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E-Waste Systems Inc To Acquire R2 Recycler 2TRG

Tuesday, 9 Jul 2013 06:00am EDT 

E-Waste Systems Inc announced that it has entered into a letter of intent to acquire eWaste recycler 2TRG (2TRG) of Cincinnati, Ohio. The acquisition is expected to add more than $5 million in current annual revenues and over 12M pounds processed with the potential capacity to reach 75M in annual tonnage. The initial transaction involves acquiring 25% of the equity of 2TRG in exchange for $385,000 of Series A Preferred stock of EWSI, leading to the acquisition of 100% of the business as soon as the final agreement is concluded. 

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