SLM

Penfold Capital Acquisition IV Corporation (the "Corporation") (TSX VENTURE:SEL)
is pleased to announce that it has commenced operations in the United States
with its wholly owned subsidiary SEL Exchange USA, Inc. ("SEL") and will be
operating as SLM Logistics Corporation ("SLM").


SLM commenced operations in Murfreesboro, Tennessee, opening a 50,000 sq. ft.
facility 30 miles from Nashville. SLM will service the Corporation's American
based customers from the Tennessee facility. The opening of the Tennessee
facility will permit the Corporation to significantly reduce transportation
expense, time and will allow it to better serve its current customers American
operations. 


Since opening its facility, the Corporation has begun receiving consumer returns
from a major US retailer and has negotiated to begin servicing additional
product lines from this customer while servicing additional customers for its
end of life product management services. Some of the products that are and will
be serviced in the Tennessee facility are presently sent to land fill. The
Corporation estimates that approximately initially 25 truckloads per year will
be diverted from landfill and the various products will be salvaged and properly
recycled. The Tennessee facility will also provide its customers with technical
repair services presently conducted by the Corporation's wholly owned
subsidiary, Service Results Technology Inc. (SRT"). Both the SRT and SLM
services will be operated in the US under the SLM brand as one (1) entity. 


"Opening our Tennessee facility is a key milestone for SLM this year," said Vito
Buffone, President and CEO of the Corporation. "The expansion into the United
States came from our present customers' needs to help with their current asset
recovery and landfill issues. This expansion will allow SLM to better penetrate
the largest retail market in the world and will enable it to better serve all of
its customers' US based needs."


About Penfold Capital Acquisition IV Corporation

The Corporation, through its wholly owned subsidiaries SLM Logistics Corporation
and Service Results Technology Inc. is dedicated to managing consumer and retail
store returns and problematic electronics through a product management system.
The Corporations manage product warranties, service repairs, consumer returns
from receiving to end-of-life with quality assurance testing, factory servicing,
resale through non-traditional channels and recycling of non saleable product to
support a closed-loop distribution process. The Corporation is able to recycle
the non-saleable returns it receives, thereby allowing customer returns to have
a very low environmental impact. Independent Waste Audit Reports, since 2011,
show the Corporation is able to achieve a consistent waste diversion rate of
over 98.6%. This means brands using the Corporation's processes are able to
divert over 98.6% of their product from landfill. The Corporation is currently
working on rolling out this product offering to retailers to allow them to
capture the environmentally conscious consumer. The Corporation currently
operates only in Ontario and Tennessee.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Forward looking information is typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. The Corporation cautions
investors that any forward-looking information provided by the Corporation is
not a guarantee of future results or performance, and that actual results may
differ materially from those in forward looking information as a result of
various factors, including, but not limited to: the state of the financial
markets for the Corporation 's securities; the state of the industry; recent
market volatility; the Corporation 's ability to raise the necessary capital or
to be fully able to implement its business strategies; and other risks and
factors that the Corporation is unaware of at this time. The Corporation
expressly disclaims any obligation to update any forward-looking statements
except as may be required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vito Buffone
Chief Executive Officer
Email: vito.buffone@slm-logistics.com


Paul Haber
Interim Chief Financial Officer
Email: phaber@blackbirchcap.com

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