Replies to post #11950 on E-Waste Systems Inc. (fka EWSI)

[GreenThumb Investor]

http://ih.advfn.com/p.php?pid=nmona&article=58627954

E-Waste Systems, Inc. (OTCQB: EWSI) (the "Company"), an electronic waste management, reverse logistics and management services company, announced a share exchange plan targeted to release common shares to facilitate growth.

The Company announces an exchange of accrued compensation or existing common shares among company management and key consultants and advisors for a combination of preferred shares and common stock options (the 'Exchange Plan').

"This plan is strong statement of management's commitment to our company's future. This action is designed to show our shareholders that we are strongly focused on building long term shareholder value," stated Martin Nielson, CEO and founder of EWSI. "We have implemented very aggressive growth plans, the results of which are only now beginning to be visible. This Exchange Plan supports our growth and follows our recently announced 2013 business and finance plan (Summer update). The move strengthens our Company's balance sheet and provides additional performance-based incentives to our key managers," added Mr. Nielson.

EWSI recently published an update to its business plan with the addition of a more careful outline of its financial strategy. The Exchange Plan, which will be issued only to executives or consultants who are Qualified Investors, calls for an exchange of issued common shares or accrued compensation for a mix of either Series A or Series B Preferred stock plus fully vested options together with an agreement that none may be converted into issued common shares until at least the end of the 1st Quarter 2014. The plan will enhance common shareholder equity by providing a capital raising structure to support expansive growth, capital raising and business development.

Details of the new Series B Preferred stock were filed with the SEC on Form 8K and can be viewed on the Company's website. The Exchange Plan will be confirmed by filings with the SEC. Upon completion, the number of common shares issued and outstanding is expected to be reduced by as much as 20-25%.

"Everything we do is according to a plan. Building our global brand, expanding our technology and accelerating our revenues all require a solid financial foundation. This is part of building that foundation and will be followed by additional important elements as the year progresses," added Mr. Nielson.

[dshade]

see 7/24 update. Execs locking into preferred

[DeeDog]

Someone mentioned the RS word once asking Susan about it and IIRC she emphatically said no, so I don't think dshade meant yes to that part of your question. They know how we feel about a RS, kiss of death. They have talked about uplisting at some point.

[janetcanada]

EWSI- To remind the Co. Intentions:......

It is the goal of the company to get off the OTC and on to one of the larger markets. Unfortunately, that is another thing that takes time to achieve. But, we are certainly working toward that goal along with all the other things we are doing.

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Susan

Susan Johnson
Secretary/Treasurer
E-Waste Systems, Inc.
[e-mail]
[e-mail]
Cell: 702-528-1806