Wow. This is great news. Direct access to consumers for resale of refurbished product. This initiative, along with SURF, is a very positive sign that EWSI is quickly establishing an increasing presence in a major market place.
Plus, 3M in revs BY THE END OF THIS YEAR. The idea that EWSI goes cash flow positive by the last qtr of this year just got a major boost.
At least one more acquisition THIS YEAR.
At least a couple more Management Contracts THIS YEAR.
Possibly more technology additions in the pipeline (like the potential app they discussed in today's PR about finding the closest e-waste processing facility).
O/S share reduction coming very soon in the form of a Share Exchange (common for Preferred A/B and options).
One of my main reasons for owning EWSI as a speculative major play is purely the background of the CEO and his world wide connections. Six years of DD on the e-waste/reverse logistics industry, and three companies later (EWSI being the third), his business model is screaming forward. A major selling point for me on this issue is his experience and his team's experience at managing all aspects of company growth efficiently.
Nielson has been a key player previously in the development of three billion dollar companies. I think we're watching the birth of his fourth!!
GLTA
AI
