SEL Exchange Inc.

August 19, 2014 11:12 ET

SEL Exchange Inc.: U.S. Business Signs Distribution Agreement

TORONTO, ONTARIO--(Marketwired - Aug. 19, 2014) - SEL Exchange Inc. (formerly Penfold Capital Acquisition IV Corporation) (TSX VENTURE:SEL) (the "Corporation") is pleased to announce that its US operating subsidiary has entered into a distribution agreement with Price Point Promotions Inc. ("Price Point").

Price Point will provide the Corporation with access to over 25,000 secondary retail outlets for sale of product acquired by the Corporation or generated by its end of life customers. The Corporation has already completed its first sale with Price Point having sold 7 truckloads of consumer appliances for proceeds of approximately $100,000.

"We continue to see significant traction and progress at our recently opened US based facility," said Vito Buffone, President and CEO of the Corporation. "With this distribution agreement in place we believe we are well on our way to achieving significant growth in our business."

The Corporation would also like to announce that it has entered into a consulting agreement with an arm's length party (the "Agreement"). Pursuant to the terms of the Agreement, which expires on November 30, 2014, the consultant will be providing consulting services in connection with the Corporation's marketing strategies. The Corporation has agreed to pay the consultant a fee of $40,000 of which $10,000 will be satisfied through the issuance of an aggregate of 100,000 common shares in the capital of the Corporation at a deemed price of $0.10 per share.

About SEL Exchange Inc.

The Corporation, through its wholly owned subsidiaries SLM Logistics Corporation, and Service Results Technology Inc. is dedicated to managing consumer and retail store returns and problematic electronics through a product management system. The Corporations manage product warranties, service repairs, consumer returns from receiving to end-of-life with quality assurance testing, factory servicing, resale through non-traditional channels and recycling of non saleable product to support a closed-loop distribution process. The Corporation is able to recycle the non-saleable returns it receives, thereby allowing customer returns to have a very low environmental impact. Independent Waste Audit Reports, since 2011, show the Corporation is able to achieve a consistent waste diversion rate of over 98.6%. This means brands using the Corporation's processes are able to divert over 98.6% of their product from landfill. The Corporation is currently working on rolling out this product offering to retailers to allow them to capture the environmentally conscious consumer. The Corporation currently operates only in Ontario and Tennessee.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Corporation cautions investors that any forward-looking information provided by the Corporation is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Corporation 's securities; the state of the industry; recent market volatility; the Corporation 's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Corporation is unaware of at this time. The Corporation expressly disclaims any obligation to update any forward-looking statements except as may be required by law.

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