CellForCash.com’s Annual Cell Phone Purchases Top $1 Million For First Time

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Just three years old, CellForCash.com has grown steadily, this year purchasing $1 million worth of used cell phones by early November.

CellForCash.com, a web site that pays cash for old, unwanted cell phones, announced today that 2005 phone purchases have passed the $1 million mark, the first time that annual purchases have surpassed the million dollar mark.

James Mosieur, chief executive officer of RMS Communications Group Inc., CellForCash.com’s parent company, said the million-dollar milestone was passed in early November. He said the growth of cell phone purchases has been strong and steady since the website was found in 2002.

“CellForCash.com is the leader in the used cell phone industry, and the volume of phone purchases has grown virtually every month,” Mosieur said. “Reaching $1 million in annual purchases is an important milestone, and we expect our growth to continue on a fast track.”

Mosieur said CellForCash.com will aggressively protect its leadership position in the industry. The company recently announced that it would increase the amount of money it pays for more than 350 used cell phone models.

“The enhanced pricing policy indicates that we intend to maintain our leadership position and give all the value we possibly can for good used cell phones,” he said.

CellForCash.com was founded in 2002, the first web site to offer cash for used cell phones. In the three years since, the web site has purchased more than 200,000 used handsets.

It offers cash for more than 500 different models of used cell phones. Prospective sellers can go to the CellForCash.com website, look up the model that they would like to sell, and immediately see what the company will pay. Prices range from a few dollars to well over $100 for each phone.

CellForCash.com pays cash for the old cell phones, pays for their shipping, and then recycles and re-markets them throughout the world. The company recycles more than 75,000 used cell phones every month.

While CellForCash.com was the first web site to be developed by RMS, a number of others have followed. One, http://www.WirelessFundraiser.com, provides cash to non-profit organizations that collect and send in old cell phones. Another, http://www.RecycleForUS.com, is an environmental initiative that helps companies, government agencies and other groups and individuals collect and recycle old cell phones. The newest RMS website, http://www.911CellPhoneBank.com, donates about 1,000 cell phones every month to law enforcement and other agencies for use as 911 emergency phones.

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. Its QuickShip option makes the process even faster. 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.RMSComm.com.


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