Tuesday, January 15, 2013 12:30:12 AM
$EWSI - Float 37,500,000 a/o Apr 30, 2012
Looks like a lot of room to run if volume can pick back up.
LONDON, UNITED KINGDOM, Jan 09, 2013 (MARKETWIRE via COMTEX) -- E-Waste Systems, Inc. (OTCQB: EWSI) (the "Company"), an electronic waste management and reverse logistics services firm, is pleased to provide this update to its shareholders and the investment community. This release includes information about the Company's plans and announcement of new corporate strategy developments.
Martin Nielson, CEO of E-Waste Systems, stated: "Consistent with our firm commitment to build a global integrated e-waste company, we have accomplished much in our first challenging year. We completed many of our planned tasks including building the foundation for a global e-waste brand. We also established partnerships with many quality e-waste companies in the form of teaming agreements, technology licensing, and other affiliations. During 2012, we announced the signing of letters of intent to acquire several companies. These acquisitions did not occur in time due to the unexpected erosion of our share price, which made the financing terms unacceptable. Management now believes that a revised capital structure is necessary and intends to implement changes in this direction starting in January. We are redoubling our efforts in support of our long term strategy to create a global e-waste brand in this rapidly growing $100 billion market, and we will aggressively pursue a new series of initiatives in 2013."
Looks like a lot of room to run if volume can pick back up.
LONDON, UNITED KINGDOM, Jan 09, 2013 (MARKETWIRE via COMTEX) -- E-Waste Systems, Inc. (OTCQB: EWSI) (the "Company"), an electronic waste management and reverse logistics services firm, is pleased to provide this update to its shareholders and the investment community. This release includes information about the Company's plans and announcement of new corporate strategy developments.
Martin Nielson, CEO of E-Waste Systems, stated: "Consistent with our firm commitment to build a global integrated e-waste company, we have accomplished much in our first challenging year. We completed many of our planned tasks including building the foundation for a global e-waste brand. We also established partnerships with many quality e-waste companies in the form of teaming agreements, technology licensing, and other affiliations. During 2012, we announced the signing of letters of intent to acquire several companies. These acquisitions did not occur in time due to the unexpected erosion of our share price, which made the financing terms unacceptable. Management now believes that a revised capital structure is necessary and intends to implement changes in this direction starting in January. We are redoubling our efforts in support of our long term strategy to create a global e-waste brand in this rapidly growing $100 billion market, and we will aggressively pursue a new series of initiatives in 2013."
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