Hartco Income Fund

Hartco Income Fund

January 05, 2007 17:20 ET

CompuSmart Launches Canada's First Retail iPod Exchange Program

MONTREAL, QUEBEC--(CCNMatthews - Jan. 5, 2007) - CompuSmart, a major national full-service technology retailer, announced today that it will launch an iPod exchange program in its Montreal, Toronto and Ottawa stores in partnership with U.S.-based NextWorth Solutions.

The new program, the first of its kind in Canada, enables iPod owners to exchange their older models for newer ones. "This is a great way for people to upgrade their iPods without losing their original investment," said CompuSmart president Jeffrey Hart. "Even if you recently purchased a new iPod and also have an older model, you can trade in the older one for immediate credit toward any product sold by CompuSmart."

Customers can simply bring in their old iPod and any original iPod accessories to a participating CompuSmart store. A CompuSmart sales person will value their iPod on the spot with a real-time pricing calculator developed and successfully executed in the United States by NextWorth Solutions. The customer will then receive instant credit towards a new iPod or any other product offered by CompuSmart.

"NextWorth is known for its hassle-free iPod trade-in service," said Dave Chen, CEO of NextWorth. "We're extremely pleased to extend The Great iPod Exchange ™ internationally to a premiere retailer like CompuSmart. With this launch, we are extending our reach into Canada and providing a valuable service for CompuSmart's customers."

CompuSmart will initially introduce the iPod exchange program at its stores in Montreal, Ottawa and Toronto, and expects to expand to its other stores across Canada throughout the year.

About CompuSmart

The CompuSmart retail division, part of Hartco Income Fund, is a major national full-service retailer of leading brand-name IT and digital electronics products and service offerings for consumers and small businesses, with more than 30 corporate and franchise stores across the country. For more information about CompuSmart, or to shop online, visit www.compusmart.com.

About NextWorth Solutions, Inc.

Needham, Mass.-based NextWorth Solutions, Inc. is a leading provider of after-market value exchange programs for consumer electronics. NextWorth helps people Stop Depreciation™ by facilitating the sale and trade-in process for today's leading products. NextWorth offers a turnkey trade-in program for retailers, providing their consumers an opportunity to capture the value of their current model when trading-up to new technologies or products. For more information, please visit www.nextworth.com.

Fund Profile

Hartco Income Fund (TSX:HCI.UN) has been a leader in the Canadian information technology business for more than thirty years. Through its operating divisions, which together include more than 90 commercial and retail locations across Canada, Montreal-based Hartco delivers digital technology products and services to consumers of every age and to private and public sector organizations of every size.

Forward-Looking Statements

This news release contains forward-looking information. Except for historical information contained herein, the statements in this document are forward-looking. Forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. Those risks include, among others, changes in customer demand for information technology products or services, changes in supplier pricing actions or terms, customer orders, pricing actions by competitors, changes in laws and regulations and general changes in economic conditions.

Contact Information

  • CompuSmart Limited Partnership
    Jeffrey Hart
    514-354-0580, ext. 381
    For Investor Relations: Hartco Administration Inc.
    Carl Gauvreau
    Vice-President Finance and Chief Financial Officer
    514-354-8989 (FAX)