E-Waste Systems Inc. (EWSI) is our New Report! Hurry up and put EWSI immediately on your radar tomorrow morning as this company could become the next most talked about dollar land small-cap. There comes a time when a small-cap emerging growth story starts to go viral and we think EWSI has that potential!
EWSI corporate developments have flourished this year guided by a stellar management. Chairman and CEO, Martin Nielson comes from background with extensive experience in operations and mergers and acquisitions, with over 30 years of experience gained by holding executive and advisory positions for well-known companies such as the Gap, Businessland, and Corporate Express. He was previously CEO of Global Electronics Recovery, and before that, CEO of Encompass Group Affiliates, and during his stewardship negotiated the acquisition of more than $100 million (£60 million) worth of businesses in the electronics reverse logistics industry. He is a passive shareholder of a strategic consulting firm in the electronics industry, and previously served as chairman and founder of a financial advisory company specializing in mergers & acquisitions. Mr. Nielson also serves on the board of directors of Coroware, a small public company. While with Businessland and Corporate Express, he helped build these companies by acquiring and integrating more than 100 companies throughout the United States and Europe.
EWSI so what is the fuss about? E-Waste Systems, Inc. will focus primarily on e-waste recycling, repair/refurbishment, and electronic asset recovery – the major portions of the WEEE industry – with opportunistic efforts in service, parts distribution, and precious metals recycling. With state-of-the-art recycling engineering, E-Waste Systems, Inc. can handle a wide variety of products and materials. The Company will initially target circuit boardbased electronics, which have been the focus of most e-waste regulation. This results in a broad base of products, including: consumer electronics, such as cell phones, DVDs, and televisions; IT equipment, such as computers, monitors, and hard drives; high-end communications equipment, such as server plants; electronic lighting; electronic tools/industrial electronics; and high-end electronics used in medical and health care. One set of equipment can process this array of products.
EWSI we urge you to consider looking into this company. Recently the company announced that, "it has reached agreement with the stockholders of Tech Disposal, Inc. (“TDI”) on the final earnout payment due in connection with EWSI’s acquisition of Tech Disposal, Inc., (“TDI”), an electronic waste recycler and asset recovery specialist based in Columbus, Ohio, now named E-Waste Systems (Ohio), Inc. The agreement includes a finalization of the amount of earnout payment and an agreement to convert the shares of preferred stock issued at the closing into common stock and a termination of the consulting agreement executed at the closing.
“We are pleased to announce the completion of this transaction and look forward to proceeding with the expansion of our business in Ohio.” Martin Nielson, Chairman and CEO, EWSI, states. “This agreement strengthens our balance sheet by exchanging liabilities for equity and simultaneously reduces our costs. We believe these steps are in the best interests of our shareholders.”
EWSI’s strategy is to acquire and partner with quality enterprises featuring innovative management teams dedicated to providing compliant, cost-effective and environmentally-responsible services for e-waste reverse logistics and recycling. In parallel, EWSI’s goals include implementing thought-leading business development initiatives, and the promotion of Fair Trade E-waste solutions." <Click here to view full news release>.
Again put EWSI immediately on your radar now as we monitor the current technicals and corporate developments this week!
More About E-Waste Systems Inc.:
Headquartered in London, where e-waste regulations are the most stringent in the world, EWSI aims to be a leading provider of e-waste related services in key jurisdictions globally. Blumberg Associates estimates the e-waste sector at a $55B industry annually, as legislation increasingly mandates that e-waste can no longer be landfilled. OEM’s, retailers and users are increasingly responsible for end-of-life management of e-waste, while Corporate Social Responsibility demands highly compliant, professional solution providers. The collection and recovery industry is also highly fragmented and EWSI considers these elements as an attractive environment for its buy, build and upgrade strategy. Originally founded in March 2010, EWSO provides end-of-life solutions for a wide range of electronics, initially focused on copiers. The company expanded to larger premises upon the close of the acquisition and remains committed to responsible e-waste recycling efforts according to both R2 standards and the Basel convention. Visit www.ewastesystems.com to learn more.
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