Greenwave Appoints Ashley Sickles as Chief Financial Officer
September 19 2022 - 2:40PM
Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company")
(NASDAQ: GWAV), a leading operator of 11 metal recycling facilities
in Virginia and North Carolina, is pleased to announce it has
appointed Ashley Sickles as its Chief Financial Officer. Mrs.
Sickles previously served as Director of Finance for JAWS, Inc., a
leading regional restaurant operator and franchisor with multiple
locations, from June 2017 to August 2022.
Greenwave generated record revenues
of $10.70 million during the quarter ending June 30,
2022, an increase of 56% from the $6.88 million in
revenue Empire Services, Inc. generated in the same period in
2021. Further, the Company generated positive cashflows from
operating activities of $566,238 for the six months
ending June 30, 2022.
“We are grateful to Mr. Jordan, our former
part-time Chief Financial Officer, for his service and
professionalism to the Company the past several months as we
successfully uplisted to Nasdaq,” stated Danny Meeks, Chief
Executive Officer of Greenwave. “Following the conversion of $39.16
million of convertible debt and accrued interest into shares of
common stock at $6.02 per share on July 22, 2022, Greenwave has the
strongest balance sheet in its history and we believe the Company
is strongly positioned to grow its revenues and profit margins in
the coming quarters. We’d like to thank Greenwave’s shareholders
for their continued trust and look forward to reporting back on our
progress.”
The Company is currently installing a second
shredder at its Carrollton yard to process cars, household
appliances and industrial products, along with a downstream system
at its Kelford yard to increase its recovery yields of copper,
aluminum, brass, steel, stainless steel, and other metals. The
shredder and downstream system are on track to come online in the
coming months and are expected to double the Company’s processing
capacity, significantly growing its revenues and increasing its
profit margins.
About Greenwave Greenwave
Technology Solutions, Inc., through its wholly owned subsidiary
Empire Services, Inc. (“Empire”), is a leading operator of 11 metal
recycling facilities in Virginia and North Carolina. At these
facilities, Empire collects, classifies, and processes raw scrap
metal (ferrous and nonferrous) for recycling. Steel is one of the
world’s most recycled products with the ability to be re-melted and
re-cast numerous times while offering significant economic and
environmental benefits when compared with virgin materials. For
more information, please
visit https://www.greenwavetechnologysolutions.com/.
Forward-looking StatementsThis
press release contains certain forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These include, without limitation,
statements about its revenue growth, opening of additional
locations, and cashflow projections. These statements are
identified by the use of the words "could," "believe,"
"anticipate," "intend," "estimate," "expect," "may," "continue,"
"predict," "potential," "project" and similar expressions that are
intended to identify forward-looking statements. All
forward-looking statements speak only as of the date of this press
release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested
by the forward-looking statements are reasonable, we can give no
assurance that these plans, objectives, expectations or intentions
will be achieved. Forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially
from historical experience and present expectations or projections.
Actual results may differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in our filings with the
U.S. Securities and Exchange Commission. Except as required by law,
we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
Contact
Info:757-966-1432Info@Greenwavetechnologysolutions.com
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