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April 2, 2008 Press Release

For Immediate Release


San Francisco, Calif. – April 2, 2008

Townsend Assets Group. (TAG), today unveiled a new corporate identity – Townsend Networks – highlighting the firm’s evolution from an IT asset recovery specialist to a global reseller of used networking hardware specializing in industry-leading brands Cisco Systems and Foundry Networks. .

“Evolving our name and creating a new, bold logo, better reflects who we are today and the continuing commitment we have to our customers,” said Peter Gilberd, President. “This was really the next logical step for us in series of changes we’ve undertaken in the past year to strengthen our corporate structure and expand our market position.”

To highlight the firm’s commitment to delivering quality equipment, Townsend Networks’ marketing materials will also include a new tagline – “We Don’t Just Sell Hardware, We Sell Piece of Mind,” which reflects our customers’ repeated feedback about the high-quality and reliability of the pre-owned equipment we stand behind.

The new Townsend Networks logo is now integrated into the firm’s sales and marketing collateral, as well as the new Townsend Networks Web site – http://www.townsendnetworks.com. The new Web site features streamed content and incorporates bold colors and graphics resulting in a dramatic improvement in user navigation, uniformity, and appearance.

About Townsend Networks, Inc.

Founded in 2002, Townsend Networks is a leading reseller of used Foundry Networks, Cisco and Juniper networking hardware. The company buys, sells and leases pre-owned equipment. Based in San Francisco, Townsend Networks provides services to 1500 customers in 30 countries.  For more information, visit www.townsendnetworks.com or call 866.IT-ASSET.

All press or analyst inquiries should be directed to:

Matt Batt
Pipeline Media Relations, Inc.
(847) 829-4251