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eWaste Systems Selects Companywide Management Information & Accounting System
Cloud-Based Programming Streamlines Global Communications
|By Marketwired .
|April 3, 2014 09:33 AM EDT
CINCINNATI, OH and IRVINE, CA and LONDON, UNITED KINGDOM -- (Marketwired) -- 04/03/14 -- E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI', "E-Waste Systems, Inc." or the "Company"), an electronic waste management, reverse logistics, environmentally focused services and technology company and the first pure play public e-waste operator, is pleased to announce the decision to implement a companywide deployment of NetSuite's cloud-based management information and accounting system.
"As part of our expansion of our management and infrastructure, this cloud-based software project is in complete support of our growth and structural initiatives," explained Martin Nielson, Founder & CEO of eWaste Systems. "We have operations in more than a dozen locations and require a strong network solution that translates different currencies and languages for seamless communication and on time reporting."
The implementation is under the executive leadership of Dan Feeney, Sr. Vice President and head of the eVolve Group. Mr. Feeney is a Six-Sigma Green belt, PMP trained by the Project Management Institute, with has over 25 years of systems integration experience and as head of eVolve, is actively engaged in and oversees global operations and business development initiatives. He is headquartered in China, and was recently recognized for his presentation at the Green Initiatives Conference in Shanghai(1).
Within the last twelve months eWaste Systems announced new partnerships with equipment manufacturers and engineers as well as multiple rounds of investment capital to support the significant growth of revenues particularly in the USA and China. Revenues have grown both organically and through acquisition, plus new strategic relationships in India, Ghana, Italy, the Caribbean, Australia, and Argentina(2). EWSI is headquartered in the United Kingdom and its stock trades on the U.S.-based OTC Market. The new NetSuite solution addresses the challenges of multiple languages and multiple currencies to ensure consistent accounting under GAAP and compliance throughout the organization. "We are weaving together a complex tapestry of integrated services worldwide, with varying currencies, languages, and laws, so it is important for us to install systems to achieve the highest levels of efficiency, transparency, and accuracy," added Mr. Nielson. "The cloud-based platform provides flexibility for aggregating all relevant information and connecting all worldwide and domestic partners, and its execution under Dan Feeney's guidance is extremely important to developing our infrastructure."
About eWaste Systems
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI conglomerates a large geographical network of affiliates, offering best practices in professional management and state-of-the-art engineering, creating a truly global and increasingly comprehensive e-waste solution. Teaming with eWaste Systems means committing to the highest tiers of health and environmental compliance initiatives and having access to industry-leading global supply chain networks, cutting-edge technology, including the innovations from partners such as NRT Sorters and Loyalty Equipment, the proprietary ePlant1000, and the eWasteCC carbon credit and eWasteTRACK solutions.
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, Facebook, Twitter, and Linkedin. Or contact: Shareholder Relations at: [email protected] and 800.994.0691.
For inquiries related to teaming with eWaste Systems and its large network of affiliates, contact [email protected].
About NetSuite: NetSuite Inc. is a leading vendor of cloud computing business management software suites. NetSuite enables companies to manage core key business operations in a single system, which includes Enterprise Resource Planning (ERP), Accounting, Customer Relationship Management (CRM), and Ecommerce. NetSuite's "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.(3)
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.
(1) E-Waste Systems Inc. Announces Partnership with Green Initiatives... Retrieved from: http://www.ewastesystems.com/wp-content/uploads/press_release_2014-03-13.pdf
(2) Investor Overview. Retrieved from: http://www.ewastesystems.com/investors/investor-overview/
(3) NetSuite Corporate Profile. Retrieved from: http://www.netsuite.com/portal/company/corporate.shtml
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