SOURCE: E-Waste Systems, Inc.

April 01, 2014 13:30 ET

eWaste Systems Announces Creation of Disclosure Committee

EWSI Also Bolsters Existing Committees Fortifying Its Commitment to Compliance

CINCINNATI, OH and IRVINE, CA and LONDON--(Marketwired - Apr 1, 2014) -  E-Waste Systems, Inc. (OTCQB: EWSI) (EWSI, "eWaste Systems," 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 its plans for the appointment of a Disclosure Committee and new appointments to current oversight committees.

"Compliance is a serious matter and we are deeply committed to expanding our systems needed to support operations and increase accountability," explained Martin Nielson, Founder & CEO. "Our growth has been dramatic, both domestically and internationally, and we want to add infrastructure to achieve the highest tiers of quality and operational efficiency. Expansion of our committees brings added structure to our process to ensure we maintain absolute transparency and clarity while providing the needed infrastructure to meet filing and disclosure deadlines including the 2013 10-K."

The Disclosure Committee will oversee the process and coordinate compliance with applicable securities laws through accurate and complete information regarding the Company's financial and operational performance. The committee will also have oversight of the process for continuous improvement of the Company's controls and other relevant procedures.

eWaste Systems also announced the formation of an Audit Committee and a Compensation Committee. "These changes are all in support of EWSI's growth to ensure we have the systems in place to support the rapidly expanding operations as well as implantation of governance as required for our stated objective of qualifying for an up-list by the end of the year," added Mr. Nielson. "We have a big year behind us and are working around the clock to ensure everything is delivered timely to our investors and maintain compliance with all relevant securities laws. In 2014 we expect even more dramatic growth and it is time to put the systems in place to support our operations and insure that our processes keep up." 

About eWaste Systems
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI conglomerates a large geographical network of affiliates, offering best practices in professional management and state-of-the-art engineering, creating a truly global and increasingly comprehensive-waste solution. Teaming with eWaste Systems means committing to the highest tiers of health and environmental compliance initiatives and having access to industry-leading global supply chain networks, cutting-edge technology, including the innovations from partners such as NRT Sorters and Loyalty Equipment, the proprietary ePlant1000™, and the eWasteCC™ carbon credit and eWasteTRACK™ solutions.

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 (https://www.facebook.com/ewastesystems), Twitter (https://twitter.com/EWasteSystemsIn ), and LinkedIn (http://www.linkedin.com/company/e-waste-systems-inc-?trk=company_name). Or contact: Shareholder Relations at: rshaw@ewastesystems.com and 800.994.0691.

For inquiries related to teaming with eWaste Systems and its large network of affiliates, contact info@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.

NOTE: The eWaste Systems press release dated 3/6/2014 mentioned as a side-note that somebody from the Cincinnati Business Courier would attend the Grand Opening of the new Cincinnati facility, but this was a mistake, and they did not confirm their attendance, nor were they present at the event.

Contact Information

  • For inquiries related to teaming with eWaste Systems and its large network of affiliates, contact
    eWaste Systems
    info@ewastesystems.com