Welcome!

News Feed Item

E-Waste Systems, Inc. Appoints International Audit Firm, MaloneBailey, LLP

LONDON, UNITED KINGDOM -- (Marketwired) -- 01/14/14 -- E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management, reverse logistics, environmentally focused services and technology company and the first pure public e-waste operator, announced today the appointment of MaloneBailey, LLP to be the company's audit firm.

"We have an aggressive international expansion program and combined with a objective to qualify for an uplisting of our stock to an exchange as soon as we are qualified," said Martin Nielson, founder and CEO of E-Waste Systems, Inc. "MaloneBailey brings a depth and breadth of experience to our team that fits with our global model, and they are deeply versed in auditing NYSE and NASDAQ firms so we are confident that they will be well qualified to bring these services to us," added Mr. Nielson.

MaloneBailey currently has as clients over 150 registrants in the NYSE, NASDAQ, AMEX, and OTC markets, and they audit more Microcap companies trading on U.S. stock exchanges than any other firm in the world. Because of this emphasis, they are one of a limited group of firms that require annual inspections by the Public Company Accounting Oversight Board (PCAOB).(1) With office in the USA and China, and as a member of Nexia International, one of the largest global networks of accounting firms with over 590 offices in over 100 countries and 20,600 personnel, MaloneBailey provides extensive cross-border solutions to its clients.

"In addition to finding the skill-set that can help us achieve our exchange listing goals, it is crucial that our new audit firm have a strong on-the-ground presence in China, because we expect to continue to experience tremendous growth there," said Mr. Nielson. China's economy is the second largest is the world and research shows that as much as 70% of the world's electronic waste ends up in China(2), of which the majority is handled by informal processing centers, where health code and environmental regulation violations are often the norm.(3) (4)

EWSI's audit partner is George Qin, one of five SEC Audit Partners, who also oversees MaloneBailey's practice in Beijing, China. "We are excited to be working with such a well-respected audit partner," said Martin. "And, we are pleased with how Mr. Qin and the MaloneBailey team fits with our overall strategy."

Follow E-Waste Systems, Inc. on LinkedIn & Facebook, @EWasteSystemsIn on Twitter, and on the company's blog at www.ewastesystems.blogspot.com.

For additional inquiries, contact Investor Relations at: [email protected].

About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI targets companies facing regulations or other mandates for handling e-waste. EWSI operates and assists its large geographical network of affiliates, applying best practices in professional management, offering state-of-the-art engineering, and providing a truly global e-waste solution. Additional information, including the business plan summary, pictures and descriptions of the facilities, staff, and overall progress of the Company is available on the official website and social media sites: www.ewastesystems.com, www.facebook.com/ewastesystems, Twitter: @ewastesystems.com, and LinkedIn: E-Waste Systems, Inc.

About MaloneBailey, LLP
With offices in Houston, New York, Beijing and Shenzhen, MaloneBailey, LLP is a market-leading, full-service accounting firm delivering high-quality private and public company audit and tax services. MaloneBailey was founded in 1982 by John Malone and are a member firm of Nexia International, one of the largest groups of audit firms in the world. Due to the large number of audit clients, they are one of only nine firms in the world that requires an annual PCAOB inspection. Additional information is available on their website: www.malonebailey.com.

About PCAOB
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of broker(s) and dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.(5) Additional information is available on their website: www.pcaobus.org.

Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

References:

1. Why MaloneBailey. Retrieved from
http://www.malonebailey.com/Why-MaloneBailey/

2. 70% of global e-waste dumped in China. Retrieved from
http://www.china.org.cn/environment/2012-05/24/content_25461996.htm

3. Electronic Waste in China. Retrieved from
http://en.wikipedia.org/wiki/Electronic_waste_in_China

4. E-Waste in China: A Country Report. Retrieved from
http://www.ewasteguide.info/files/Wang_2013_StEP.pdf (4.1)

5. About the PCAOB. Retrieved from
http://pcaobus.org/About/Pages/default.aspx

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.