FORT LAUDERDALE, Fla., July 11, 2011 (GLOBE NEWSWIRE) -- Upstream Worldwide, Inc. (OTCBB:UPST), a leading cash commerce platform specializing in purchasing consumers' goods in exchange for cash, today announced that it will now help consumers find the highest cash offers from top-rated buyers of cell phones and electronics, a strategic shift from the company's traditional role in the electronics buyback market as a direct buyer.
As part of this shift, uSell has partnered with EcoSquid.com, a website that objectively displays and ranks options for trading in or recycling old electronics. With its new capabilities, uSell will continue to help consumers turn used or unwanted electronics into cash but in a new way: by instantly finding the highest cash offers from top-rated buyers and then directing them to the buyer's website.
"When we examined the cash for electronics market, we realized we could help consumers in a major way by combining our ability to drive volume and scale with the model of offering a comparison," said Douglas Feirstein, Co-Founder and CEO of uSell. "Everyone needs extra cash these days and we're committed to helping consumers get the very best price for all of their used or unwanted gadgets."
Consumers can offer up a myriad of electronics to sell, including cell phones, tablets, mp3 players, digital cameras and much more. After selecting which service they want to use, uSell will direct the seller to the buyer's website. The buyer will then purchase the unwanted items directly from the seller, providing them fast payment. With all electronics, once all personal data is erased, they will either be refurbished or recycled depending on their condition.
Convenient and secure, uSell helps consumers avoid the hassle and risk of peer-to-peer sales channels such as eBay and Craigslist. And uSell's 100% Max Cash Guarantee™ ensures consumers get the most cash for their items or uSell will pay them the difference.
About uSell.com
uSell.com is the Cash Commerce Platform. uSell finds the highest cash offers from top-rated buyers for your cell phones and electronics – and everybody needs extra cash. uSell's 100% Max Cash Guarantee ensures you get the most cash or we'll pay the difference. uSell is a subsidiary of Upstream Worldwide, Inc., a publicly traded company headquartered in Ft. Lauderdale, FL. Cash Commerce Platform and Max Cash Guarantee are Trademarks of uSell and Upstream. For more information please, visit www.uSell.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements including expected revenue growth from cellular phones and small consumer electronic items, our beliefs regarding developing a sustainable business model moving forward, potential market and growth of the consumer electronics business and the potential to generate improved cash flows in the future. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include competition, our relationships with our partners, and the continued willingness of people to use us to recycle their cell phones. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K filed for the year ended December 31, 2010. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.