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Network Hardware Resale Adds Investment Banker Jamie Greenwald to its Corporate Board of Directors

November 14, 2006

Angelique Springer Davis
Network Hardware Resale

Financial Industry Veteran Brings Vast International Experience as NHR Continues its Worldwide Expansion

Santa Barbara, Calif. - November 14, 2006 - Network Hardware Resale (NHR), the leading provider of pre-owned and new networking equipment, has announced the addition of financial industry veteran Jamie Greenwald to its Board of Directors.

Greenwald joins the board following a successful and diversified 19-year career in investment banking, including a decade-long career as a managing director in the Institutional Equity Division of Morgan Stanley. In that role, he led an international team in solving commercial and investment problems for corporations, insurance companies, pension funds and investment managers around the world. Most recently, Greenwald served as manager of the company’s product innovation team. In that capacity, he spearheaded certain internal and external firm investments in the financial software and internet arena while seeking cutting-edge new businesses and directing the division’s product development and distribution strategy. He also managed the company’s Financing Products Group. Prior to joining Morgan Stanley, Greenwald was a managing director at Merrill Lynch as well as a vice president at Bankers Trust Company in New York.

“Network Hardware Resale is very fortunate to add such a highly qualified international investment expert as Jamie to our board,” said Mike Sheldon, president and CEO of NHR. “His outstanding accomplishments in the global marketplace come to us at a time when we are expanding our international footprint while also maintaining aggressive revenue growth.”

Recently, NHR reported record third-quarter earnings, reinforcing its global expansion efforts while demonstrating positive EBITDA for the 27th consecutive quarter. “NHR is well positioned to broaden its product portfolio and international reach,” said Greenwald. “I am pleased to join NHR’s board and leverage my international expertise to advise the company during this period of steady worldwide growth.”

NHR provides more than 10,000 customers with a full range of complete network fulfillment, disaster recovery, testing and sparing as well as asset recovery solutions.