E-Waste Systems, Inc. Files 3rd Quarter 2014 Results
Overview and Highlights of the recently closed Quarter for EWSI.
London, United Kingdom, November 21, 2014 --(PR.com)-- E-Waste Systems, Inc (OTCQB: EWSI) ("EWSI," "the Company" or eWaste Systems) an electronic waste management, environmentally focused services and technology company, released financial results for the period ending September 30th 2014.
EWSI announces its 3rd quarter 2014 results and reports a gross profit of $215,503, representing nearly a 350% increase compared to the second quarter results and a 300% increase over the same quarter of 2013. The performance in 2014 year to date reflects an increase of of 256% over the same three quarters of 2013. Consistent with the commitment of senior management, total operating expenses decreased 310% compared to the previous quarter. Full details are available on both the company’s website and as filed with the SEC.
“EWSI continues to focus on fundamentals to expand revenues and increase margins while reducing costs. We have not slowed our efforts to expand our inventory of available technologies nor has our plan to build a global brand slowed in any way. The progressive increase of e-waste processing in our facilities and adherence to our plan is leading us toward the target of self-sufficiency and profitability of our operations,” said Martin Nielson, Founder & CEO of E-Waste Systems. “This quarterly results are a result of our investment in establishing a platform upon which we can grow in the months ahead. We are still investing and we will continue to do so. At the start of last year, we announced our plan to create a global brand, develop unique technologies for the industry and accelerate our revenue, with a goal of significantly increasing the value of our company and that plan remains firmly intact,” added Mr. Nielson.
“In addition to our focus on the growth of our platform and operations in the US, we are expanding our network of affiliates and partners around the world. The venture with S2S Electronics in the UK, is significant addition to our strategic relationships and today we have a processing footprint on every continent. EWSI can now provide custom solutions and state-of-the-art technology world-wide through our alliances all of which share our commitment and belief in a sustainable future,” offered Mr. Nielson. “We are building the infrastructure to support, develop and manage promising business opportunities with several under consideration now.”
For information, video and pictures follow E-Waste Systems, Inc. on LinkedIn & Facebook, @EWasteSystemsIn on Twitter and on the Company’s website www.ewastesystems.com.
For additional inquiries, contact Investor Relations at: ir@ewastesystems.com.
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI leverages its expansive geographical network of affiliates providing best practices in professional management and state-of-the-art engineering to companies facing regulatory or other mandates for handling e-waste. 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, Twitter, and LinkedIn. Or contact: Investor Relations at: ir@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.
EWSI announces its 3rd quarter 2014 results and reports a gross profit of $215,503, representing nearly a 350% increase compared to the second quarter results and a 300% increase over the same quarter of 2013. The performance in 2014 year to date reflects an increase of of 256% over the same three quarters of 2013. Consistent with the commitment of senior management, total operating expenses decreased 310% compared to the previous quarter. Full details are available on both the company’s website and as filed with the SEC.
“EWSI continues to focus on fundamentals to expand revenues and increase margins while reducing costs. We have not slowed our efforts to expand our inventory of available technologies nor has our plan to build a global brand slowed in any way. The progressive increase of e-waste processing in our facilities and adherence to our plan is leading us toward the target of self-sufficiency and profitability of our operations,” said Martin Nielson, Founder & CEO of E-Waste Systems. “This quarterly results are a result of our investment in establishing a platform upon which we can grow in the months ahead. We are still investing and we will continue to do so. At the start of last year, we announced our plan to create a global brand, develop unique technologies for the industry and accelerate our revenue, with a goal of significantly increasing the value of our company and that plan remains firmly intact,” added Mr. Nielson.
“In addition to our focus on the growth of our platform and operations in the US, we are expanding our network of affiliates and partners around the world. The venture with S2S Electronics in the UK, is significant addition to our strategic relationships and today we have a processing footprint on every continent. EWSI can now provide custom solutions and state-of-the-art technology world-wide through our alliances all of which share our commitment and belief in a sustainable future,” offered Mr. Nielson. “We are building the infrastructure to support, develop and manage promising business opportunities with several under consideration now.”
For information, video and pictures follow E-Waste Systems, Inc. on LinkedIn & Facebook, @EWasteSystemsIn on Twitter and on the Company’s website www.ewastesystems.com.
For additional inquiries, contact Investor Relations at: ir@ewastesystems.com.
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI leverages its expansive geographical network of affiliates providing best practices in professional management and state-of-the-art engineering to companies facing regulatory or other mandates for handling e-waste. 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, Twitter, and LinkedIn. Or contact: Investor Relations at: ir@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.
Contact
E-Waste Systems Inc.
Cris Giancotti
+39 3299111817
www.ewastesystems.com
Cris Giancotti
+39 3299111817
www.ewastesystems.com
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