TORONTO, ONTARIO--(Marketwire - Feb. 15, 2011) - Environmental Waste International Inc. (TSX VENTURE:EWS) has been selected as one of the 50 top-performing companies on the TSX Venture Exchange (TSXV).
The companies were selected by TSXV based on share price appreciation, trading volume, market capitalization growth and analyst coverage. Ten companies were chosen in each of five sectors - Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences.
"We're proud and delighted to have been selected from the more than 2,000 companies listed on the Exchange," said EWS President and CEO Stephen Simms. EWS ranked 7th in the Clean Technology sector.
EWS has developed a proprietary recycling technology that breaks down used tires at the molecular level, reducing them to their simplest forms - oil, carbon black, steel and hydrocarbon gases. Reverse Polymerization(TM), the patented EWS technology, is the most advanced process of its kind in the world. Since it does not melt tires, but rather breaks apart the molecular bonds, virtually 100-percent of the tires' by-products are reclaimed.
EWS is currently building a showcase facility in Sault Ste. Marie which is expected to begin initial testing by the end of the first quarter. It will be the first large-scale pilot plant of the tire application.
Simms pointed out that some 300 million used tires are generated each year in North America, with several hundred million more generated in the rest of the world. He says the company's goal is to capture about 30 per cent of the global market over the next decade.
EWS took over ownership of the prototype plant in Sault Ste. Marie and re-acquired all sales and marketing rights for the EWS Tire Reduction systems in Canada and the United States by acquiring Ellsin Environmental Ltd. early in 2011.
Please visit www.ewmc.com for further information.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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