SEL Exchange Showcased in Video News Alert Summary on InvestmentPitch.com

July 15, 2014 3:47 PM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2014) - SEL Exchange (TSXV: SEL), which until recently traded under the name Penfold Capital Acquisition IV, retaining the name of the Capital Pool Company that acquired SEL Exchange as its Qualifying Transaction back in May 2013, is showcased in a video by InvestmentPitch Media.

InvestmentPitch.com has produced a "video news alert" discussing SEL Exchange. If this link is not enabled, please visit www.InvestmentPitch.com and enter "SEL Exchange" in the search box.


If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_3qh7f8zn/SEL-Exchange-TSXV-SEL-Showcase-Company--July-11-2014

The company, through its wholly-owned subsidiary, SLM Logistics, operates in a sector we rarely think about when we return appliances and tools to the store.

Where do these products go?

Since 2004, the company has been providing what is called reverse logistics and end of product life management services for products such as consumer electronics, housewares, small appliances and heater units. The company manages product warranties, service repairs, and consumer returns, which involves quality assurance testing, factory servicing of returns, repackaging and resale of returns through non-traditional channels and recycling of non-saleable items.

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

In fact, Independent Waste Audit Reports show that since 2011 SLM Logistics consistently diverts more than 98.8% of their product from landfill, giving their customers the satisfaction of knowing they have a very low environmental impact.

In April, the company acquired Markham, Ontario-based Service Results Technology, which has been providing high-end electronic service and repair to many large global manufacturers for more than 20 years. This gives the company an entry into a related vertical market, and the ability to offer value added services to a new local and global customer base. The purchase price of $5 million consisted of $3.5 million in cash, a 12% convertible debenture for $500,000 and 10 million common shares.

SEL Exchange has reported record sales in both the first and second quarters and anticipates this new acquisition will lead to significant increases in both revenue and profitability. Net income before taxes reached $137,600 for the 6 month period ending March 31st 2014 an increase of 172% over the $87,100 reported for the same period in 2013.

The company announced the addition of a second shift at its Brampton, Ontario facility and anticipates it will generate an additional $1 million in revenue when it is fully implemented within 8 to 18 months.

Currently, the company operates only in Ontario, but plans to open a facility in the United States, as many of its existing Canadian clients operate in the U.S. and have indicated a willingness to contract for SLM's services in the U.S. It has already chosen a location, and is currently in negotiations with the state government for various tax and other economic incentives.

The shares are trading at $0.11, and with 56.8 million shares outstanding, the company is capitalized at $6.2 million.

For more information, please visit the company's website www.slm-logistics.com or contact Vito Buffone, President & CEO by email at vito.buffone@slm-logistics.com.

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