DALIAN, China, Jan. 25 /PRNewswire-Asia/ — China Industrial Waste Management, Inc. (OTC:CIWT) (BULLETIN BOARD: CIWT) (’China Industrial Waste Management’ or the ‘Company’), a leading environmental services and solutions provider in China, announced today that the Company’s 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. (’Dalian Dongtai) has signed a major waste management contract with one of the top five shipbuilding companies in Dalian.

Per the contract, Dalian Dongtai will dispose and treat a variety of wastes generated by the shipbuilding company at a predetermined unit price for each type of waste. According to the shipbuilder’s annual production plan, the total volume of waste is estimated to be 30,000 tons per year which will bring the company approximately $2.0 million of revenue annually.

‘We are pleased to announce that Dalian Dongtai has become a much more prominent brand in the waste management industry in China,’ said Mr. Jinqing Dong, Chief Executive Officer. ‘There are several large scale shipbuilders in the area and Dalian is becoming a world shipbuilding capital. Our firm is uniquely prepared to meet the waste collection, transportation and processing needs of the builders, repair firms and the other supporting players. We have the technology and the capacity to move aggressively into this important space.’

About China Industrial Waste Management, Inc.

China Industrial Waste Management, Inc. is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People’s Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. (’Dongtai’) and other indirect subsidiaries. Dongtai treats, disposes of and/or recycles many types of industrial wastes, and recycled waste products used by customers as raw material to produce chemical and metallurgical products. In addition, Dongtai treats or disposes industrial waste through incineration, burial or water treatment, and provides environmental protection services, technology consultation, pollution treatment services, waste management design processing services, waste disposal solutions, waste transportation services, onsite waste management services, and environmental pollution remediation services. For more information, please visit the Company’s website (http://www.chinaciwt.com/ ).

Source: PR Newswire

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