NextWorth Trade-In Program Provides Apple iPhoneTM Owners a Free Upgrade to iPhone 4TM

Program Provides Customers a No-Hassle Way to Trade-In Their 3Gs iPhone ^TM and Covers the Full Subsidized Price of Upgrading to the New iPhone 4^TM

LAWRENCE, Mass.--(BUSINESS WIRE)--NextWorth (www.NextWorth.com), a leading player in consumer electronic upgrade and trade-in programs, announces its new trade-in program for Apple iPhone^TM owners that covers the full subsidized price of upgrading from the current iPhone 3Gs to the new iPhone 4.

“Existing iPhone owners have no excuse not to upgrade today. However, they shouldn’t wait too long, as prices are dynamic and are subject to change”

Currently, NextWorth customers can receive between $208 and $260 for their 16GB iPhone 3Gs^[1] when trading in their iPhone through the service. With the new 16GB iPhone 4 prices starting at $199^[2], trade-in amounts will fully cover the cost of an upgrade – plus extra cash for accessories.

“Existing iPhone owners have no excuse not to upgrade today. However, they shouldn’t wait too long, as prices are dynamic and are subject to change,” said Dave Chen, CEO of NextWorth. “Consumers can lock in our high trade-in prices with NextWorth for up to 21 days and upgrade to the coolest and most functional iPhone yet when it is released for pre-order on June 15th.”

NextWorth provides attractive trade-in value for every Apple iPhone model – new or used. iPhones purchased by NextWorth in any condition will be refurbished and resold by NextWorth, keeping the used devices out of the waste stream, thereby promoting reuse and recycle.

Trading in an old iPhone is simple, with current market values and the condition of the device determining the trade-in value. NextWorth customers visit www.NextWorth.com, enter the model, condition and any original accessories that may be included in the trade, and a value is instantly displayed. If customers accept this value and completes the trade-in process, a free shipping label is provided to ship the iPhone to NextWorth. Once received, NextWorth examines the product, verifies the estimate and sends the customer payment in the form of a check, PayPal, or a Target Gift Card, normally within seven to fourteen days after examination. Customers can also trade-in their iPhones at major participating online retailers managed by NextWorth, such as Target.com and J&R.com. Military personnel can utilize the AAFES online store managed by NextWorth to trade-in their current iPhone. For customers located in NYC metropolitan area, they can receive instant payment, for their iPhones trade-ins at J&R Music and Computer World’s store conveniently located in downtown Manhattan.

A list of additional participating retailers and more information on NextWorth can be found on the company’s website. In addition to iPhone trade-ins, NextWorth also offers trade-in services for Apple iPods and iPads, cell phones, eBook readers, Laptops, digital cameras, GPS systems, movie DVDs, video games and video game consoles.

[1] Prices for 16GB 3GS iPhone listed in “Normal Wear” and “Like New” condition, respectively, with all of the original accessories. These two categories account for the vast majority of all phones traded-in. Trades are also accepted for more heavily worn, broken, and “New in Box” iPhones as well. Prices are dynamically generated based on market conditions. Quoted buy price reflected as of 6/8/10 and are subject to change.

[2] Requires new two-year AT&T wireless service contract. Existing AT&T customers should use www.apple.com/iphone/buy to find out if they are eligible for early upgrade pricing.

About NextWorth

Headquartered in Lawrence, Massachusetts, NextWorth is a leading player in consumer electronic upgrades and trade-ins. NextWorth helps people Stop Depreciation™ by facilitating the sale and trade-in process for 10 different product categories including leading products such as iPads, iPods, iPhones online and through select retailers. NextWorth strives to create hassle-free, high-value exchanges to ease the upgrade process for consumers. For more information on NextWorth and their services visit www.NextWorth.com.

“iPhone,” "iPod," “iPad,” "Apple” and the Apple Logo are registered trademarks of Apple Computer Inc. NextWorth is not in any way an authorized dealer, distributor, affiliate, or partner of Apple Computer Inc. All other brands mentioned and trademarks displayed herein are the property of their respective holders.