SOURCE: E-Waste Systems, Inc.

October 10, 2014 10:00 ET

E-Waste Systems, Inc. Announces Expansion of Recycling Operations in the UK

Agreements Signed With Recycling Firm S2S as Hub to Support Operations in Europe

LONDON, UNITED KINGDOM--(Marketwired - Oct 10, 2014) - E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI,' 'the Company,' or eWaste Systems), an electronic waste management, environmentally focused services and technology company, announces the signing of a Teaming Agreement and an MOU with S2S Electronics Ltd - Rotherham, UK.

The soaring international demand for electric and electronic products is fueling a global rise in e-waste on pace to reach 65.4 million tons annually by 2017. This increase represents an increase of 33 per cent from the 49 million tons of used electrical and electronic items generated last year according to data from a new world map created by the Solving the E-Waste Problem (StEP) initiative, a coalition of UN organizations, industry, governments, NGOs and science bodies. Britain is one of the major contributors to this waste stream, ranking sixth in the world in terms of the total tonnage, creating about 1.4 million tons of waste a year.

"In furtherance of our growth objectives, we have entered into a Teaming Agreement with S2S Electronics and signed an MOU to collaborate jointly on reverse logistic operations in the UK and all of Europe. This is going to be another milestone in our business plan giving EWSI a footprint in Europe and expanding our branded operations. With the management team at S2S we have agreed to implement new technologies and services to improve the already wide range of solutions offered," said Mr. Martin Nielson, Founder & CEO of E-Waste Systems. "Discarded electronics remain a big problem and partnering with S2S, a very experienced company, provides us the infrastructure to fulfill our commitments while achieving the highest standards and zero landfilling within Europe," added Mr. Nielson.

S2S offer a range of services around asset recovery and disposal, including the refurbishment of IT equipment, Mobile Phones and Tablets for resale, data sanitization, WEEE recycling accompanied by on or off site data destruction services for all electronic media including hard drives. S2S currently are accredited to ISO9001, 14001 and 27001 as well as having SafeContractor approval, ADISA certification and AATF status for WEEE treatment. S2S are currently working towards PAS 141 approval for reuse of electronics.

"S2S have been in the WEEE sector for over 20 years and in recent years our focus has been on asset recovery and realizing maximum environmental benefit and value for assets for clients whilst maintaining a high level of security. The partnership with E-Waste allows us to bring an established solution to a wider audience, to share standards and processes and be part of worldwide solution for asset recovery," said Mr. Alan Dukinfield, Managing Director at S2S.

A new report by Wrap (Waste & Resources Action Plan), an independent body created by the UK Government to promote recycling, reveals that every year, the average household in the UK spends about £800 on new electrical and electronic goods. This equates to about 1.4 million tons of electrical and electronic goods. A similar amount is thrown away, according to the report. "Nearly 40 per cent goes to landfill and less than 10 per cent is reused, despite the fact that much of it either works or could be repaired," it states. By 2016, member states of EU will have to collect, treat and recycle 45 per cent of the electronic products placed on the market. The amount Britain currently collects "roughly equates to 35 per cent by weight under the new targets," according to a spokesperson for the Department for Business. "This means we will have to increase our collection in the next two and a half years from 35 to 45 per cent. We think we will meet this target when we implement the new directive."1

"The S2S Group offers sustainable and compliant disposal of electronics, secure data destruction and the latest 'mobile solution' to refurbish and resale corporate mobile phones. EWSI and S2S together offer solutions to achieve consistent levels of compliance and comprehensive range of offerings," said Mr. Nielson.

The terms of the transaction will be filed with the SEC on Form 8-K.

For information, video and pictures follow E-Waste Systems, Inc. on LinkedIn & Facebook, @EWasteSystemsIn on Twitter and on the Company's website www.ewastesystems.com.

For additional inquiries, contact Investor Relations at: ir@ewastesystems.com.

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 leverages its expansive geographical network of affiliates providing best practices in professional management and state-of-the-art engineering to companies facing regulatory or other mandates for handling e-waste. Additional information, including the business plan summary, pictures and descriptions of the facilities, staff, and overall progress of the Company is available on the official website and social media sites: www.ewastesystems.com, Facebook (http://www.facebook.com/ewastesystems), Twitter (https://twitter.com/EWasteSystemsIn), and LinkedIn. Or contact: Investor Relations at: ir@ewastesystems.com.

About S2S Electronics Ltd.
Established for over 20 years S2S has a proven track record in providing electronic solutions to a wide variety of customers in many industries. S2S is accredited to ISO9001 for quality, ISO14001 for environments and ISO 27001 for security. S2S is a registered AATF (Approved Authorized Treatment Facility) under the WEEE directive and holds a waste carriers/brokers license and a full waste management permit for its site. More information is available on the corporate website: www.s2s.uk.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.

1 http://www.independent.co.uk/news/uk/home-news/grim-forecast-for-ewaste-as-technology-trash-to-top-65m-tons-by-2017-9005446.html

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