Press Release: uSell : uSell.com Raises $4.8 Million and Signs Contract to License Technology to Major Wireless Distributor

uSell.com (OTCQB: USEL), a large market maker of used smartphones, announced today the signing of a contract to license its online platform to Brightstar, one of the largest service providers to the connected device industry. The Company simultaneously raised $4.8 million in 5% convertible notes and refinanced its debt with a new senior lender at a substantially lower cost of capital.