SOURCE: Tire International Environmental Solutions, Inc.

February 10, 2011 15:49 ET

Tire International Engages Stone & Youngberg as Investment Banker for Debt Financing

Company Plans Tire Recycling and Rubber Manufacturing Facility in U.S.

NEW YORK, NY--(Marketwire - February 10, 2011) - Tire International Environmental Solutions, Inc. (OTCBB: TRIE), an emerging tire recycling and finished consumer and industrial product company, announced today that it has engaged Stone & Youngberg, LLC, of New York for assistance in structuring and marketing a debt offering as part of its project financing.

The project financing will allow the company to establish U.S. facilities to recycle tires and manufacture recycled rubber products currently produced in China for consumer and industrial use throughout North America. The proposed debt financing would provide $20 million of net proceeds to acquire, equip and operate the new facilities.

Tire International announced in January that it has agreed to acquire Tonmik Import Export Solutions, Inc., a Montreal-based distributor of recycled rubber products that are currently manufactured at its facilities in China. The company intends to develop a fully integrated scrap-tire-to-finished-product tire recycling business in the United States.

Tire International CEO, Anthony Care, said, "This project financing paves the way for us to take the next major step in transforming our company into a sizable and profitable tire recycling and finished products company. We are excited about the prospect of manufacturing finished products here in the U.S. in a way that will give us more control over our business and enable us to better serve our big box and other customers."

About Stone & Youngberg
Stone & Youngberg is a leading financial services company and offers a comprehensive range of products and services to public finance clients, institutional and private investors, and community banks. One of the oldest private financial institutions operating in the country, Stone & Youngberg was founded in San Francisco in 1931 and is a national leader in trading and underwriting fixed-income securities today. The firm makes a market in tax-exempt and taxable municipal bonds nationally, and trades Treasury securities and corporate debt. Stone & Youngberg has offices in San Francisco, Los Angeles, San Diego, New York, Chicago, Phoenix, Albany, NY, Richmond, VA, Annapolis, MD, and Big Bear Lake, CA.

About Tire International Environmental Solutions Inc
Tire International Environmental Solutions, Inc. is a U.S. based company that is seeking one or more business opportunities in tire recycling and waste to value sectors within the waste management industry. The company may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. The company may acquire assets and establish wholly-owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.
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