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EWMC
RAISES ADDITIONAL CAPITAL
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| July 9, 1997 |
| E.W.M.C. International
Inc. (EWMC) is pleased to announce that EWMC has closed a private placement
for one million shares at $0.75, raising $750,000 for the company. The private
placement includes a 2 year warrant, exercisable for the purchase of an
additional one half million shares at an exercise price of $1.50 for the
first year, and $1.75 for the second year. The entire private placement
is subject to an 18 month hold period. EWMC’s Board of Directors has recently established a new mandate for the company. The new directive was to raise the capital needed to relocate the EWMC Medical Waste Processor presently operating in Ajax, to a Canadian hospital. EWMC believes that it is important to carry out this (in the field) demonstration of the technology to fully showcase the processor’s proven ability to sterilize and carbonize hospital infectious biomedical waste on a continuous basis. EWMC is confident that this new marketing effort of placing the processor in a hospital will accelerate its future sales. EWMC is presently ready to enter the US market through a well-organized sales effort aimed initially at the larger hospitals and HMO’s. The key to this sales approach is to eliminate infectious biomedical waste in an environmentally and economically responsible manner with hard dollar savings to the hospital. The EWMC Processor uses the patented Emery Reverse Polymerization Process to break down long chain hydrocarbons to their simpler forms, thus totally sterilizing all waste, as well as reducing the waste up to 90% by volume, depending on the composition of each waste load. The first production prototype has been operating at EWMC’s Ajax facility since September of 1996. While every effort is made to keep all information current and accurate, all information is subject to change without notice. Errors and omissions excepted. © Copyright 1998-2000 |
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Advanced Technology For Specialty Waste Streams
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