EWSI Here is an exciting article posted within the
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E-Waste Systems, Inc. (OTC: EWSI) has made a highly explosive move up in recent months from a start point of well under a penny with lows of $0.0026 the stock has seen recent highs of $0.10.
The spectacular rise in the price of the stock is being fueled by the rapid expansion and exploding revenues being reported by EWSI; on November 5 the Company reported Record Breaking Revenues Expected to Increase 60% Over Second Quarter to Over $4.5 Million.
Revenues on this level put EWSI on the top tier level of the OTCBB that one Company out a thousand is lucky to ever achieve.
E-Waste Systems, Inc. is the first 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, applying best practices in professional management, offering state-of-the-art engineering, providing a true global e-waste solution.
On November 5 EWSI announced Preliminary Record 3rd Quarter and Year End Revenue Guidance
for 2013.
The mammoth pr continues "For the full year ending December 2013, the company also projects that its operating revenues are expected to exceed $12 million.
"We are extremely pleased with these preliminary third quarter results and we have confidence that the full year will also be excellent," said Martin Nielson, Founder and CEO of EWSI. "These results are our best estimates at this time. They represent the strong commitment of our team to achieving the goals and business plan announced by us for 2013. We look forward to a strong finish to our 2013 year-end."
Today, EWSI is able to arrange collections in the USA from every zip code; has entered the UK market, opened a strategic office in China, launched a partnership in Australia and recently announced deals in Africa, Argentina and India. EWSI brings technology , including its recently announced proprietary ePlant1000(TM), eWasteCC(TM) (carbon credit) and eWasteTRACK(TM) technology solutions, 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.
EWSI has come an incredibly long way since this article was first published in June 2012. At that time the stock was trading at $0.30 at a $34 million market valuation. The Company had $80,000 cash in the treasury and had just reported their first revenues of $34,816 for the three months ended March 31, 2012.
Conclusion: EWSI has seen a rapid rise in price in recent months from well under a penny to recent highs of a dime. Despite the massive gains the stock has already made, if current O/S numbers are correct and the $14 million market valuation is true then from current price levels EWSI is still quite cheap and could easily continue way higher from here. EWSI revenue growth is truly spectacular and as I said earlier the kind of revenues they are doing now puts EWSI in a class that one out a thousand bb Companies is lucky to ever achieve. It is little wonder EWSI Chiefs are already eying a higher exchange.