LONDON -- (Marketwired) -- 07/16/13 -- E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management services, technology and reverse logistics company and the first public pure eWaste company, announced today the launch of its first project for the Caribbean to ensure full recycling and zero landfill of ewaste.
"This Caribbean launch venture is designed to remove electronics from landfills across the islands for processing in Ohio. The first containers are to begin flowing in the 3rd Quarter of 2013. The local municipalities will supply containers at the site. This venture will provide local governments with revenue sharing," said Mr. Martin Nielson, Founder and CEO of E-Waste Systems, Inc.
EWSI is launching this project beginning in Jamaica. EWSI will expand this opportunity to all major islands such as Puerto Rico, Virgin Islands, St. Lucia, Bermuda, Haiti and the Bahamas. Nielson added, "We have signed our first Memorandum of Understanding ("MOU") and we are also inviting other local partners to join our enterprise to provide for jobs while we do the right thing for the environment."
The Caribbean, also known as Antilles or West Indies, is an archipelago of around 700 islands and spreads through a vast territory where only as little as 11.5 percent is covered by land area (239,680 km2). It is among the most urbanized regions in the world, with its urban population expanding from 61 percent in 1975 to more than 78 percent in 2001. With increasing urbanization, along with economic growth and rising consumption, comes greater waste generation. And, the waste will continue to grow: several recent World Bank studies project that the region's municipal solid waste will increase from 131 million tons in 2005 to roughly 179 million in 2030.
The predominant means of disposal is through open dumps, with associated health and environmental problems. There is no specific ban of landfills but neither is there specific regulation. In addition, the nature of the islands makes it obvious that the available land area is extremely limited. Management of hazardous industrial waste is also generally poor; most is simply mixed with municipal waste. Environmentally safe waste disposal is provided for only 23 percent of the urban population. This brief overview suggests that the first priority in municipal solid waste management should be to improve waste collection and controlled landfilling. Greater focus is also needed on source separation of waste.
Part of the problem is discarded electronics, which has become one of the fastest growing segments of the municipal waste stream in more recent days. Martin Nielson, founder and CEO of EWSI, stated, "It would be of great appeal for local Governments to approach the ewaste disposal through the high quality standards for our company whereby we can achieve a zero landfill accompanied by proper economic recovery. We are ready to allocate containers to local landfills where the collected ewaste will be then be shipped for processing in Ohio. We will ask only that the facility pay for the shipping cost and we will then share with them a portion of the recovered value after covering our costs."
EWSI is presently able to arrange collections in the USA from every zip code and has entered the UK market, opened a key office in China, launched a partnership in Australia and recently announced deals in Mexico and India. EWSI brings technology, including its recently announced proprietary eWasteCC carbon credit technology, regulatory knowledge, industry experience and management services to its subsidiaries and affiliates, brand licensees, and teaming partners around the world as part of its strategy to extend the presence and global influence of the Company's branded services and technologies. "The Company has at its core a vision for the establishment of a global brand -- the eWaste brand -- that can make eWaste processing compliant at the highest standards of regulation and quality, while assisting participants to become profitable. With modern technology from EWSI we can have both -- profit for our shareholders coupled with uncompromising care for the environment. And, we intend to share the science and the economics to do so," stated Mr. Nielson.
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The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Associates), excluding much of the resale of still usable goods that flood the marketplace as new updates in software and hardware are released. Furthermore, as environmental legislation and policies sets more stringent requirements for the disposal of these items, many analysts and practitioners expect e-waste to grow faster than any other waste stream over the next 5 years. The benefits of e-waste management and recycling are many, including conservation of natural resources, creation of new jobs, prevention of environmental contamination by toxic chemicals, and reduction of energy requirements.
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the sole pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI targets companies facing regulatory or other mandates for handling e-waste. EWSI operates and assists its large geographical network of affiliates, apply best practices in professional management, offer state-of-the-art engineering, providing a true global e-waste solution. Additional information, including the business plan summary, is available on the Company's website, www.ewastesystems.com.
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.
E-Waste Systems, Inc.
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