Environmental Waste International Inc.
TSX VENTURE : EWS

Environmental Waste International Inc.

June 25, 2015 12:37 ET

Environmental Waste International Inc. Enters Into $500,000 Promissory Note

AJAX, ONTARIO--(Marketwired - June 25, 2015) - 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 The Collectors' Fund L.P, an entity managed by Amici Capital, loaned the Company $500,000 pursuant to a demand promissory note bearing interest at a rate of 8% per annum.

It is expected that this promissory note will be replaced within the next 30 days by a credit agreement. It is further expected that the Company's obligations under the credit agreement will be secured against all of the

Company's current and after acquired personal property. The terms of the credit agreement and security documents are currently being negotiated by the parties, all of which will be subject to regulatory approval. The Company will issue a further press release once the terms of the credit agreement and security documents have been finalized.

The proceeds of the funds advanced by The Collectors' Fund will be applied to general working capital purposes.

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 a highly valuable commodity output 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.

Forward-Looking Statements

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.

Contact Information