CHICAGO, June 1, 2009 (GLOBE NEWSWIRE) -- Secured Digital Storage Corporation (Pink Sheets:SDGS) today announced it has completed the acquisition of Power Trading LLC and Marketing and Money Management, LLC of Tyler, Texas. The two companies combined are commonly known as HcdiTrading.com (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 refurbished computers for 25% - 40% cheaper than brand new computers.
Lee Wiskowski, CEO of SDGS, said, "With the increased computing capacity in today's personal computer market and the innovative techniques employed by HCDI, refurbished computers give you the 'most bang for your computing buck.' We are very excited about the long term revenue growth that this merger brings and believe it is a very promising industry with strong potential domestically as well as globally."
Doug Stukel, Chairman of SDGS, said, "We are pleased to have closed our acquisition with HCDI and look forward to growing the computer refurbishing business as a whole using a variety of innovative approaches. 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 are excited to be part of a public company that gives us access to the resources we need to grow our business aggressively. We look forward to 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 traded on the Pink Sheets listed under the symbol SDGS.
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.