Environmental Waste International Inc.

Environmental Waste International Inc.

October 27, 2006 16:34 ET

Private Placement of Units

AJAX, ONTARIO--(CCNMatthews - Oct. 27, 2006) - Environmental Waste International Inc. (EWI) (TSX VENTURE:EWS) announces that, subject to regulatory approval, it plans to issue by way of a private placement a minimum of 1,500,000 and a maximum of 2,500,000 Units in order to raise a minimum of $150,000 and a maximum of $250,000. Each Unit will be issued at a price of $0.10 and will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share of EWI at a price of $0.20 for a period of two years from the date of issue. 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.