HARBIN, China, Aug. 12, 2010 (GLOBE NEWSWIRE) -- Eastern Environment Solutions Corporation (OTCBB:EESC), a leading provider of municipal solid waste (MSW) processing and disposal services in northeast China, today announced the appointment of Professor Shiping Wang as an independent director to the company's board of directors. This appointment increases the board to five members, including three independent directors.
Ms. Feng Yan, Chief Executive Officer, commented, "We are very pleased to welcome Professor Shiping Wang to the board of directors. Professor Wang has been a valuable and trusted advisor to EESC since 1997, and has a deep understanding of our company. He has extensive experience in waste disposal technologies, specializing in urban waste disposal and food waste treatment. His knowledge of the waste treatment industry will be of great value to EESC."
Ms. Feng continued, "Over the course of this year, we have added three independent members to our board of directors. These strategic additions have provided the company with extensive financial experience and industry knowledge, as well as specializations within key areas of the waste industry. By adding these experts and industry leaders, our company is better-equipped to accelerate our growth and efficiently scale our operations within this highly fragmented market."
Professor Shiping Wang has devoted his career to academic research and developing process improvements in the fields of waste composting and waste disposal technology. Since 2003, he served as a professor at the Institute of Food Engineering of China Agricultural University. Professor Wang's research focuses on agricultural and urban waste disposal, and he specializes in analyzing and developing programs for utilizing food waste. From 1997 to 2003, he was employed as a professor and director of the Life Science and Biotechnique Research Center at China Northeast Agriculture University, with a focus on solid waste disposal research. From 1997 to the present, Professor Wang has been affiliated with Meishang Biology High Science and Technology Environment Protection Co., Ltd., where he serves part-time as Chief Scientist. Between 1997 and 2006, he served the same company as Chief Technology Officer and Executive Vice President. Professor Wang also serves as the environmental protection model city evaluation expert for China's Ministry of Environmental Protection. He is an expert at comprehensive resource utilization and evaluation with China's Ministry of Science and Technology, and is an expert at the China Resources Recycling Association. In 1992, Professor Wang was awarded a Master's Degree in Environmental Monitoring by the China Jilin University.
About Eastern Environment Solutions Corp.
Eastern Environment Solutions Corp. is the first regional environmental engineering company to operate under a Build-Operate-Transfer ("BOT") contract in China. The Harbin Municipal Urban Administrative Bureau, authorized by the Harbin Municipal Government, signed a franchise contract for 17 years with the company. The landfill can be used to dispose of 1,500 tons of MSW per day, or approximately 42% of the total municipal solid waste produced by the population of Harbin. Additional information about the Company is available at www.useesc.com/">www.useesc.com.
This press release may contain forward-looking statements. Such statements include, among others, those concerning the company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the company's ability to overcome competition in its market; the impact that a downturn or negative changes in the price of the company's products could have on its business and profitability; the company's ability to simultaneously fund the implementation of its business plan and invest in new projects; economic, political, regulatory, legal and foreign exchange risks associated with international expansion; or the loss of key members of the company's senior management; any of the factors and risks mentioned in the "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2009. The Company assumes no obligation, and does not intend to update any forward-looking statements.