LONDONand COLUMBUS, Ohio, Feb. 1,2012 /PRNewswire/ --E-Waste Systems, Inc. (OTC BB: EWSI) announced today that it has joined forces with Zak Enterprises of Santa Clara, CA to expand its geographic coverage with immediate customer services.
Zak Enterprises is based in the heart of Silicon Valley and is among the longest serving companies in the end of life electronics industry. The new agreement will allow seamless, best-in-class service delivery to customers of both companies with consistent, high quality standards. Product has already begun flowing from Zak customers in Europe through EWSI's network with more expected to follow.
EWSI's strategy includes acquiring and partnering with quality enterprises with innovative managements, who share the commitment to providing compliant, cost-effective and environmentally-responsible services for e-waste processing, reverse logistics and hardware recycling. Through partnerships, acquisitions, thought-leading business development, and Fair Trade E-waste solutions, EWSI expects to extend its reach and offering; to apply best practice professional management; and to invest in state-of-the-art technology.
"We are very please to link up with Kurt Schenk and his team at Zak," said EWSI's CEO Martin Nielson. "Our companies share the commitment to providing top quality end-of-life services and this agreement allows us both to expand our reach in that pursuit."
Mr. Schenk commented, "Our industry is consolidating and becoming more vertically integrated. We see this partnership as a way to leverage a global presence on behalf of our large enterprise customers." For more information on Zak Enterprises, see www.zakenterprises.com
The three-year agreement defines the quality services under offer; provides for full audit trails of all transactions; provides a mechanism for sharing economic benefit; requires periodic reviews; and includes non-disclosure and non-circumvention terms.
About E-Waste Systems:
Headquartered in London, where e-waste regulations are the most stringent in the world, EWSI is becoming a leading provider of e-waste related services in key jurisdictions globally. Blumberg Associates estimates the sector at $55B annually as legislation mandates that e-waste can no longer be landfilled. OEM's, retailers and consumers are increasingly responsible for end-of-life management of e-waste, while Corporate Social Responsibility demands highly compliant, professional solution providers. "Our industry is also highly fragmented that EWSI considers these elements as an attractive environment for its buy, build, and upgrade strategy," said Martin Nielson. For more information, please visit www.ewastesystems.com
Forward-Looking Statement:
Herein, regarding EWSI's future results or actions, 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 other factors that could cause actual results to differ materially, including, but not limited to, future capital needs, changes, delays, or market acceptance.
Contact:
Martin Nielson, CEO
E-Waste Systems, Inc. +1 650 283 2907
mnielson@ewastesystems.com
SOURCE E-Waste Systems, Inc.
