Mr. Vito Buffone reports

SEL EXCHANGE INC. RELEASES THIRD QUARTER FISCAL 2014 FINANCIAL RESULTS

SEL Exchange Inc. has released its unaudited financial statements for the three and nine months ended June 30, 2014, and the related management's discussion and analysis of financial position and results of operations (MD&A).

For the quarter ended June 30, 2014, the company generated record revenues of $1,823,985, an 85-per-cent increase over the $986,279 generated in the same period last year. Revenues benefited from the acquisition of SRT which contributed $893,663 in the current quarter. Revenues for the nine months ended June 30, 2014, were $3,555,904 compared with $2,446,633 in the same period last year, an increase of 45 per cent. The company lost $178,555 or nil per share compared with a loss of $227,330 or one cent per share in the same quarter last year. For the nine months ended June 30, 2014, the company lost $40,950 or nil per share, compared with a loss of $184,640 or one cent in the comparable prior period.

In addition, the company is pleased to announce that it has hired Patrick Westfall as its full-time chief financial officer. Mr. Westfall was most recently the chief financial officer of Pacific Vector Holdings Inc. Mr. Westfall replaces SEL's interim part-time chief financial officer and he will continue to work to strengthen the company's financial reporting processes.

"The third quarter was very exciting for us," said Vito Buffone, president and chief executive officer. "We were extremely pleased with the opening of our United States-based facility and are very excited about the level of business we have started to do in the U.S. We look forward to reporting the first operational results for the U.S. facility when we report our year-end numbers."

Copies of the unaudited financial statements and related MD&A can be found on SEDAR.

We seek Safe Harbor.