Completes Acquisition of Smartphone Wholesaler We Sell Cellular

Spotlight Companies |

In the age of technology, our society has grown increasingly fickle. Those latest and greatest smartphones and tablets that rival laptops and televisions in cost and specs will most likely be shuffled to the side for the next latest and greatest product in a mere nine to twelve months. Those discarded devices will have to settle for one of two fates: being traded in for a fraction of what was spent on the device; or worse, end up in a landfill.

Consumer technology, once considered an investment purchase, has become disposable. With constant yearly upgrades available in the mobile and home computer market, how can an environmentally conscious society reduce plastic waste and keep up with the latest mobile trends? That question is at the heart of (USEL). The US-based company has recently completed a major deal that will bring much needed relief to consumers and the environment.

uSell, the leading US-based recommerce marketplace that instantly finds cash offers for used smartphones and electronics,announced that the company has acquired We Sell Cellular LLC, a top tier smartphone wholesaler, in exchange for 9.36 million shares of common stock. With We Sell Cellular having achieved trailing 12 month revenues of $61 million with adjusted EBITDA of $2.8 million, the combined company will be cashflow positive from day one, and on a steep growth trajectory.

"This is a watershed moment for our company," said Nik Raman, CEO of uSell. "The combination of We Sell Cellular's financial strength, access to supply and expertise, and uSell's technology, buyer network, and access to capital is extremely synergistic, and provides the combined company with opportunities that were previously unavailable to us separately. We Sell Cellular has built a strong brand in the wholesale industry due to its highly accurate triage methods and its track record of great service. uSell has built industry-leading marketplace technology as well as a platform to make the triage process more efficient. uSell's technology can help We Sell Cellular to scale more efficiently, while extracting maximum value from used devices."

A New Way to Cash in on Used Devices

Transforming the way people change up their technology, uSell has simplified the way people sell their used devices. Unlike popular resale outlets, such as eBay (EBAY) and Craigslist, uSell creates a marketplace where sellers are presented offers from professional buyers instead of anonymous users. Furthermore, there are no hidden fees or haggling. The primary business of We Sell Cellular is to buy used smartphones that have been traded in with the major carriers and the big box retailers, fully inspect and triage these devices, and then sell these devices wholesale and retail. uSell’s transformational deal with We Sell Cellular places uSell in a prime position to take advantage of new purchasing trends.

"The deal with We Sell Cellular enables us to leapfrog our competitors that are focused on a pure direct-to-consumer model," said Raman. "The decision by Verizon (VZ) to eliminate subsidies and the recent announcement by Apple (AAPL) to offer its own leasing and early upgrade program will result in significant expansion in the wholesale trade in market. uSell will be in prime position to take advantage of these trends over the next 18 months."

The relationship between uSell and We Sell Cellular began in the second quarter of 2015. The company expanded into the wholesale trade-in market with the launch of its uSell Auctions platform, where We Sell Cellular was an early participant.

What’s good for customers (and the environment) is good for business. Together, uSell’s marketplace and efficient platform working in tandem with We Sell Cellular’s talent and supply access, presents promising growth prospects by getting customers cash fast and keeping those perfectly working phones out of landfills.

For more information about uSell, visit For more information about We Sell Cellular, visit

Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
AAPL Apple Inc. 117.06 -0.06 -0.05 24,125,801
EBAY eBay Inc. 29.02 -3.50 -10.76 52,625,226
VZ Verizon Communications Inc. 49.14 -1.24 -2.46 27,098,224


Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets


Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…