LOS ANGELES, April 23, 2013 /PRNewswire/ -- To celebrate Earth Week, E-Waste Systems, Inc. (OTCQB: EWSI) (the "Company"), an electronic waste management and reverse logistics company, is holding a Free Electronics Recycling event on April 27, 2013 from 11am to 4pm at The Home Depot Center in Carson, California.
The event is part of The Home Depot Center's and LA Galaxy's Earth Week activities (http://aegworldwide.com/about/newsdetail/2334) and it will help raise funds for The Home Depot Center Charitable Foundation. Most electronic devices will be accepted at no cost, including computers, monitors, televisions, phones, printers, digital cameras, and keyboards. However, refrigerators, air conditioners, batteries, light bulbs, and thermostats cannot be accepted at this event.
Also partnering with EWSI on the event is Isidore Electronics Recycling ("Isidore"), a Los Angeles-based triple bottom line company that provides high quality e-waste reuse, recycling and disposal solutions that are environmentally conscious and that create employment opportunities for people exiting California's correctional system. EWSI and Isidore previously signed a teaming agreement, which was filed with the SEC on Form 8-K.
"We are pleased to work with Isidore on this event," said Martin Nielson, CEO of EWSI. "Isidore's service capabilities combined with its social mission are a natural complement to our commitment of managing e-waste with the highest environmental and ethical standards."
EWSI's office at the Los Angeles Cleantech Incubator (LACI) (http://laincubator.org/) is in close proximity to Isidore's headquarters, both of which are located in the Cleantech Corridor (www.cleantechlosangeles.org/corridor/) of downtown Los Angeles.
"The Los Angeles market is a top priority for EWSI," stated Mr. Nielson. "With this collection event, our recently announced software development agreement with Village Green Global to develop the eWaste Carbon Credit module (eWasteCC™), and other business development initiatives in the region, we are actively building on the foundation provided by our office at LACI. We expect to routinely hold collection events of similar scale in our other priority markets."
E-Waste in Los Angeles
According to the Los Angeles Economic Development Corporation, Los Angeles County has an economic output of $500 billion and is the largest manufacturing center in the nation based on employment. Studies have shown that the city of Los Angeles alone generates nearly 10 million tons of solid waste annually yet has one of the highest recycling rates in the nation. The city has adopted a 75% waste diversion target by 2013 and the long term goal of zero waste by 2025. Discarded electronics are the fastest growing segment of the municipal waste stream and are regulated under California's Electronic Waste Recycling Act of 2003, the first law of its kind in the nation.
The e-waste and reverse logistics market has become a $100B+ annual business (Source: Blumberg Associates), excluding much of the resale of still usable goods that flood the marketplace as new updates in software and hardware are released. Furthermore, as environmental legislation and policies sets more stringent requirements for the disposal of these items, many analysts and practitioners expect e-waste to grow faster than any other waste stream over the next 5 years. The benefits of e-waste management and recycling are many, including conservation of natural resources, creation of new jobs, prevention of environmental contamination by toxic chemicals, and reduction of energy requirements.
About Isidore Electronics Recycling
Isidore Electronics Recycling ("Isidore") is a Los Angeles-based triple bottom line company that provides high quality e-waste reuse, recycling and disposal solutions that are environmentally conscious and that create employment opportunities for people exiting California's correctional system. Isidore's vision is to build a world in which our resources – both human and natural – are valued, not wasted. http://www.isidorerecycling.com/
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the sole pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI targets companies facing regulatory or other mandates for handling e-waste. EWSI operates and assists its large geographical network of affiliates, applying best practices in professional management, offering state-of-the-art engineering, and providing a truly global e-waste solution. Additional information, including the business plan summary, is available on the Company's website: www.ewastesystems.com.
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Safe Harbor Statement: Certain statements and information in this release 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.
SOURCE E-Waste Systems, Inc.