|By Marketwired .||
|August 12, 2014 09:00 AM EDT|
TORONTO, ONTARIO -- (Marketwired) -- 08/12/14 -- SEL Exchange Inc. (formerly Penfold Capital Acquisition IV Corporation) (TSX VENTURE: SEL) (the "Corporation") is pleased to announce that it continues to increase business at its U.S. operations.
The Corporation has been notified by a current customer (a large U.S. based retailer) that it would like to expand its current relationship with the Corporation and add an additional product line for the Corporation's end of life services. The Corporation estimates that this additional business will generate significant additional annual revenue.
"We are very excited that this significant customer has been satisfied with our end of life services and is expanding our relationship with them", said Vito Buffone, President and CEO of the Corporation.
About SEL Exchange Inc.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Corporation cautions investors that any forward-looking information provided by the Corporation is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Corporation 's securities; the state of the industry; recent market volatility; the Corporation 's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Corporation is unaware of at this time. The Corporation expressly disclaims any obligation to update any forward-looking statements except as may be required by law.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Oct. 1, 2016 01:15 AM EDT Reads: 3,041
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Oct. 1, 2016 01:15 AM EDT Reads: 717
Oct. 1, 2016 12:15 AM EDT Reads: 1,423
Sep. 30, 2016 11:45 PM EDT Reads: 5,439
Sep. 30, 2016 11:30 PM EDT Reads: 759
Sep. 30, 2016 11:30 PM EDT Reads: 491
Sep. 30, 2016 10:45 PM EDT Reads: 509
Sep. 30, 2016 10:45 PM EDT Reads: 1,538
Sep. 30, 2016 10:00 PM EDT Reads: 1,262
Sep. 30, 2016 09:45 PM EDT Reads: 2,848
Sep. 30, 2016 09:30 PM EDT Reads: 4,122
Sep. 30, 2016 09:00 PM EDT Reads: 2,834
Sep. 30, 2016 09:00 PM EDT Reads: 4,062
Sep. 30, 2016 08:45 PM EDT Reads: 497
Sep. 30, 2016 08:30 PM EDT Reads: 3,200