Cell Phones Valued at More Than $300 Million Tucked Away Every Month

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U.S. Consumers retire over 11 million cell phones every month. CellForCash.com wants to buy them all.

Last year, according to the Consumer Electronics Association, U.S. consumers purchased some 104 million cell phones for a total of $13.5 billion. Over the next 18 months those cell phones, all 104 million, will be retired.

CTIA - The Wireless Association puts the total number of U.S. cell phone users over 200 million. The industry estimates that the average U.S. wireless user upgrades their old cell phone every 18 months. That means consumers purchase 11 million new cell phones every month.

That’s a lot of cell phones. But what makes those numbers even more dramatic is that many of those fancy new cell phones will be replacing older model phones – phones that work fine but don’t have all the bells and whistles of the shiny new models.

So what happens to all those old-model cell phones, anyway? James Mosieur, chief executive officer of RMS Communications Group Inc., hopes they find their way into his mailbox.

RMS is one of the nation’s leading recycler and re-marketer of old cell phones. The company actually pays cash to people who sell their old phones to RMS via their website, http://www.CellForCash.com.

“For almost every new cell phone purchased, one is retired” said Mosieur. “We estimate that over $300 million worth of cell phones are collecting dust when they should be collecting interest.”

Surveys suggest that less than 10% of U.S. consumers dispose of their old cell phones either by selling them or through other recycling methods. This leaves over 10 million cell phones to pile up every month in the homes of America.

“Currently our average pay out per cell phone is just over $30” said Mosieur, “when you multiply that by the number of cell phones retired every month, that’s a huge number.”

"The numbers say it all-the consumer electronics industry is hot," said Gary Shapiro, the Consumer Electronics Association's president and chief executive officer. According to CEA, wireless handset sales will reach $16 billion in the U.S. next year.

The growing problem has caught the attention of lawmakers across the country. Several states are considering legislation mandating cell phone recycling. California is the first state to pass such a law. Beginning this July it will be unlawful for a retailer to sell a cell phone in the State of California unless they have a comprehensive recycling program in place.

“CellForCash.com offers a complete consumer solution” said Mosieur. “Our program satisfies the needs of the consumer, the retailer and the legislators.”

About CellForCash.com

CellForCash.com pays cash for used cell phones, and makes the process simple by displaying the phones it will buy and the prices it will pay for them right on the web site. It also provides sellers with already-addressed, postage-paid mailing boxes. The site lists over 500 models from 21 manufacturers including Motorola, Nokia and Samsung. For more information visit the web site at http://www.CellForCash.com.

About RMS Communications Group Inc.

Based in Ocala, Fla., RMS Communications Group Inc. provides consumers and businesses a convenient way to get cash for cell phones that otherwise lay idle. Phones may qualify regardless of manufacturer – Motorola, Nokia, LG, etc.; or service provider - Sprint, Verizon, Cingular, T-Mobile, etc. The company often partners with non-profit organizations that find the collection and sale of old cell phones to be an excellent source of revenue. More information can be found at http://www.CellPhoneRecycling.com.

Contact:

Conrad Melancon

President

800-627-2022

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