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Sims Recycling Solutions Launches Consumer Cellphone Buyback Business

Oct 01, 2013

mobile phone refurbishment

Zombie Phone service will pay consumers for their dead devices

Sims Recycling Solutions, the global leader in electronics reuse and recycling, today announced it has launched Zombie Phone, an online service that allows individuals to sell their used cellphones and receive payment directly from Sims.

To begin the buyback process, visitors to the Zombie Phone website select their current wireless carrier and identify the make, model and condition of their phones. Based on this information, an offer is instantly calculated.

If consumers decide to accept the Zombie Phone offer they can ship their devices for free by either requesting a padded envelope which Zombie Phone refers to as a “body bag”, or printing a prepaid shipping label and shipping the device to Sims Recycling Solutions’ West Chicago, Ill., facility for processing. Upon arrival, all cellphones are automatically checked against the CheckMEND database to determine whether they were reported lost, stolen, or being blocked by a wireless carrier. Devices with resale value will undergo secure data erasure and refurbishment. Devices that cannot be repaired will be dismantled, the reusable components recovered and all remaining materials recycled. The website can be accessed at www.zombiephone.com.

“Industry experts estimate that Americans typically hold on to their cellphones for only two years, which is one reason why 141 million mobile devices were ready for recycling, according to the U.S. EPA’s most recent figures,” stated Steve Skurnac, President, Sims Recycling Solutions. “Unfortunately, only 11.7 million of those devices were collected for recycling. We know from experience that concerns about data security and a lack of awareness about available recycling options contribute to this low recycling rate. Zombie Phone gives consumers a convenient way to securely and responsibly recycle their cellphones and make a little extra money while doing it.”

Consumers can choose to receive their payments by means of direct bank transfer or check, or they can donate their money to the Wounded Warrior Project, which provides programs and services to severely injured service members.

Sims Recycling Solutions

Sims Recycling Solutions (us.simsrecycling.com) is the global leader in electronics reuse and recycling, offering customers in every business sector comprehensive recycling services out of our 42 owned and operated sites across the globe.

 

Sims Recycling Solutions – owned by Sims Metal Management, a publicly traded company – has the global reach, expertise and infrastructure necessary to guarantee our customers that their data is secure, their electronic equipment is processed in an environmentally responsible manner, their reputation is protected and their compliance risks are eliminated.

 

In North America, Sims Recycling Solutions operates 16 sites in Arizona, British Columbia, California, Florida, Illinois, Maryland, Nevada, New Jersey, Ontario, Quebec, Tennessee and Texas.

Cautionary Statements Regarding Forward-Looking Information
This release may contain forward-looking statements, including statements about Sims Metal Management’s financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project” and other similar words and expressions.

These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission (“SEC”), including the risk factors described in the Company’s Annual Report on Form 20-F/A, which we filed with the SEC on 18 March 2013.

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.

All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

All references to currencies, unless otherwise stated, reflect measures in Australian dollars.

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