Atlanta, GA - June 13, 2012 (Investorideas.com Newswire) - The Street Beat commentary - E-Waste Systems, (OTCBB:EWSI), announced today that Larry Magor has been elected chairman of the board of directors effective immediately.
Martin Nielson, CEO of EWSI states, "I asked Larry to consider this role and am thrilled he has accepted it. With our recent hiring of Oracle Capital as lead investment advisors and Larry in this role, we have dramatically added experience to our team that will be a great help in executing our strategy and uplisting our stock. His NYSE and multinational CEO experiences are extremely valuable to us and we think this is a great fit."
Mr. Magor joined the EWSI board in July of last year and has chaired the independent audit and compensation committees since then. Previously, he was CEO of Biwater, a multinational water and waste treatment company based in the UK and was chairman of Netherlands based Cascal leading up to and after its flotation on the New York Stock Exchange. A Chartered Management accountant, Mr. Magor previously held senior finance roles with Courtaulds.
EWSI's management has stated it plans to re-list the company's shares on an exchange as soon as it qualifies and the election of Mr. Magor to the chairman's role, plus the planned election of another non-executive board member are both expected to enhance that effort. NASDAQ's recently announced BX Ventures exchange, for example, requires a majority of independent directors and an independent audit committee.
Larry Magor stated, "I appreciate the support of Martin and the rest of the board in appointing me to the role of Chairman and I look forward to helping guide EWSI to its goal. EWSI is in 'the right place at the right time' and with the recent appointment of Oracle Capital and the impending acquisitions we are confident of a successful execution of our strategy."
About E-Waste Systems, Inc.:
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 acquisition strategy. www.ewastesystems.com
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail email@example.com or call (662) 392-0740 for pricing and scheduling.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.