Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e956bec0-0fcb-4284-b293-88c1681d5bc3&Preview=1
Date 2/17/2010
Company Name ecoATM
Mailing Address 10309 Pacific Center Ct San Diego, CA 92121
Company Description Solving the eWaste problem on a broad scale requires the collaboration of the OEM’s that make the devices, the retailers that sell them, and the consumers that buy and retire them. With $25B in latent consumer assets available to mine and use as the incentive for all stakeholders in the chain, ecoATM will dramatically alter the current life-cycle of consumer electronics much the way 1970’s redemption value laws on bottles and cans dramatically changed their life-cycle. Given the enormous underserved worldwide demand for used mobile phones and other electronics, and the enormous and perpetually growing cache of these devices cluttering the homes of US consumers, a rare opportunity exists to build an enterprise which benefits consumers, retailers, OEM’s, and the environment alike. Please join us in transforming eWaste to the benefit of everyone!
Proceeds Purposes The overwhelming response to initial market tests convinced us that ecoATM’s approach will enable a 10-fold increase in recycling. We are very pleased to be involved in this exciting and worthwhile enterprise.