usell.com, Inc. announced record activity on its Internet marketplace as consumers trade in their existing phones in order to purchase the new iPhone 5. Consumers are increasingly using USEL's platform to monetize their smartphones as carriers have been scaling back subsidies offered with cell phone plans, driving consumers to seek alternative ways to subsidize the cost of a new handset. USEL's proprietary web portal consists of a network of professional buyers who compete to purchase cell phones and other electronics from consumers. The portal has a very simple and intuitive interface, allowing the seller to quickly find the best price.

The Company's simple model provides an avenue for consumers to easily find the best price when parting with their unwanted electronics.