Rincon Technology Experiences 87% Growth YTD in 2012

Rincon Technology Experiences 87% Growth YTD in 2012

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Rincon Technology, Inc. (Rincon), a pioneer in developing innovative investment recovery programs for communication service providers announced today it has achieved year-to-date ("YTD") revenue growth of 87% in 2012 over the same period in 2011, demonstrating that Rincon continues to deliver excellent value to its customers and OEM partners.

"Rincon's year-to-date results are a direct result of continued regional expansion, accelerated top-line growth, increased operating margins and re-investment in the company," says Rincon Co-Founder, President and CEO Jason Kelly. "Our success is driven both by the industry environment - one where community service providers are building out their networks at an accelerated pace to meet increasing bandwidth demands - and by a company specific factor of increased adoption and demand for Rincon's approach to investment recovery. This approach generates cash from stranded assets and decreases the acquisition cost of the products and services required to build networks." Mr. Kelly explains further, "This year we've seen growth in the number of programs under management and in the number of items placed into the programs, as well as an increase in customer satisfaction scores for those programs."

Michael Bartling, Rincon Co-Founder and EVP of Sales and Purchasing, is pleased with the balance represented by the company's results. "As in the preceding periods, our top-line revenue growth was accomplished without eroding margins and with a diverse product mix comprised of 65% data networking and pluggable optics, 25% switching and optical transport, and 10% mobility products." Mr. Bartling also reports, "These figures validate one of Rincon's key differentiators, which is our ability to offer a varied product mix and industry expertise in the critical forward-looking product categories our customers care most about."

For more information about Rincon Technology, please contact Jason Kelly, Co-Founder, President and CEO, at 805-684-8100.

About Rincon Technology

Rincon Technology exceeds industry standards with highly responsive solutions to technical migration challenges. Rincon's inventive strategies increase efficiencies and optimize their clients' bottom line. The company is built around the cornerstone belief that telecommunications technology should be managed like a liquid capital asset and that any purchase, sell or trade of equipment should be timed and leveraged to provide maximum financial gain for clients. This innovative dynamic involves facilitating the movement of products from sources with excess supply, to those with immediate needs.

Rincon Technology
Jason Kelly, 805-684-8100
Co-Founder, President & CEO

KEYWORDS: United States North America California


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