AJAX, ONTARIO--(Marketwired - March 10, 2014) - Environmental Waste International Inc. ("EWS") (TSX VENTURE:EWS) (the "Company"), a company specializing in eco-friendly systems with proven patented technology for the breakdown of organic materials, today announced that Jian Guo (Bob) has been appointed as Director.
There has been growing interest in EWS from clients and investors in China. Bob Guo, a Chinese Canadian, has considerable experience in dealing with the cultural and language issues the Company faces in managing these opportunities.
Mr. Guo is the founder and CEO of Goldenmount Global Investments Ltd., an Exempt Market Dealer, as well as the Managing Partner of Goldenmount Partners Fund I. Mr. Guo is a Director of GreenStar Agricultural Corporation. Previous to this he worked for TD and BMO Nesbitt Burns providing financial and advisory services to corporate and individual investors. He was given the "Chinese Business Excellence Award" for his expertise and professional services.
Mr. Guo completed his engineering degree in China. He received his MBA from the Schulich School of Business, York University, Toronto.
The Company has received conditional approval to issue 798,000 common share purchase warrants (the "Warrants") to the holders of previously issued debt securities in the aggregate amount of $497,000 (the "Notes"). The Notes were payable on April 30, 2013. All the holders of the Notes agreed to extend the maturity of the Notes until April 30, 2014 and relinquish a convertible feature in consideration for the issuance of the Warrants. Each Warrant entitles the holder to purchase one common share of EWS at an exercise price of $0.20 on or before April 30, 2015.
About Environmental Waste International Inc.
Environmental Waste International, Inc. specializes in eco-friendly systems for the breakdown of organic materials, including tires. EWS has spent over 15 years engineering systems that integrate the EWS patented Reverse Polymerization™ process and proprietary microwave delivery system. EWS's unique microwave technology safely processes and recycles waste tires, while creating highly valuable commodity outputs for industry, including carbon black, oil and steel. Each unit is designed to be energy efficient and where possible, create an economically positive model for the recovery of various hydrocarbon oil and gases. For more information please visit, www.ewi.ca.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Company's most recent Management Discussion & Analysis, which can be found on the Company's profile at www.sedar.com. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.