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Sourcely Announces Expansion in China

August 29, 2018

PHOENIX, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Sourcely Holdings, Inc., a leader in aftermarket mobile device parts and services, announced today that it has expanded its presence in Shenzhen, China. With this expansion, Sourcely recently opened its first office in the country to manage the development, logistics and supply chain of cell phone and mobile device parts manufactured in the country. The investment in China will produce higher quality parts, top-tier factory partnerships and a platform to scale international expansion.

The company signed several partnerships with leading factory assembly and component manufacturers. While specific facilities are not disclosed, these partnerships will provide aftermarket parts and testing for the cell phone and mobile device repair industry. Each part is hand tested and selected by an independent team, which will ensure components meet the high level of quality defined by the company.

“Shenzhen is a strategic location in the mobile device replacement parts industry,” said Nima Nojoumi, Sourcely co-founder and CEO. “Due to our investment in the region and the high number of manufacturing and assembly facilities, we are able to form partnerships with those who provide the highest quality of parts at the most competitive prices available.”

The factory partnerships with key manufacturers and assemblers will focus on the production and assembly of various screen replacement technology, including liquid crystal displays (LCD), organic light-emitting diode (OLED) displays, polarizing film, touch panel glass, backlights, integrated circuit chips, flexible printed circuits, frames and more.

“Our approach is to partner with factories by establishing consistent quality control processes,” said Andy Lombard, Sourcely COO. “Since we have established our office in China we have been maintaining less than 0.8% factory defect rate, which is one of the lowest in our industry.“

About SourcelyFounded in 2015 in Phoenix, Ariz., Sourcely Holdings, Inc., is a leading value-added solutions provider to the secondary mobile device industry. We actively control the supply chain to consistently deliver the right parts with the right quality to meet the exacting needs of our clients and their customers. Sourcely also provides unique services to build our customers’ business, including industry education, marketing support and access to a community of similar repair businesses across the country, all backed by a strong leadership and execution team committed to delighting our customers and elevating the mobile repair industry. www.sourcely.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expected or implied by the forward-looking statements.

Media ContactAl MaagMaagComm+Al.Maag@maagcommplus.com (480) 272-7671

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