SOURCE: E-Waste Systems, Inc.

January 23, 2014 08:32 ET

E-Waste Systems, Inc. Continues Aggressive Expansion in China

Signed $2.3 Million Investment

LONDON, UNITED KINGDOM and SHANGHAI, CHINA--(Marketwired - Jan 23, 2014) - E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management, reverse logistics, environmentally focused services and technology company and the first pure play public e-waste operator, announced today that it has finalized commitment by Tanke Inc to make a $2.3 million investment to support further expansion into China. 

"Last year we began our journey into the Chinese market with the help of a $650,000 investment from Tanke, tied to a Master Licensing Agreement, and we have been thrilled with the results," said Martin Nielson, Founder and CEO of E-Waste Systems, Inc. "China continues to be a strong focus for EWSI, and this new commitment from Tanke is proof positive that the market is responding to what we offer."

In addition to the original $650,000 investment and the $150,000 2-year Master Licensing fee from Tanke in 2013, E-Waste Systems also received a sales commitment under the EWSI brand of $5,000,000 with a 2% royalty1. "We are allocating more resources to EWSI based upon the tremendous interest and success experienced in our first year with the company," said Xiaoying Zhang, CEO of Tanke. "Martin is building an exceptional solution to the growing e-waste problems of the world, and he is elevating the game every day with the addition of deeply entrenched talent throughout the regions of China and beyond."

"The relationship between Tanke and EWSI is stronger than ever, and the deliverables to date have far exceeded both parties' expectations," Martin added. The new agreement between EWSI and Tanke supports the terms of the original, including the 2-year licensing deal, committing an additional $2.3 million investment to further expand operations in China.

"Investment in green technologies a core focus of Tanke and their commitment is evident in the sucess of their initiatives, particularly on behalf of EWSI," said Mr. Nielson. "China has the greatest opportunities for growth in e-waste recycling. Not only is there a massive population adopting the latest technologies, but for over a decade, during the boom in consumer and commercial technology, China was and continues to be a target for e-waste exports. Because of this, China is in need of the most advanced solutions in e-waste recycling, ones that protect the environment and the health of the people, turning these dire problems into exciting opportunities."

EWSI brings technology, regulatory knowledge, industry experience, and an interwoven supply chain solution for the proper handling of high-end electronics recycling, and electronic waste materials recovery and reuse on a global scale. Teaming with EWSI provides access to network affiliates, proprietary technologies, including the ePlant1000, eWasteCC™, and eWasteTrack™, and commitment to the highest industry standards, including zero landfill and the highest tier of health and safety. "In the last 12 months our footprint has grown and we now have inroads in China, India, Mexico, Australia, Argentina, Ghana, The Caribbean, the UK, Italy, plus our core operations in the United States, including California, New York, New Jersey, and Ohio2. We are just getting started, and 2014 is already miles ahead of our break-out year. We continue to expand our technological expertise, industry experience and know-how, network commitments, and processing facilities and capabilities creating a formidable presence in the e-waste solutions marketplace." said Martin. "And the market continues to grow at an unprecedented rate."

Approximately 65 million tons of global e-waste generation is expected annually by 2017 with strong continual growth thereafter3. In 2012, China alone generated 7.25 million metric tons (equivalent to slightly less than 8 million U.S. tons) of e-waste, and introduced over 11 million metric tons of new electronics into the marketplace, many of which will have a shelf-life of only 1-3 years4. They and other emerging economies are also recipients to approximately 70-80% of the e-waste collected by recyclers in the United States, Australia, and Europe5 6 7. "The challenges we face in the Chinese e-waste market are unique so we are navigating through uncharted waters," Mr. Zhang added. "Martin's experience, commitment to green technologies, and his incredible strategic vision are all steering us in the right direction, so we are pleased to contribute our expertise and networking to this exceptional organization."

As recently announced, provided below are the details for the Conference Call that will be held by Martin Nielson from his office in London.

Scheduled time:

Tuesday, 28th January 2014 - 9:00 am EST

Conference call numbers:

United States +1 424-203-8405
United Kingdom +44 (0) 330 606 0180
Australia +61 (0) 3 8672 0100
Japan +81 (0) 3-5050-5100
Argentina +54 (0) 11 5199-3568
More numbers available upon request at ir@ewastesystems.com

Conference access code: 517589

About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first public company focused solely on the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI offers solutions to companies facing regulations or other mandates for handling e-waste. EWSI operates a broad 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, 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, www.facebook.com/ewastesystems, @ewastesystems.com (Twitter), and Linkedin: E-Waste Systems, Inc. Or contact: Investor Relations at: ir@ewastesystems.com

About Tanke, Inc.
Tanke Inc. is a publicly traded holding company and is traded under the symbol TNKE. Tanke is a diversified holding company with the mission to develop, manage and finance emerging companies in high growth industries. Tanke is focused in the development of environmental technologies and "Cleantech" for a wide range of markets such as commercial, industrial and municipal applications. Tanke believes that globalization and the emergence of Asia stresses natural resources, water, energy and food, and environmental technologies will be at the forefront of the new paradigm shift in usage of resources. Through its subsidiaries and affiliates in the world and with its deep experience in China -- the fastest growing emerging market in the world, Tanke seeks to grow through acquisitions, organic growth in the USA and also in the emerging markets. Our holdings consist of: Environmental & Water technologies, eWaste and reverse logistics technologies, and The Triple R Water recycling technology under the Re:Water™ Brand.

Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: IR@tankeinc.com

Safe Harbor Statement: Certain statements and information in this release 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 SEC filing from 2/6/2013 - retrieved from: http://www.sec.gov/Archives/edgar/data/1488309/000111776813000036/mainbody.htm

2 Additional details available at: http://www.ewastesystems.com/investors/news-press/

3 Used Electronics Don't Die. Retrieved from: http://www.ibtimes.com/used-electronics-dont-die-new-e-waste-world-map-reveals-worldwide-toll-discarded-electronics-1509578

4 U-Step, interactive e-waste map, China. Retrieved from: http://step-initiative.org/index.php/Overview_China.html

5 Exporting Electronic Waste - The Question is… to where? Retrieved from: http://www.ewaste.com.au/exporting-electronic-waste-where/

6 E-Stewards: The E-Waste Crisis Introduction. Retrieved from: http://www.e-stewards.org/the-e-waste-crisis/

7 Greenpeace: Where does E-Waste End up? Retrieved from: http://www.greenpeace.org/international/en/campaigns/toxics/electronics/the-e-waste-problem/where-does-e-waste-end-up/

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