PhoneX Holdings Inc (PXHI)

[blowing winds]

Third Quarter Revenues reach $1.6 Million, an Increase of 124 Percent

7th Consecutive Quarter of Sequential Revenue Growth

$24 Million Value of Consumer Electronic Devices Processed Since Launch

uSell.com (OTCQB: USEL), the first US-based reCommerce marketplace that instantly finds cash offers for used smartphones and electronics, announced today record results for the third quarter ended September 30, 2013.

Highlights:

Revenues of $1,636,386 in the third quarter of 2013, up 124% from revenues of $729,297 in the third quarter of 2012
7th consecutive quarter of sequential revenue growth
Gross margins above 90% for the 7th consecutive quarter
Operating loss of $843,100 in the third quarter of 2013, a $1,605,887 improvement from operating loss of $2,448,987 in the third quarter of 2012
Cash operating loss of $225,000 in the third quarter of 2013, a $475,000 improvement from cash operating loss of $700,000 in the third quarter 2012
Continued improved efficiency of marketing spend
Unique visitors reaching a record 1,000,000 monthly in September
$24 million value of consumer electronic devices processed to-date since launch in January 2012