eWaste Systems Announces Creation of Disclosure Committee
April 01 2014 - 1:30PM
Marketwired
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.
For inquiries related to teaming with eWaste Systems and its
large network of affiliates, contact eWaste Systems
info@ewastesystems.com