E-Waste Systems Launches South America Venture
Post# of 3844
Posted On: 08/07/2013 12:43:01 AM
E-Waste Systems Launches South America Venture
E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management services, technology and reverse logistics company and the first pure public eWaste company, announced today that it has signed a Memorandum Of Understanding with Reciclarg SA of Argentina to be its lead partner in South America.
Reciclarg SA is an electronics recycling company serving businesses and consumers from its base of operation in greater Mendoza, Argentina. The company is focused on sustainability, social values, and environmental preservation through collection, refurbishment and recycling of eWaste. Farid Nallim, co-founder and General Manager of Reciclarg, executed the agreement with EWSI as the first step forward in a collaboration that is intended to extend into branding and teaming agreements. The relationship with Reciclarg developed following an Argentina government sponsored economic mission to China that resulted in meetings with EWSI's Shanghai based business development team.
According to UNESCO, Argentina generates an estimated 264 million pounds per year of eWaste, which is the 15% of the total eWaste produced in South America. EWSI estimates that this tonnage represents an annual market potential of over $120M from materials and at least $200M from reuse countrywide. Despite this huge volume, none of the region's countries has adopted integrated legislation to address the problem. Instead, there are isolated initiatives aimed at the reuse or safe final disposal of these discarded products. A bill introduced to the Argentine legislature, modeled on the European Union's WEEE Directive, would establish producer responsibility for the final disposal of waste equipment and the reuse and recycling of components.(1)
Argentina is considered an emerging market by the FTSE Global Equity Index. It is one of the G-20 major economies in the world and it has the third largest population in South America, with over 40 million. The Province of Mendoza, where Reciclarg is based, is the 4th largest in Argentina with a population of over 1.4 million. Mendoza has a strategic logistics position on the major artery linking Buenos Aires and Santiago.(2)
"It is exciting to seize upon this opportunity in South America. Reciclarg's team is very passionate and shares our principles and commitment to maximizing the economic value of end of life electronics with zero landfill and complete sustainability. We expect them to be great partners," said Mr. Martin Nielson, Founder and CEO of E-Waste Systems, Inc.
Mr. Nallim, who co-founded Reciclarg, stated, "Signing this agreement with EWSI represents a great opportunity for Reciclarg in different ways, enabling us to move forward in the technological, production, efficiency and effectiveness in the production chain of our company. I am pleased to be working together with EWSI, as South America is an emerging market in the problem of e-waste, and having a company like EWSI as an ally, will allow us to evolve faster and will be more beneficial to Reciclarg."
Nielson added, "South America is a vast and important economic power and major consumer of electronics. The generation of waste in South America is a significant problem. There aren't many specific laws or regulations in place. Farid's team which has excellent government connections makes this is a great way to continue a program focused on collection and treatment of ewaste before the problem multiplies and proliferates in landfills."
EWSI presently is able to arrange collections in the USA from any 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 ePlant1000™, eWasteCC™ carbon credit and eWasteTRACK™ 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.
"Our company has, at its core, a vision for the establishment of a global brand -- the eWaste brand -- that makes eWaste processing compliant at the highest standards of regulation and quality, while assisting participants to become profitable. With modern technology and engineering 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 with our new partners in Argentina," stated Mr. Nielson.
References:
1. Argentina Independent.
2. Wikipedia
For more information as it happens, follow @EWasteSystemsIn on Twitter and Facebook and on the company's blog at www.ewastesystems.blogspot.com
Or contact: Investor Relations at: ir@ewastesystems.com
Industry Expansion
The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Advisory Group, Inc.), 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 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, and providing a truly global e-waste solution. Additional information, including the business plan summary, is available on the Company's website, www.ewastesystems.com.
About Reciclarg, SA.
Founded in 2008, Reciclarg SA is an award winning, highly principled technology-recycling firm with a business model based on the harvesting, reuse and recycling of end of life electronics. Reciclarg's vision is to be recognized as a sustainable enterprise that creates social value; improves the environment; and generates greater welfare for society. The company's mission is to reduce electronic waste in the provincial and national territories; to contribute to improving the environment and to create an alternative to the treatment of electronic waste, which contributes to the well being of society. Reciclarg operates from premises in Villa Nueva Guaymallen, Mendoza, Argentina. For more information visit: www.reciclarg.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. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management services, technology and reverse logistics company and the first pure public eWaste company, announced today that it has signed a Memorandum Of Understanding with Reciclarg SA of Argentina to be its lead partner in South America.
