Byzen Digital Completes Acquisition of Clean-Seas Creating Next Generation Waste Plastic Recycling Company
May 29 2020 - 1:38PM
InvestorsHub NewsWire
Los Angeles, CA -- May 29, 2020 -- InvestorsHub NewsWire --
Byzen Digital Inc. [OTC
PINK: BYZN] announced today that it has acquired a 100 percent
interest in Clean-Seas Inc., pursuant to the exchange agreement
dated May 19, 2020. Clean-Seas is a technology driven
solutions provider for waste plastic recycling with offices in the
U.K., California, New York and India. The Company has
developed relationships with governments, municipalities and
corporate stakeholders around the world from which it expects to
begin providing plastic recycling solutions to meet the needs of
the specific customer.
Byzen Digital acquired Clean-Seas in order to have a foundation
to build upon in the sustainable energy sector. Byzen
believes that in the near term, a significant growth sector of the
economy will be in clean energy and sustainable products and
services, which was a key driver for this acquisition.
The global waste plastic problem continues to grow unabated with
America generating approximately 10.5 million tons per year, while
only recycling approximately 2 percent. Seasteward.org also states
that over 14 billion pounds of plastic waste ends up in the world’s
oceans, primarily from 10 rivers. The Clean-Seas mission
is to establish plastic recycling facilities around the world to
stem the flow of plastic that ends up in the world’s oceans by
developing a robust network of on-land recycling and processing
facilities in emerging and developed nations. The
Company is working with technology providers that process mixed
waste plastic, recycling it into clean burning fuels and generating
clean electricity. The recycling of waste plastics into fuels
and electricity adds to the circular economy and the Company
expects to employ local residents in underserved economies
providing economic opportunity and improving quality of life.
Chris Percy, President of Byzen Digital, announced the
acquisition to its shareholders stating, “Clean-Seas plans to bring
new recycling technologies to bear on the global waste plastic
crisis and we could not be more thrilled with the closing of this
acquisition. This marks an important step forward for
the Company and opens up global opportunities for growth and
revenue generation.”
Subject to available capital, Byzen says it will be adding to
its team attracting technical expertise in project management,
international business development, finance and waste handling and
management. In addition, the Company expects to add a robust team
for data collection and data management, enabling Byzen to
accurately account for the waste plastic being processed and the
clean energy and fuels being created, leading to new lines of
revenue opportunities.
About Byzen Digital Inc.
Byzen Digital is a public company trading on the OTC Pink
Current Market and is presently focusing on mergers and
acquisitions in high growth industries.
For more information go to: www.byzendigital.com.
About Clean-Seas, Inc.
Clean-Seas, Inc. is dedicated to providing efficient and
cost-effective technology solutions that address the global waste
plastic crisis, creating economic opportunity and social benefit in
emerging and developed economies across the world. The Company
expects to develop socially impactful programs, improving quality
of life and conforming to the United Nations Sustainable
Development Goals (SDG). Clean-Seas is driven by the 3P’s, People,
Planet and Profit.
For more information visit: www.clean-seas.com/
Safe Harbor Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management’s own knowledge and assessment of the Company’s industry
and competition. The company assumes no duty to update its
forward-looking statements.
Contact:
Chris Percy
President
Byzen Digital INC
chris.p@byzendigital.com