SOURCE: E-Waste Systems, Inc.

September 03, 2013 09:34 ET

E-Waste Systems Enters Africa

New Partnerships to Lead Efforts in the Fastest Growing E-Waste Market

LONDON--(Marketwired - Sep 3, 2013) - E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management services, technology and reverse logistics company and the first public pure eWaste company, announced today that it has signed a Teaming Agreement with Community Waste Ltd. of Ghana as the first partner in the African continent to ensure full recycling and zero landfill of eWaste.

With a reported population of 24M people on a 24,000km2 territory, Ghana is the 8th most population dense country in Africa. Accra, where Community Waste Ltd. is based, is the capital city and brings on its own a population of 4M people, making it the eleventh-largest metropolitan area in Africa.3

"We are thrilled having our first Teaming Agreement in Ghana, Africa and expect this to be followed by an eBrand License to extend our trademark in Africa. In addition, we are also inviting other local partners and authorities to join our enterprise to provide local jobs while we do the right thing for the environment," said Martin Nielson, Founder and CEO of EWSI.

According to the Ghana Business News, "... assessment report of the e-waste situation in Ghana published in May 2011 found that 171,000 tons of e-waste reaches the country's informal recycling sector, with only 0.2% reaching the formal recycling sector. It is known that 20 to 50 million tons of e-waste are generated in the world annually and a great amount of that ends up in developing countries including Ghana and Nigeria.2 The growing e-waste volumes generated worldwide together with the lack or even absence of well-organized collection and management systems in Africa, where a disproportionate amount of this waste ends up, threatens Africa's environment, its national economies and the health of local communities. In many African countries e-waste is routinely disposed on uncontrolled dumpsites, where waste volumes are periodically reduced by setting them on fire, causing a range of toxic substances to be released, heavily contaminating air, soil and water resources. Even unburned, in tropical climate, many e-waste fractions will soon release major pollutants, damaging human and environmental health. The serious consequences of this mounting environmental problem are now starting to attract widespread public attention."

"As with the venture launched in the Caribbean, our project for Africa is designed to remove electronics from landfill sites across the country for processing in our facilities. We will offer local individual partners, local municipalities shipping containers at collection sites as the means to collect e-waste. This venture will then provide the local governments or other organizations with revenue sharing from the recovered materials. As volumes grow, we will consider putting an ePlant1000 in place and doing the processing locally," said Mr. Nielson.

Today, EWSI is able to arrange collections in the USA from every 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. "The Company has, at its core, a vision for the establishment of a global brand -- the eWaste brand -- dedicated to making eWaste processing compliant at the highest standards of regulation and quality, at a profit to participants. With the EWSI technology, we can have both -- profit for our shareholders coupled with uncompromising care for the environment," stated Mr. Nielson. 

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

References:

1. Blumberg Associates

2. Ghana Business News: http://www.ghanabusinessnews.com/2013/07/21/un-group-calls-for-regulation-of-e-waste-in-ghana/#sthash.AP2zQcbP.dpuf

3. Wikipedia

Industry Expansion
The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Associates1), 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, applying best practices in professional management, offering 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.

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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