Gazelle Offers 40-Day Price Lock Guarantee

BOSTON, MA--(Marketwire - Sep 24, 2012) - Gazelle, the nation's leading high-end consumer electronics trade-in site, today announced that, in response to the delivery delays for the iPhone 5, it has extended its industry leading price lock program to 40 days, allowing consumers to take full advantage of the market value of their used iPhone.

"Historically, we've seen the value of used iPhones and other smartphones drop by up to 25 percent in the week following an iPhone launch," said Sarah Welch, chief marketing officer, Gazelle. "At Gazelle, we're dedicated to providing an awesome customer experience. We want to be sure our customers have the best of both worlds: the opportunity to lock in at today's value while also keeping their current phones until the new one is in hand. To continue to deliver on that promise, we're extending our industry-leading price lock guarantee to allow customers who lock in their offer this week to deliver their old iPhones to Gazelle up to 40 days after locking in their offer."

After the official launch of the iPhone 5 on Friday, September 21, Apple reported more than 5 million devices were sold. Consumers have been told the delivery of the device could take three to four weeks from Apple; AT&T, Verizon and Sprint are reporting similar delivery delays.

To take advantage of the extended price lock program, simply go to Gazelle.com, select "iPhone," tell us what model and carrier you have, and the condition of your phone. We'll quote you a price and send you shipping materials for free. Between September 20 and 28, 2012, customers who complete an online trade-in will have 40 days to deliver their phone to Gazelle in order to receive the full value of their offer. Consumers are under no obligation to send in their phone.

For more information on Gazelle's extended price lock guarantee, visit www.gazelle.com.

About Gazelle
Gazelle (www.gazelle.com) is the nation's leading high-end consumer electronics trade-in site, providing an easy, fast and safe way for consumers to get cash for their unwanted devices. Gazelle takes the risk and effort out of selling electronic gadgets online with benefits such as free shipping and packaging and comprehensive identity and data removal. To date, Gazelle has helped hundreds of thousands of consumers trade in their used gadgets to upgrade to the latest technology and earn quick cash. Based in Boston, Gazelle is privately owned and is backed by premier venture capital firms Venrock Associates, RockPort Capital Partners, Physic Ventures and Craton Equity Partners.

Gazelle is a trademark of Gazelle, Inc., registered in the U.S. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. Gazelle is not affiliated with Apple.