Scoex's CEO Armando Flores stated: ''We are thrilled to participate in this fast growing, high value eWaste industry. EWSI is a partner with a fast growing international reach and a spotless reputation. We think our technology and our presence in Mexico will provide a great complement to EWSI and together we expect to be able to create excellent value in the marketplace. Scoex and EWSI share a common concern about the negative ecological impact that inefficient and improper trading can cause around the world and this venture is designed to support changes and improvements accordingly."
According to the International Labor Office, (United Nations Geneva), Mexico has ratified the Basel Convention. The UN cited Mexico as a country with great potential to introduce state-of-the-art e-waste recycling technologies because of its small informal e-waste sector (Schluep et al., 2009). However, Mexican municipalities have neither the legal infrastructure nor the economic or human means to address the mounting waste problem.(3)
EWSI is taking a new step in the eWaste industry with this project by introducing its high standard of services in a country where there is no significant electronic ewaste infrastructure yet established. Through this agreement, EWSI and Scoex are looking forward to increasing the awareness of Mexican businesses and consumers regarding the proper and efficient handling of end of life materials to harvest new raw materials, while simultaneously reducing their carbon footprint.
For more information as it happens, follow @EWasteSystemsIn (https://twitter.com/EWasteSystemsIn) on Twitter and Facebook (www.facebook.com/ewastesystems) and on the company's blog at www.ewastesystems.blogspot.com
Or contact: Investor Relations at: firstname.lastname@example.org
(1) Blumberg Associates.
(2) World Bank (economic data for Mexico)
(3) United Nations (eWaste tonnage, International Labor Office)
(4) Global eWaste Market 2011-2016, Market to Market
The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Associates(1)), 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, applies best practices in professional management, and offers 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.
About Scoex S. A.
Scoex S.A is a highly experienced company focused on providing software and cloud base technology, e-sourcing, global trade, and logistics management in a single platform. Scoex's philosophy is to focus on high quality and unique services to its users by combining technology, approved services, trading knowledge and full operational support into a seamless, on-line, and proprietary trading platform.
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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