Techtrack Solutions Inc.

Techtrack Solutions Inc.

January 22, 2008 06:00 ET

Techtrack Solutions Inc.: With an Economic Crisis Looming an Effective IT Asset Tracking System Could Help Reduce Costs and Save Millions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2008) - Techtrack Solutions Inc., a leading IT Asset Management Software Company that develops a highly configurable Asset Tracking Software has been helping Fortune 1000 companies reduce costs and save money with asset tracking solutions for over 10 years and believes with an impending recession coming, business executives need to be creative in finding quick and dirty ways to reduce costs and save money.

With the economy sliding at a rapid pace an effective asset management system for growing organizations can gain control of their new, existing and retired IT assets and save their organization potentially millions of dollars. Techtrack is focused on helping organizations successfully implement and maintain their IT asset management (ITAM) programs.

Organizations are constantly looking to reduce costs internally in an economy crunch, but with the growing needs of assets for organization to stay current, finding ways to save money can seem impossible. Organizations are consistently purchasing new equipment, computers, laptops, peripherals, office equipment, modular furniture and other assets as their company grows with the changes. According to industry analyst, if we enter a recession, companies will be scrambling to cut costs and find ways to save money and through good ITAM practices, companies can find savings by up to 30%.

ITAM is an organization's solution to saving money and also keeping compliant with strict government compliance mandates and regulations like Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Biliey (GLBA), Foreign Corrupt Practices Act (FCPA). ITAM is a comprehensive IT management program that creates asset visibility so you know when assets are moved, removed and added to your inventory, this deters any redundant and unnecessary purchasing.

"We are seeing a back to basics approach for many companies when it comes to tracking their assets," says Kevin McGrew, Techtrack's President and CEO. "Many companies have invested in automated systems and asset repositories over the past decade, but aren't getting the value out of them because they only have a partial view of what is really out there. We see many large companies using spreadsheets and homemade systems to fill the gaps and with the growth that many of these companies have experienced, they just can't manage that amount of information with spreadsheets."

Techtrack Solutions has an effective, easy to use bar code tracking system that allows organizations to view all assets across their entire enterprise and reduce the labor to manage these assets by 90%. This allows complete control and management of IT assets. Managing IT assets is a critical function in today's businesses, not only does it save you money, it creates structure and organization, giving you complete control over your assets.

About Techtrack

Techtrack Solutions Inc. is a privately held Information Technology Asset Management (ITAM) Software company headquartered in Vancouver, British Columbia, Canada. Over the past 10 years, Techtrack has been delivering IT asset management solutions solving customers' business problems as they relate to asset management. Their core areas of expertise are in asset management and asset tracking software, asset life cycle best practices, physical inventory and reconciliation services. Techtrack provides asset tracking and management solutions to leading organizations throughout North America including fast growing FORTUNE 1000 companies such as Yahoo!, Electronic Arts, Expedia, Salesforce.com, NASDAQ Stock Exchange and HP. For more information on Techtrack or to contact an ITAM solutions expert please visit www.techtrack.com.

This news release is not, and under no circumstances is to be construed as, an advertisement, solicitation or offering of securities of Techtrack Solution Inc. The statements made in this news release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

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