Frankfurt, Germany. June 15, 2011 – Xchange Technology Group (XTG), a global leader in IT asset and technology lifecycle management, announced today that it has acquired the assets of Livingston Electronic Services GmbH, a European business providing short-term rental solutions for IT and Audio Visual products. The purchase and integration with XTG’s Hamilton Rentals business in the UK will create Europe’s largest short-term IT rental business. XTG’s global footprint will now include 21 facilities in 9 countries and includes two new facilities in Germany – Frankfurt and Cologne.

Jeff McFarlane, President and CEO of Xchange Technology Group commented “The acquisition of Livingston adds another market-leading computer rental business to the group and provides XTG with greatly enhanced coverage in European markets.” McFarlane also added “We’re also thrilled with the addition of the senior leadership team from Livingston and their in-depth knowledge of the computer rental and event industries.”

Martin O’Connor, Managing Director of Hamilton Rentals, commented: “This is a unique opportunity for the two largest IT rental and asset management companies in Europe to join forces to produce a true pan-European organisation. This combination provides XTG with the unique ability to provide value to our customers and business partners on a broad, international basis. There’s surprisingly little duplication across the two organisations and it will provide many opportunities for cross-selling within the merged entity.”

Siegbert Franz, Managing Director of Livingston, agreed: “This is a fantastic opportunity to take the business to a new level. The resources, offerings and reach of XTG, and the existing presence of Hamilton Rentals in Europe provides a completely unique platform for growth. Everyone at Livingston is very excited about the future of the company within the Xchange Technology Group.”

About Xchange Technology Group Xchange Technology Group, established in 1996, is a worldwide leader in information technology and is made up of 5 affiliate companies- IT Xchange, BlueRange Technology, Vernon Computer Source, Hamilton Rentals and PartStock Computer. Through this group of interdependent companies, we strive to become the world’s premier provider of flexible and cost-effective lifecycle management programs for IT assets.

BlueRange Technology delivers world-class technology solutions to solve business challenges in mid-market organizations. We have partnered with the world’s leading hardware and software manufacturers, including: IBM, Microsoft, Cisco, and VMware. BlueRange Technology leverages our IS0 9001:2000 accreditation, coupled with a high standard of engineering and logistics, to help our clients maximize workflow and realize maximum ROI on their IT investment.

Hamilton Rentals and Vernon Computer Source focus on the rental, lease, and lifecycle management of equipment and peripherals from Tier 1 technology manufacturers. Operations in the US are headquartered in Stamford, Connecticut with additional facilities in major regions across the United States. Operations in Europe are headquartered in London, England, with additional facilities in Scotland. Our product broad portfolio includes manufacturers such as IBM, Lenovo, HP, Dell, LG, Sun / Oracle, Samsung, Sony, and Apple.

IT Xchange is an international distributor of secondary market, server and personal computer technology, with offices in Canada, USA, UK, China, Japan, Australia, Barbados and Dubai. IT Xchange works with a broad network of domestic and international clients, providing customers with quality products allowing organizations to maintain their standard platforms for extended periods of time (Platform Maintenance) or to acquire technology appropriately matched to their applications (Appropriate Technology).

PartStock Computer is a leader in technology lifecycle investments for the educational customer base including K-12, and higher education. At the core of PartStock’s foundation is the company’s enduring commitment to customer service combined with a proven record delivering quality technology solutions. With a broad product inventory including Dell, HP, IBM and Lenovo, as well as industry leading certifications including Dell’s Registered Partner and Microsoft’s Authorized Education Reseller.