Myriad Supply Company Unveils Recession-Beating Stimulus Plan for I.T. Infrastructure

(PRLEAP.COM) New York City, NY – April 14, 2009 – Myriad Supply Company, LLC., a leading reseller of computer networking equipment, reports today that many of their clients are using the Myriad Upgrade program to make significant enhancements to their I.T. infrastructure. The recession-beating Myriad Upgrade program allows customers to upgrade their technology, using trade-in value from their legacy equipment to offset the price of the upgrade. The combination of trade-in credit and aggressively priced pre-owned upgrades affords companies of all sizes the opportunity to significantly improve their infrastructure despite the current economic climate.

With stocks, home values, corporate revenues, and I.T. budgets falling every day, Myriad Upgrade targets businesses and companies hoping to upgrade and build and improve infrastructure without incurring a major capital outlay. It gives clients a viable outlet to liquidate some technology assets by offering high market values for equipment from Cisco, Foundry, Juniper, Polycom, Redback and other manufacturers. "Every company has a pile of out-of-service equipment sitting on the shelf collecting dust - and now is the time to turn that into working capital," says Andrew Fisher, Chief Executive Officer of Myriad Supply.

In addition to being an effective cost-savings method, the Myriad Upgrade process is particularly well suited for clients making upgrades to live production networks. This is because Myriad Supply provides the trade-in value instantly, while allowing the client to configure and set up the new equipment in parallel to the legacy equipment for testing and seamless cutover. After the client is fully migrated to the new equipment, Myriad Supply makes arrangements for the return of legacy equipment, scheduling carrier pickups and even providing packing materials when necessary. The overall benefit of the program saves companies time and money while allowing them to run their businesses on up-to-date hardware.

The financial benefit of the Myriad Upgrade program is to alleviate tightened I.T. budgets. According to the CIO.com end-of-year "State of the CIO" poll of 558 corporate technology leaders, average I.T. budgets across all industries shrunk last year from 7.4% of revenue to 6.7% of revenue. The recession and current economic climate requires companies to not only rethink the handling of their current equipment assets, but also forces them to alter their current strategy for acquiring network equipment.

One of Myriad’s clients, an I.T. consultant, was able to completely offset the costs of four DS3 routers with voice capabilities by taking advantage of the Myriad Upgrade program. By trading in Cisco network modules that were no longer in use, the consultant was able to upgrade the routing technology at their client’s four branch offices and avoid hardware expenses almost entirely. Without the Myriad Upgrade program, this network upgrade would not have been possible.

A leading financial services firm was also able to take advantage of this program. The firm benefited from an upgrade of their network by trading in their Cisco NM-1A-T3’s and replacing them with Cisco NM-1T3/E3’s at 22 of their office sites. Similarly, a global healthcare solutions company replaced their end-of-life Cisco switches to newer Gigabit Cisco models by participating in Myriad’s upgrade program. This type of diversity proves that the Myriad Upgrade program can help companies across a variety of verticals.

"We are hearing from our customers that with their I.T. budgets constrained, trading in or selling the gear they are attempting to replace is a cost-effective way of upgrading their networks without a large capital outlay," says Mark Hosny, Chief Financial Officer at Myriad Supply. "Often times we are able to offer a higher amount for trade-in gear that is used for a future purchase, allowing even more flexibility in upgrading the network. Based on the first three months of 2009, we’re projecting that participation in our trade-in program will at least triple in 2009 compared to 2008."

Please contact Myriad Supply directly at 866-725-1025 with any questions or visit www.myriadsupply.com

About Myriad Supply:
Myriad Supply is a leading global reseller of networking equipment, including brands such as Cisco, Foundry, Juniper and Polycom. For over five years, Myriad Supply has worked with thousands of customers ranging from Fortune 500 multi-nationals and established ISPs to early-stage startups. Myriad Supply has the largest inventory of refurbished networking equipment in New York City, and offers free same day delivery anywhere in Manhattan.

Media Contact:
Anthony Berardo, Director of Online Marketing
MyriadSupply.com / MyriadMemory.com / MyriadTechSolutions.com
866-725-1025
www.myriadsupply.com

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