Phone Karma is an existing San Jose-based provider of cellular phone trade-in and recycling services for individuals and small businesses across the United States. Since January 2013, PhoneKarma.com has offered an online portal that allows small businesses in the cellular phone industry to operate an in-house mobile device trade-in program. Retailers can view the Company's current market prices for iPhones, Androids, Blackberrys, or other models and conditions, and can purchase used devices (even tablets) from customers at rates slightly below these guaranteed sale prices. The retailer will then sell the used devices to PhoneKarma.com at the stated rates, retaining a small profit for each sale. The Company will thereafter work with its network of used phone and mobile device buyers in the U.S., Asia, Europe, Canada, and Australia to sell the used items in bulk for refurbishment or recycling. As it moves into the next phase of development, PhoneKarma.com will work to achieve numerous operational milestones that include the launch of its campus fundraising program and the national expansion of its Sales Agent Network. The Company will utilize a variety of marketing tactics designed to expand its exposure among key target audiences, including a strong online presence and ongoing direct sales efforts. PhoneKarma.com intends to quickly achieve its goals and bolster its reputation for excellence. PhoneKarma.com is led by owners Ian Page, Cindy Page, Gabe Grantham and Eric Racheff. The Company's executive team offers a broad entrepreneurial skill set bolstered by extensive experience in sales, business development, marketing, finance, and leadership. As PhoneKarma.com moves into its next development phase, the owners will continue to transform the cellular re-commerce space through their extreme attention to ethics, compliance, user experience, and client satisfaction.