LONDON, Feb. 15, 2012 /PRNewswire/ — E-Waste Systems, Inc. (OTC BB: EWSI) announced today that it has joined forces with CR Electronics to expand its geographic and technical coverage for the New York/New England area.
CR Electronics is a trading partner of Rick Fine and Fine Resources, which are both partners of EWSI. Based in the heart of the Northeast, CRE is a high quality operator in the end of life electronics industry. The new agreement will allow seamless, best in class delivery of services to customers of both companies with consistent, high quality standards, and is initially designed to support EWSI’s business development initiatives in New York/New England region.
EWSI’s strategy includes acquiring and partnering with quality enterprises with innovative management, who share the commitment to providing compliant, cost-effective and environmentally-responsible services for e-waste reverse logistics and recycling. Through partnerships and acquisitions; thought leading business development; and Fair Trade E-waste solutions, EWSI expects to extend its reach and offering; to apply best practice professional management; and to invest in state-of-the-art technology.
“We are very pleased to link up with Chris Rahilly and his team at CRE,” Martin Nielson, CEO, EWSI stated. “We recently launched some very promising initiatives in the region and we think Chris’s team is well positioned to help us implement the high-end technical solutions required.”
Mr. Rahilly commented, “Rick and I are excited to bring our location in the Northeast and our technical skills in asset recovery to this relationship with EWSI. We believe there are solid opportunities to achieve real competitive differentiation by working together in this partnership.”
The three-year agreement defines the quality services under offer; provides for full audit trails of all transactions; provides a mechanism for sharing in the economic benefit; requires periodic reviews; and includes non-disclosure and non-circumvention terms.
About E-Waste Systems:
Headquartered in London, where e-waste regulations are the most stringent in the world, EWSI aims to be a leading provider of e-waste related services in key jurisdictions globally. Blumberg Associates estimates the sector at $ 55B annually as legislation mandates that e-waste can no longer be landfilled. OEM’s, retailers and users are increasingly responsible for end-of-life management of e-waste, while Corporate Social Responsibility demands highly compliant, professional solution providers. The industry is also highly fragmented and EWSI considers these elements as an attractive environment for its buy, build, and upgrade strategy. Visit www.ewastesystems.com
Herein, regarding EWSI’s future results or actions, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect”, etc. are’ forward-looking statements’ within the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933 and the Securities Exchange Act of 1934 and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially, including, but not limited to, future capital needs, changes, delays, or market acceptance.
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