Envela Corporation

Envela Corporation is a diverse re-commerce company. The Company's re-commerce businesses are conducted on both a retail basis and a wholesale basis through distributors, resellers, brick-and-mortar stores and online. The Company operates through two segments represented by its two subsidiaries: DGSE, LLC (DGSE) and ECHG, LLC (ECHG). DGSE segment operates the Dallas Gold & Silver Exchange, Charleston Gold & Diamond Exchange and Bullion Express brands, and primarily buys to resell or recycle luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver and other precious metals. ECHG segment owns and operates Echo, ITAD USA, CEX, Avail and Teladvance, through which it primarily buys and resells or recycles consumer electronic components and information technology (IT) equipment, and also provides end-of-life recycling services for products in a variety of industries.