|By Marketwired .||
|February 13, 2014 10:45 AM EST||
LONDON, UNITED KINGDOM -- (Marketwired) -- 02/13/14 -- 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 play public e-waste operator, announced today the Grand Opening of its new eWaste recycling and reverse logistics operation in Cincinnati, Ohio.
"We are pleased to announce the opening of our new facility in Cincinnati and the Grand Opening on the 20th of March," said Martin Nielson, Founder and CEO of E-Waste Systems, Inc. "This facility is strategically located in the logistics golden triangle of the Eastern US and will combine to offer all the services available under our brand."
The facility has been selected and planned to have the capacity to process as much as 75Million pounds of ewaste annually. The new building will serve as the headquarters of the operating unit EWS Cincinnati, which will also provide oversight of the recently acquired facility in New York state. The Cincinnati unit will become a strategic operational hub for the Midwest and the New York location will provide the basis for further expansion in the Northeast. The initial occupation is over 50,000 square feet with the possibility for further expansion. All of the assets recently acquired, including the shredding and separation and CRT processing lines are being installed into the new facility. Simultaneously, the asset recovery, data destruction, and repair and refurbishment functionality, much of which was acquired with the 2013 acquisition in California is also being installed. Planning is underway for this location to be a constantly upgraded operation to ultimately showcase EWSI's ePlant offering and the future developments which are being considered as part of that operation.
"Our new location opens extensive business opportunities and enables us to provide the region with a comprehensive solution to a global problem," said Julie Peterson, president of EWS Cincinnati. "We are already operating in the new facility and have just received record receipts of new waste streams from key customers."
"In late 2013 EWS Cincinnati acquired equipment for operations in Ohio and New York and this is the next step in the implementation of that transaction. Our teams in both locations are doing a great job." Added Martin Nielson. "This facility is a very important part of our Eastern US operations."
Details about the Grand Opening will be made available through EWSI's social media sources.
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, corporate social responsibility pressures 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, photos and descriptions of the company's facilities and personnel, and overall progress of the Company is available on the official website and social media sites: www.ewastesystems.com, www.facebook.com/ewastesystems, @ewastesystems.com (Twitter), and LinkedIn: E-Waste Systems, Inc. Or contact: Investor Relations at: [email protected]
Safe Harbor Statement: Certain statements and information in this release 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
E-Waste Systems, Inc.
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