More about EWSI..
The company has plans to generate revenues upto $200 million in the next 24-36 months ..they are in an aquisition mode recently indicated in their LOI..they are working silently and doing their due diligence before acquiring the target company!.
http://www.ewastesystems.com/acquisitions.php
Acquisition Process
Through acquisitions, E-Waste Systems, Inc. intends to achieve the following key objectives:
Expand infrastructure and local processing capacity
Complete a nationwide presence in each country that it enters
Increase penetration into key customer segments: OEMs, multinational corporations, major retailers, and government
Expand the influence and depth of the E-Waste Systems, Inc. management team
Realize natural synergies in sales, margins, and quality
Achieve best-in-class integration of services to stand out from the competition
Achieve up $200+ million in profitable sales within 24-36 months
Achieve Strategic alliances will play a key role in the Company's strategy, particularly in the capital intensive end processing and recovery of precious metals. To achieve these advantages, E-Waste Systems, Inc. will pursue a systematic acquisition process. This will involve selecting acquisitions according to a pre-defined set of criteria, conducting due diligence, making the acquisitions, integrating them into one company, and working with managers of acquired businesses to realize synergies.
..As it is.. the PPS is at the bottomest!!... The LOI had recently been Pr'ed..
http://www.otcmarkets.com/stock/EWSI/news
E-Waste Systems, Inc. Signs Letter of Intent for Acquisition of Logistics Solutions Company
LONDON, July 18, 2012 /PRNewswire via COMTEX/ -- E-Waste Systems, Inc. (OTCQB: EWSI), an electronic waste recycling and reverse logistics services firm, announced today that it has signed a non-binding letter of intent ("LOI") to acquire a multi-vendor reverse logistics solutions company headquartered in the Southwestern US. This LOI represents the fourth targeted acquisition by E-Waste Systems as part of its strategy to become a leading provider of e-waste services internationally.
The target's scope of work includes asset management, professional services and technical solutions including reverse logistics resolution, development and implementation of software and operational processes, inventory control, commodity audit programs, and process integration, as well as engineering expertise, refurbishment and remanufacturing capabiities.
"This particular opportunity is an excellent complement to the planned build-out of our e-waste recycling infrastructure initiatives. Our focus is on building a growing and profitable company with the objective of becoming a significant international player in the electronic waste recycling and end-of-life management industry. This acquisition could become an excellent component in the implementation of our strategy," stated Martin Nielson, CEO of E-Waste Systems.
This LOI requires that the names of the company and the specific terms of the transaction be kept confidential to protect customers, suppliers, and employees, but details will be announced as soon as the definitive agreement has been executed.
Closing is contingent upon, among other things, due diligence and definitive agreements and completion of two years of PCAOB qualified audits, all of which are expected to be commissioned soon.
Electronic WasteElectronic waste, or "e-waste", refers to electronic products that are at or near their end of life, such as telecoms, servers, televisions, computer/peripherals, AV equipment, DVDs, medical equipment, telephones, mobile devices, fax/copy machines and gaming equipment.
According to the EPA, various reports in the United States have stated that electronic waste is growing significantly faster than any other waste stream, with a majority of the waste coming from large businesses and institutions. With the continuing introduction of new and enhanced electronic components, hundreds of millions of obsolete hardware devices will be entering the waste stream over the next 3-5 years. For more information, visit the EPA's eCycling FAQ's page, www.epa.gov/epawaste/conserve/materials/ecycling/faq.htm.
