SOURCE: Secured Digital Storage Corp.

February 23, 2009 13:08 ET

Secured Digital Storage Corporation Signs Letter of Intent to Acquire Computer Refurbishing Company

CHICAGO, IL--(Marketwire - February 23, 2009) - Secured Digital Storage Corporation (OTCBB: SDGS) today announced it has signed a letter of intent to acquire Power Trading LLC and Marketing and Money Management, LLC of Tyler, Texas. The two companies combined are commonly known as (HCDI) and are one of the premier PC and Laptop refurbishing companies in the U.S. Additionally, HCDI is one of the largest sellers of PC and laptops on eBay with over 16,000 positive responses and a 99.6% positive rating from its customers. In 2008, HCDI shipped over 30,000 computers, 10,000 LCD monitors, and 2,000 laptops. In addition to upgrading the memory and speed capacities, HCDI uses a unique process to re-finish the outer cover of the refurbished PC/laptop which makes the final product look and feel virtually like new. HCDI typically sells its computers for 25% - 40% cheaper than its brand new counter-parts.

Lee Wiskowski and Doug Stukel, Directors of SDGS, said, "We are very excited about becoming partners with HCDI and growing the computer refurbishing business. The industry is really just emerging and the economic benefit to the enterprise as well as the individual is undeniable."

Rock King, President of HCDI, stated, "The economic demand for refurbished PCs and laptops is growing exponentially and the 'green' aspect of our business is particularly appealing to our customers. Additionally, with our unique re-finishing process we are fulfilling a niche that customers can't seem to get enough of."

Keith McGough, COO of HCDI, further added, "We look forward to becoming part of a public company and having access to the resources that will allow us to continue to grow our business aggressively. Our problem right now is trying to keep up with the customer demand."

About Secured Digital Storage Corporation

Secured Digital Storage Corporation is a New Mexico incorporated holding company which is publicly listed and traded on the Over the Counter Bulletin Board Exchange (OTC.BB) listed under the symbol SDGS.OB.

Forward-Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.

Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the company and the statements contained herein, reference should be made to the company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact:
    Secured Digital Storage Corporation
    Lee Wiskowski