SEL Exchange Inc. Ramps Up Hiring, Expects Revenue Boost

SEL Exchange Inc. SEL announced recently that it has added a second shift at its Brampton, Ontario facility. This permanent addition to the company's operations will generate a further $1 million in revenue when it is fully implemented within 8 to 18 months, with expectations of $4 million once the second shift is at full capacity.

SEL Exchange Inc. SEL, formerly Penfold Capital Acquisition IV Corporation, on July 8, 2014, announced that it has added a second shift at its Brampton, Ontario facility.

The addition of the second shift is a result of increased demand both from new and existing customers for the company's end of life product management services at its wholly-owned subsidiary SLM Logistics Corporation (SLM). It is anticipated that the second shift, which is a permanent addition to SLM's operations, will generate a further $1 million in revenue when it is fully implemented within 8 to 18 months. The annual revenue capacity of this shift is expected to be $4 million once the second shift is at full capacity.

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"We are excited to see continued increased demand for the Corporation's end of life product management," said Vito Buffone, President and CEO of SEL Exchange. "Retailers and manufacturers are realizing the value in SLM managing their returns and diverting returns from landfill."

SLM Logistics has been managing customer returns from major retailers for more than 10 years. Its clients have included Walmart, Costco, and Disney.

These products could be defective or the consumer may have just had a change of heart. The company will attempt to resell these goods through non-traditional channels, after fixing the defects in some cases, which allows it reduce the cost of recycling the remaining assets it receives.

Since 2011, Independent Waste Audit Reports show that SLM's operations have been successful in providing a 99% waste avoidance rate, meaning the company's processes are able to divert about 99% of the products it receives from landfill.

SEL Exchange's latest news represents the second significant announcement from the company in as many weeks. On June 23, 2014, SLM revealed its expansion into the United States with the start of operations out of its 50,000 square foot facility30 miles from Nashville, Tennessee.

From this facility, the company will service its American-based customers, allowing it to significantly reduce transportation time and expense, and to better serve its current customers' American operations.

SLM estimates that initially about 25 truckloads per year will be diverted from landfill and the various products will be salvaged and properly recycled. The Tennessee facility will also provide its customers with technical repair services presently conducted by the company's wholly-owned subsidiary, Service Results Technology Inc. (SRT).

"Opening our Tennessee facility is a key milestone for SLM this year," Mr.Buffone added. "The expansion into the United States came from our present customers' needs to help with their current asset recovery and landfill issues. This expansion will allow SLM to better penetrate the largest retail market in the world and will enable it to better serve all of its customers' U.S. based needs."

For its latest quarter, Q2, SEL Exchange reported a 28% increase in sales revenue to $601,417. The company currently has 46,789,031 shares outstanding, about 70% of which are held insiders.

To learn more about SEL Exchange visit: SEL Exchange Investor Hub 

About SEL Exchange:

The Corporation, through its wholly owned subsidiaries SLM Logistics Corporation, and Service Results Technology Inc. is dedicated to managing consumer and retail store returns and problematic electronics through a product management system. The Corporations manage product warranties, service repairs, consumer returns from receiving to end-of-life with quality assurance testing, factory servicing, resale through non-traditional channels and recycling of non saleable product to support a closed-loop distribution process. The Corporation is able to recycle the non-saleable returns it receives, thereby allowing customer returns to have a very low environmental impact. Independent Waste Audit Reports, since 2011, show the Corporation is able to achieve a consistent waste diversion rate of over 98.6%. This means brands using the Corporation's processes are able to divert over 98.6% of their product from landfill. The Corporation is currently working on rolling out this product offering to retailers to allow them to capture the environmentally conscious consumer. The Corporation currently operates only in Ontario and Tennessee.

Disclosure

SEL Exchange is a featured sponsored company and has paid SmallCapPower.com a fee for coverage.