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
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...