Environmental Waste International Inc.

Environmental Waste International Inc.

December 28, 2006 16:04 ET

EWI Closes Sale of Building and Land

AJAX, ONTARIO--(CCNMatthews - Dec. 28, 2006) - Environmental Waste International Inc. (EWI) (TSX VENTURE:EWS) announced that it closed a transaction to sell its building and land located at 283 Station St. Ajax to an arm's length third party for $1,765,000 on December 21, 2006. EWI will remain at the location and has signed a 5 year lease for the required office and lab space. The sale proceeds were used to repay the mortgages and secured loans. EWI's annual operating costs, net of the new lease, will be reduced by over $200,000.

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