China Industrial Waste Management, Inc. (OTC BB: CIWT) is a leading industrial waste processor and environmental protection, pollution treatment and solutions provider in China. Through its 5 subsidiaries in Dalian, China and surrounding areas in Liaoning province, CIWT is engaged in the collection, storage, treatment, disposal and recycling of industrial wastes, valuable metal extraction and recycling, operating municipal sewage plants, municipal sludge treatment, environmental protection equipment manufacturing and environmental protection consultation. China Industrial Waste Management is licensed by State Environmental Protection Administration (SEPA) and operates proprietary and non-proprietary systems for waste treatment and recycling. The Company leveraged its strong research and development capabilities to develop a proprietary Waste Organic Solvent system which was awarded "National Key Practical Technology for Environmental Protection" by the Chinese Ministry of Science and Technology and the State Administration of Environment Protection. CIWT has an experienced management team which possesses strong technical capabilities focused on the waste treatment and disposal industry. The company currently serves more than 600 customers including fortune 500 companies such as Pfizer, Canon and Panasonic. For the first six months of 2008, CIWT’s revenues and net income increased 62.1% to $6.7 million and 101% to $2.7 million respectively, compared to the same period in 2007.
|