Envela's NYSE Bell Ringing Event Postponed Due to Weather

Rhea-AI Summary

Envela Corporation has officially postponed its NYSE bell ringing event due to severe weather affecting travel in Texas and the U.S. The new date for this event will be announced once finalized. Envela, known for its leadership in the North American re-commerce sector, aims to promote a circular economy and encourages participation in the re-commerce revolution.

Envela operates through two main segments: DGSE, which focuses on retail sales of luxury hard assets, and ECHG, which specializes in re-commerce of consumer electronics and IT equipment. The company emphasizes sustainability and the financial benefits of re-commerce for both consumers and manufacturers.

Positive

• Envela is recognized as a leader in the North American re-commerce market.
• The company promotes sustainable practices through its focus on a circular economy.
• Both of Envela's business segments, DGSE and ECHG, have shown growth over multiple years.

Negative

• None.

DALLAS, TX / ACCESSWIRE / February 1, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), the North American re-commerce leader, today announced that due to the severe weather impacting travel in Texas and throughout the United States, the Company has officially postponed its NYSE bell ringing scheduled for tomorrow afternoon. Envela is working with the NYSE to reschedule this event soon, and that date we will be announced when it becomes available.

Tomorrow on Groundhog Day, for a healthier planet we hope everyone will remember to promote a circular economy and join our re-commerce revolution. Please follow our social media channels on Twitter, Instagram, Facebook, and LinkedIn.

About Envela
Envela is the North American re-commerce leader, enabling a better world through the circular economy. It empowers buyers and sellers to extend the useful lives of specialty and durable goods; and seize retail, recycling, and reverse-logistics supply-chain opportunities. This financially benefits consumers and manufacturers alike. Envela operates primarily via two re-commerce business segments, DGSE and ECHG. DGSE (Envela's B2C portfolio) operates retail stores and online sites offering luxury hard assets and precious metals, including gold, silver, and diamonds. ECHG (Envela's B2B portfolio) re-commercializes consumer electronics and IT equipment, and provides end-of-life recycling services for products in a variety of industries. Envela conducts its re-commerce operations at retail and wholesale levels, through distributors, resellers, dedicated stores, and online. Holdings in all of Envela's business units have recognized multiple years of growth.

At Envela, we Reuse, Recycle, and Reimagine. To learn more, visit Envela.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, including statements regarding financial strength, acquisitions, and the potential future success of business lines and strategies. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, market conditions and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

Investor Relations Contact:

Investor Relations
1901 Gateway Drive | Irving, TX 75038
investorrelations@envela.com

SOURCE: Envela Corporation

View source version on accesswire.com:
https://www.accesswire.com/737802/Envelas-NYSE-Bell-Ringing-Event-Postponed-Due-to-Weather

FAQ

Why was Envela Corporation's NYSE bell ringing event postponed?

The event was postponed due to severe weather impacting travel in Texas and throughout the United States.

When will Envela Corporation reschedule its NYSE bell ringing event?

The new date for the NYSE bell ringing event will be announced once it is finalized.

What is Envela Corporation's focus in the re-commerce sector?

Envela focuses on promoting a circular economy and enabling the extension of useful lives of goods through its re-commerce operations.

What are the main business segments of Envela Corporation?

Envela operates mainly through two segments: DGSE, which deals with luxury hard assets and precious metals, and ECHG, which handles consumer electronics and IT equipment.

How does Envela Corporation impact the environment?

Envela promotes sustainability by encouraging recycling and the re-use of products through its circular economy model.