Reciclarg SA is an electronics recycling company serving businesses and consumers from its base of operation in greater Mendoza, Argentina. The company is focused on sustainability, social values, and environmental preservation through collection, refurbishment and recycling of eWaste. Farid Nallim, co-founder and General Manager of Reciclarg, executed the agreement with EWSI as the first step forward in a collaboration that is intended to extend into branding and teaming agreements. The relationship with Reciclarg developed following an Argentina government sponsored economic mission to China that resulted in meetings with EWSI's Shanghai based business development team.
According to UNESCO, Argentina generates an estimated 264 million pounds per year of eWaste, which is the 15% of the total eWaste produced in South America. EWSI estimates that this tonnage represents an annual market potential of over $120M from materials and at least $200M from reuse countrywide. Despite this huge volume, none of the region's countries has adopted integrated legislation to address the problem. Instead, there are isolated initiatives aimed at the reuse or safe final disposal of these discarded products. A bill introduced to the Argentine legislature, modeled on the European Union's WEEE Directive, would establish producer responsibility for the final disposal of waste equipment and the reuse and recycling of components.(1)
Argentina is considered an emerging market by the FTSE Global Equity Index. It is one of the G-20 major economies in the world and it has the third largest population in South America, with over 40 million. The Province of Mendoza, where Reciclarg is based, is the 4th largest in Argentina with a population of over 1.4 million. Mendoza has a strategic logistics position on the major artery linking Buenos Aires and Santiago.(2)
"It is exciting to seize upon this opportunity in South America. Reciclarg's team is very passionate and shares our principles and commitment to maximizing the economic value of end of life electronics with zero landfill and complete sustainability. We expect them to be great partners," said Mr. Martin Nielson, Founder and CEO of E-Waste Systems, Inc.
Mr. Nallim, who co-founded Reciclarg, stated, "Signing this agreement with EWSI represents a great opportunity for Reciclarg in different ways, enabling us to move forward in the technological, production, efficiency and effectiveness in the production chain of our company. I am pleased to be working together with EWSI, as South America is an emerging market in the problem of e-waste, and having a company like EWSI as an ally, will allow us to evolve faster and will be more beneficial to Reciclarg."
Nielson added, "South America is a vast and important economic power and major consumer of electronics. The generation of waste in South America is a significant problem. There aren't many specific laws or regulations in place. Farid's team which has excellent government connections makes this is a great way to continue a program focused on collection and treatment of ewaste before the problem multiplies and proliferates in landfills."
EWSI presently is able to arrange collections in the USA from any 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 ePlant1000™, eWasteCC™ carbon credit and eWasteTRACK™ 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.
"Our company has, at its core, a vision for the establishment of a global brand -- the eWaste brand -- that makes eWaste processing compliant at the highest standards of regulation and quality, while assisting participants to become profitable. With modern technology and engineering 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 with our new partners in Argentina," stated Mr. Nielson.
References:
1. Argentina Independent.
2. Wikipedia
For more information as it happens, follow @EWasteSystemsIn on Twitter and Facebook and on the company's blog at www.ewastesystems.blogspot.com
Or contact: Investor Relations at: ir@ewastesystems.com
Industry Expansion
The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Advisory Group, Inc.), 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 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, and providing a truly global e-waste solution. Additional information, including the business plan summary, is available on the Company's website, www.ewastesystems.com.
About Reciclarg, SA.
Founded in 2008, Reciclarg SA is an award winning, highly principled technology-recycling firm with a business model based on the harvesting, reuse and recycling of end of life electronics. Reciclarg's vision is to be recognized as a sustainable enterprise that creates social value; improves the environment; and generates greater welfare for society. The company's mission is to reduce electronic waste in the provincial and national territories; to contribute to improving the environment and to create an alternative to the treatment of electronic waste, which contributes to the well being of society. Reciclarg operates from premises in Villa Nueva Guaymallen, Mendoza, Argentina. For more information visit: www.reciclarg.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.
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