Environmental Waste International Inc.

Environmental Waste International Inc.

November 07, 2006 19:38 ET

EWI Closes Private Placement

AJAX, ONTARIO--(CCNMatthews - Nov. 7, 2006) - Environmental Waste International Inc. (EWI) (TSX VENTURE:EWS) announces that it has received regulatory approval for the private placement announced on October 27, 2006. The placement was for 2,500,000 units at $0.10 with 2,500,000 warrants at $0.20 valid until October 31, 2008. Three participants purchased the placement units for a total dollar value of $250,000. All shares issued pursuant to the placement will be subject to a four-month hold period. Funds will be used for ongoing research and development projects and for general working capital purposes.

EWI has designed systems for the sterilization of medical waste, liquid waste and food waste as well as the treatment of several other organic waste streams including the breakdown of used tires. EWI continues to work on designs for other processors. Please visit EWI's home page at: www.ewmc.com.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Environmental Waste International Inc.
    Dr. Stephen Simms
    (905) 686-8689
    Website: www.ewmc.com