HARBIN, China, July 6, 2010 (GLOBE NEWSWIRE) -- Eastern Environment Solutions, Corp. (OTCBB:EESC), a leading provider of municipal solid waste (MSW) processing and disposal services in northeast China, today announced that its Board of Directors has established audit, compensation and nominating committees.
Ms. Feng Yan, Chief Executive Officer, commented, "We are pleased to have established our audit, compensation and nominating committees. This shows our commitment to meeting the highest standards of corporate governance. In addition to serving critical internal management and corporate governance functions, this development also satisfies another important prerequisite for listing our stock on a U.S. stock exchange."
Copies of the charter documents for the audit, compensation and nominating committees are available for review on the Eastern Environment Solutions website located at www.useesc.com.
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.
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.