SCOTTSDALE, AZ / ACCESSWIRE / September 13, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today announced that Claudia Kretchmer has been named as Artistic Director of Jewelry for its Consumer Division. In this newly created role, Kretchmer will direct the Company's design of sustainable jewelry and luxury accessories.

"Claudia is a highly accomplished and widely recognized designer in the jewelry industry, with an impressive work portfolio and profound understanding of iconic design," stated Allison DeStefano, Envela's Consumer Division head. "In this new role, Claudia will spearhead the creative vision for our jewelry designs, and lead our design team toward seamless innovation, impeccable design, efficient product-prototyping, and flawless manufacturing processes," added DeStefano.

Kretchmer is a fourth-generation, award-winning jewelry designer who uniquely combines her passions for astrophysics and jewelry design. Initially pursuing Physics and Astrophysics as an undergraduate at the University of California, Berkeley, she later earned a Masters in Astrophysics from The Johns Hopkins University. During her graduate studies, she developed a fascination for exploring galaxy evolution and conducted research at observatories in Arizona, Hawaii, and Chile, and using the Hubble Space Telescope.

During a break from her PhD studies to lead the family business, Steven Kretchmer, Inc., she won the Town & Country Couture Design Awards with her first solo design, The Star Pendant, in 2007. Since then, Kretchmer has received numerous design awards, including the prestigious AGTA Spectrum Award and the WJA Excellence in Design Award in 2016.

When not designing, Kretchmer spends her time supporting Bad Girls Do Good Things, a charity focused on raising funds for cancer awareness and treatment. She also serves as a board member for The Johns Hopkins University, and acts as an Ambassador for The Arizona Foundation for Women.

About Envela

Envela is a leading provider of re-commerce services at the forefront of the circular economy. The Company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online sites that offer premium brands and luxury hard assets, while the Commercial segment provides personalized re-commerce solutions to meet the needs of various clients, including Fortune 500 companies. At Envela, we execute with passion and meticulous attention to detail.

At Envela, we Reuse, Recycle, and Reimagine. To learn more, visit Envela.com and follow our social media channels on Twitter, Instagram, Facebook, and LinkedIn.

Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, including statements regarding acquisitions, financial outlook, and the potential future success of business lines and strategies. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, market conditions and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

Investor Relations Contact:


Investor Relations

1901 Gateway Drive | Irving, TX 75038

investorrelations@envela.com

SOURCE: Envela Corporation