Recycling Electronics Helps Technology Value Financial Revenue Jump 400 Percent

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Technology Value Financial announced it has seen 400 percent revenue growth in two years-- because it recycles electronics as they come off lease. The Maineville, Ohio, subsidiary of GreenLoop IT of Harrisburg, Penn., proves that companies want to go green and save the environment even as they save money on technology leases.

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Vic Eliau, senior vice president of Technology Value Financial. (Oak Tree Communications Photo)

“In many cases, parts value of returned technology can be more valuable than the whole unit,” said Eilau. “Customers end up with better solutions because we are able to provide them lower rates on the lease if our affiliate gets the residual."

Cincinnati-area electronics leasing company Technology Value Financial reports a revenue increase of 400 percent over two years—because organizations want to save the environment even as they save on technology leases.

The Maineville, Ohio firm provides technology leasing to organizations nationwide by doing business with the front and back doors in mind.

The GreenLoop IT affiliate is only in its second year of operation, but it’s already gathering major green— revenues were up more than 400 percent in 2011-- because it taps into many corporations’ desires to be environmentally-responsible.

GreenLoopIT of Harrisburg, Penn., owns Technology Value Financial; PC Parts, Inc.; Penn Data Networks; PC Surplus Online; and PC Surplus Recycling.

GreenLoop IT provides organizations with a closed-loop technology lifecycle. Electronics are replaced at the end of a lease and their parts harvested and recycled, providing material for manufacturing new electronics.

TVF is headed by Vic Eilau, senior vice president and a GreenLoop IT principal. Eilau plans to add additional employees over the next year to keep up with demand.

“Hundreds of companies are in the electronic parts or leasing business, but no company but GreenLoop has moved the two functions together to provide corporate technology solutions from leasing, to harvesting of used electronic parts, to recycling, which allows for re-manufacturing new electronics,” said Eilau.

GreenLoop IT offers a comprehensive IT life-cycle management solution to providing technology for businesses. The company’s mission is to provide a profitable blend of environmentally-conscious technology after-market products and related services.

GreenLoop’s subsidiary, PC Parts, Inc. was named to the Inc. 5000 list for the second year in a row this year as one of the nation’s fast-growing, privately-held companies. Penn Data Networks provides logistics, technology maintenance and repair, and temporary staffing. PC Surplus Online is an e-commerce re-seller, and PC Surplus Recycling is an electronics scrap recycling business.

“Most organizations literally have closets full of outdated technology,” said Eilau, “but what are they doing with that equipment? Our solutions allow them to lease the technology and avoid all the disposal issues at the end of the lease. The unit can be processed and useable tech parts re-used. Remaining components are sold for commodity value, and new equipment manufactured from recycled materials.”

Eilau said most organizations don’t want equipment at the end of a lease, but Technology Value Financial does-- because the returned equipment feeds its parts business.

“In many cases, the parts value of returned technology can be more valuable than the whole unit,” said Eilau. “Our customers end up with better solutions because they know we are able to provide them lower rates on the lease if our affiliate gets the residuals.”

Technology Value Financial is a full-service financial organization providing customized leasing solutions to end users as well as IT equipment resellers. It offers a blend of IT lifecycle management programs that include easy and economic deployment of new IT assets and effective disposition of retired IT assets in an environmentally-responsible manner.

GreenLoop IT has 90 employees, with a handful in leasing and online sales.

For more information, contact Vic Eilau at (513) 325-2612 or go to http://www.techvf.com.

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