RCS Reports Strongest Quarterly Volume and Profits Since 2008

TEL AVIV, Israel, May 11, 2011 /PRNewswire/ -- RCS Limited (http://www.rcs.com), the world's largest international trader of cellular phones, digital cameras and other portable electronics, announced today that the company's first quarter results showed a 35% increase in turnover and 44% increase in profit in international distribution across the RCS product spectrum. The robust results mark the best individual quarter for RCS since 2008.

Despite the ongoing, slow economic climate, RCS' results are a clear indication of increased market share in its core markets - cellular phones, digital cameras and computers; and the company's leadership position in the emerging teablet computing device market.

"We are extremely pleased with the first quarter results and anticipate that this growth trend will continue. As the global recession dissipates, we anticipate that trading for cellular phones, as well as other products offered through the RCS trading platform, will return to pre-recession levels" said RCS President Rami Feller.

"For over 15 years, RCS has been a global pioneer and leader in the parallel trading market for cellular phones and portable electronics and because of our organizational depth and global reach, we have been able to navigate the company to pre-recession activity levels and profit levels," Feller added.

In addition to cellular phones, RCS unique trading platform is the hub of global trade in the international markets of digital cameras, laptops, tablets and computer components and other portable electronics.

About RCS

RCS, a privately held company established in 1995, is the world's largest international trader of cellular phones, digital cameras and other portable electronics. The company's international sales team maintains strong connections with over 3,000 manufacturers, operators, distributors and wholesalers of cellular phones, digital cameras, game consoles, LCDs, portable media devices and original accessories in 128 countries, enabling it to source and close deals at the best possible price in the shortest possible time.

The company's sophisticated website (http://www.rcs.com) offers the industry's leading online trading platform, with its continuous selection of offers, requests and auctions. Thousands of buyers and sellers from around the world use this online platform daily to close lucrative deals, backed by RCS' superb logistics.

With over 30 professional sales agents, and 20 logistics experts, RCS is unmatched in its trading capabilities. The main offices are in the Isle of Man, Israel, United States, United Kingdom, Italy, the Netherlands and Australia.

    For additional information contact:

    Bluma Nussbaum
    T: +972-3-615-9999 ext. 330
    E: [email protected]

SOURCE RCS Limited

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED