usell.com, Inc. (OTCMKTS:USEL) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.

Item 8.01 Other Events.

On December 22, 2016, Messrs. Brian Tepfer, Chief Executive Officer of We Sell Cellular LLC and a director of uSell.com, Inc. (the “Company”) and Scott Tepfer, President of We Sell Cellular LLC, each sold 500,000 shares of common stock of the Company at $1.00 per share to an investment fund (the “Purchaser”) and each issued to the Purchaser a five-year option to purchase an additional 500,000 shares of common stock of the Company at a $1.00 per share. The securities were sold in a private transaction which was initiated by an investment fund that has investment power on behalf of the Purchaser. As an inducement to the Purchaser, the Company granted demand and piggy back registration rights to the Purchaser and another shareholder of the Company over which the investment fund exercises investment power. If the registration rights are exercised, the two investment funds will pay the legal and other expenses of the Company and only exercise such demand rights at a time when the Company is obligated to file its Form 10-K or a Form 10-Q.

About usell.com, Inc. (OTCMKTS:USEL)

uSell.com, Inc. (uSell) is a technology-based company. The Company focuses on extracting the value from used mobile devices. It acquires products from both individual consumers, on its Website, uSell.com, and from carriers, retailers and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed across the world, which leverages an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion. The Company, through uSell.com, allows individual consumers to find cash offers for their items based on the make, model, and condition of each item. Upon accepting an offer, consumers can ship their devices for free using either a prepaid shipping kit or shipping label, and then track the progress of their orders online from initiation to final payment of their devices.

usell.com, Inc. (OTCMKTS:USEL) Recent Trading Information

usell.com, Inc. (OTCMKTS:USEL) closed its last trading session 00.000 at 0.522 with 200 shares trading hands.