Environmental Solutions Worldwide, Inc. Makes Announcement.TORONTO--(BUSINESS WIRE)--Oct. 6, 1999-- Environmental Solutions Worldwide, Inc. (ESWW) is pleased to announce that it has received comments from the SEC on its Form 10 filing to register its common stock under the Securities Exchange Act of 1934. The company is in the process of reviewing the documents, and will submit a revised filing as soon as possible. The company is pleased to announce that Bengt Odner has accepted the role as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the company as of Sept. 1, 1999. Odner's background has for most of his working life been involved in finance. He has a variety of experience within the Shipping, Banking, and Film industry. In the last ten years, Odner has worked as chairman for Altus Altus (ăl`təs), city (1990 pop. 21,910), seat of Jackson co., SW Okla.; inc. 1907. The city's agricultural products include cotton, wheat, sorghum, and cattle. There is light manufacturing. Nord AB, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Credit Lyonais Bank in Paris, mainly taking care of their property investment portfolio in Scandinavia. Due to the sale of some of the bank's outside activities in Scandinavia in 1995, Odner went on to become a director for The Crystal Fund in Bermuda, a private mutual fund specializing in Scandinavian equities. Odner was born in Sweden in 1953, educated in Boston, Boston University Boston University, at Boston, Mass.; coeducational; founded 1839, chartered 1869, first baccalaureate granted 1871. It is composed of 16 schools and colleges. (BA), Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing (MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration ). Odner says, "The company is progressing according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. plan, for acquiring plant space in the Toronto, Ontario area, to set up their own manufacturing and testing facilities. Initial manufacturing of prototypes for further testing is scheduled to begin in the late fall, with the intention of having full prototype manufacturing capabilities by the end of the year." The statements contained in this news release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company, the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially, from expected results. Such risks include the timing of implementation and the scope and success of the program described herein. |
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