliver a fully integrated, 100% environmentally responsible solution for the handling of unwanted and retired electronic assets." ROUND2 Senior Vice President, Ferris Segovia, said, "Monitex has always focused on proper end-of-life solutions for CRT products, with an emphasis on eliminating landfill eWaste. Our unique process incorporates both reuse and recycling for discarded CRTs, giving new life to a perceived obsolete technology." Segovia, who is leading ROUND2's CRT Processing Division, continued, "ROUND2 has been a valued customer since 2005 and we clearly share a complimentary and synergistic mission. Our clients, both Fortune 1000 and eWaste collectors, will benefit from ROUND2's additional capabilities related to remarketing and repair." Monitex (www.monitexllc.com) was founded in 2002 and is a national service provider for recycling and refurbishing of CRT products. As a leader in glass to glass CRT recycling, Monitex processed in excess of 36 million pounds of CRT products in 2008, diverting more than 7 million pounds of lead from landfills. The acquisition complements ROUND2's diverse suite of resale and recycling services, cementing its position as the largest, full-service, end-of-life electronics processor in the Central United States. With the addition of Monitex, ROUND2's offerings now include: Asset Management Services (test, repair, and certified data destruction), Product Remarketing (B-channel sales, systems, parts, and components), Recycling (reverse logistics, glass to glass CRT recycling, and brand protection programs), and Customizable Reporting. Donald Hackett, ROUND2 Chief Strategy Officer said, "ROUND2 is building a world-class enterprise with a focused leadership team executing a disciplined 1,000 day plan to capture significant market share. We believe there is an oversupply of profiteering eWaste collectors, presenting a substantive disintermediation opportunity. ROUND2 is aggressively expanding its capabilities and the Monitex acquisition positions the company to expand its services." Hackett continued, "The ROUND2 brand will be recognized for delivering measurable value to both stakeholders and shareholders alike." Effective immediately, the combined company operates under the trade name "ROUND2 MONITEX" and is headquartered in the largest electronics recycling facility in the State of Texas. About ROUND2 Inc. ROUND2 Inc. provides integrated and customizable recycling services for corporate and municipal clients in the United States. Identified in 2008 as the 6th largest electronics recycler in North America by Recycling Today, the company is committed to delivering environmentally responsible, closed-loop recycling and remarketing solutions for large scale institutions processing consumer electronics, paper, and plastics. Additionally, ROUND2 offers Asset Management Services, CRT Recycling, and Certified Data Destruction in a 100% green compliant process. www.round2monitex.com SOURCE ROUND2 Inc. Brent Werbeck of ROUND2 Inc., +1-512-342-8855, or +1-512-630-1773, brent.werbeck@round2.net
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