Environmental Solutions Worldwide Receives Order From Nissho Iwai
MARKHAM, Ontario--Nov. 27, 2001--Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW), a company that develops, manufactures, and sells environmental technologies, today announced that the Company received its first order for catalytic converters from Nissho Iwai Canada for the Mexican market.All certification testing for the Mexican Government has not been fully completed; however, Nissho Iwai has indicated that the initial test results have been very positive. Final testing results are expected to be complete by mid December. Nissho Iwai has placed an initial order to satisfy a distributor request as well as in an effort to prepare itself as to the most efficient system for future logistics of distribution of our catalytic converter products from North America to Mexico.
Nissho Iwai has launched their new multi language website specifically designed to service its distribution network in Mexico and South America. The comprehensive site includes product information of products supplied by ESW, order taking capabilities and technical support. http://www.niclenv.com
Mr. Odner Chairman of ESW commented: "I am very pleased that our company has received this first order in relation to the three-year distribution agreement previously announced on September 5th this year. This order is in line with Nissho's timetable that has been outlined to us to meet Nissho's distributor requirements and we are looking forward to a mutually profitable business relationship. We remain committed to further strengthening our distribution channels for our products and implementing a systematic plan for future growth to attain profitability."
About Nissho Iwai Canada Ltd.
Nissho Iwai Canada Ltd. is a division of Nissho Iwai Corporation based in Osaka, Japan. Nissho Iwai Corporation is one of the world's largest vertically integrated trading companies with annual sales transactions exceeding more than $90 billion USD. Worldwide, Nissho Iwai Corporation has 31 domestic and 133 overseas offices.
To find more information about Nissho Iwai Corporation, please visit their website at: http://www.nisshoiwai.co.jp/ni/e/tradepia.html
About Environmental Solutions Worldwide, Inc.
Headquartered in Toronto, Environmental Solutions Worldwide, Inc. is a publicly traded research and development company engaged in the design, development, manufacture and sales of environmental technologies currently focused on the international automotive and transportation industries. For more information about our Company, please visit our Company's website at www.cleanerfuture.com
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.