E-Waste Systems (EWSI) Announces Appointment Of Oracle Capital As Investment Bankers
Company also affirms its status as a fully reporting and SEC compliant issuer on the OTCBB
LONDON and SAN DIEGO, May 10, 2012 /PRNewswire/ -- E-Waste Systems, Inc. (OTCBB: EWSI), announced today that it has appointed Oracle Capital, LLC (Oracle Capital), a registered broker-dealer, to the dual roles of M&A Advisor and Placement Agent.
With Oracle Capital as lead advisor, EWSI expects to ramp up its acquisitions; to begin a capital formation program; and to create and implement a strategic plan to list the company's stock on a national exchange as soon as it qualifies.
Martin Nielson, CEO of EWSI stated, "We are very enthusiastic about this relationship with Oracle Capital's cleantech banking team. Our growth strategy requires capital and quality M&A advice and we are confident that Oracle Capital can provide great help in executing our strategy."
David Andresen, Managing Director at Oracle Capital, added, "The growing waste streams generated by electronics industry represents a significant opportunity for recyclers, which E-Waste is targeting with a unique growth strategy."
Ian Gardner, Vice-President at Oracle Capital and formerly of The Boston Consulting Group, commented, "The electronic waste industry is highly fragmented, populated by many small companies. Historically, many similarly fragmented industries have been dominated by companies with the vision and operational expertise to build scale, realize efficiencies, provide single source services to large OEMs and deploy the best technology. Eventually smaller companies undergoing consolidation either need to be acquired, merge, or they won't survive. E-Waste's strategy is well positioned to create a dominant player in the emerging electronic waste recycling industry."
About E-Waste Systems, Inc. (www.ewastesystems.com)
Headquartered in London, where e-waste regulations are the most stringent in the world, EWSI aims to be a leading provider of e-waste services in key jurisdictions globally. Blumberg Associates estimates the e-waste sector at $55B annually, and legislation increasingly mandates that e-waste can no longer be landfilled. OEM's and retailers are increasingly responsible for end-of-life management of e-waste, while CSR demands highly compliant, professional solution providers. The e-waste industry is highly fragmented and EWSI considers these elements as an attractive environment for its buy-and-build strategy.
About Oracle Capital (www.oraclecapital.com)
Oracle Capital LLC provides financial advice and investment banking services to private and public companies throughout the world. The firm's philosophy is to develop deep, meaningful and long-term relationships as a full service financial advisor throughout a client's life cycle. The Company's broker dealer, Oracle Capital Securities LLC is a leading FINRA registered boutique investment bank focused on cleantech.
EWSI's future results or action using the words "anticipate," "believe," "estimate," "may," "intend," "expect," etc. are 'forward-looking statements' within the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933 and the Securities Exchange Act of 1934 and are subject to risks, uncertainties, and factors that could cause actual results to differ materially, including, but not limited to, future capital needs, changes, delays, or market acceptance.
Martin Nielson, CEO
SOURCE E-Waste Systems, Inc.
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