Market Overview

Scott Townsend Joins CNE Direct as Vice President of Global Operations


CNE Direct, a leading global IT Asset Disposition (ITAD) company, today
announced that Scott Townsend has joined the company as Vice President
of Global Operations. Townsend is a veteran ITAD industry operations
executive with 19 years of experience designing, building, and managing
large-scale IT asset recovery platforms.

Townsend leads ITAD services, operations, logistics, data security and
environmental compliance activities across CNE's global network of 14
locations. He has deep experience in refurbishing and maximizing value
recovery of enterprise IT equipment, distributed assets, and hardware

"We're very happy to have Scott join CNE and help expand our ITAD
capabilities around the world" said Jerry Quill, CEO, CNE. "We're
building our platform to deliver consistent high-quality services in
every market and Scott's extensive ITAD and international experience are
an excellent fit for CNE."

Prior to CNE, Townsend was an operations leader for two industry
companies where he developed facilities to efficiently manage
refurbishment and disposition of IT hardware.

"CNE is a top ITAD company with great people and a high-quality global
platform in place," said Townsend. "I'm excited about the opportunity to
work with the team to grow CNE's value recovery capabilities and provide
additional services for our clients."

About CNE Direct

CNE Direct is a leading global IT Asset Disposition company
headquartered in Peabody, MA, USA, with facilities located throughout
the Americas, Asia, India and EMEA. CNE was founded in 2002 and has
achieved rapid growth (including four consecutive Inc. 5000 Fastest
Growing Companies awards) by providing high-touch tailored solutions for
our clients. CNE is R2, ISO 14001, and OHSAS 18001 certified with a
strong commitment to sustainability and environmental excellence.

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