Greenwave to Present at Dawson James Small Cap Growth Conference Today at 11:30am ET

Rhea-AI Summary

Greenwave Technology Solutions, a prominent operator of metal recycling facilities, announced that CEO Danny Meeks will present at the Dawson James 7th Annual Small Cap Growth Conference on October 12, 2022, at 11:30 AM ET. Greenwave is set to launch its 12th facility soon and is nearing completion of a second shredder, signaling potential growth. Following the conversion of convertible debt at $6.02 per share, the company now boasts its strongest balance sheet. Meeks expresses gratitude to shareholders and promises regular updates on progress.

JUPITER, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) -- 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 that its Chairman and Chief Executive Officer, Danny Meeks, will be presenting at the Dawson James 7^th Annual Small Cap Growth Conference this morning, October 12, 2022, at 11:30am ET.

“With our 12^th metal recycling facility opening by the end of October and the installation of our second shredder nearing completion, we believe Greenwave is poised for significant expansion,” stated Danny Meeks, Chief Executive Officer of Greenwave. “We know the past ten weeks have been frustrating for Greenwave’s shareholders. The automatic conversion of all of the Company’s convertible debt at $6.02 per share on July 22, 2022 has resulted in Greenwave having its strongest balance sheet in its corporate history. We are thankful to Greenwave’s shareholders for your continued support and look forward to keeping you updated on our progress.”

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 Statements
This 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:
757-966-1432
Info@Greenwavetechnologysolutions.com 

 

FAQ

What is the significance of Greenwave's presentation at the Dawson James Conference on October 12, 2022?

CEO Danny Meeks is expected to discuss the company's growth prospects and future plans.

How many metal recycling facilities does Greenwave currently operate?

Greenwave operates 11 metal recycling facilities in Virginia and North Carolina.

What upcoming facility is Greenwave planning to open?

Greenwave plans to open its 12th metal recycling facility by the end of October 2022.

What financial milestone has Greenwave achieved recently?

Greenwave's convertible debt was converted at $6.02 per share, strengthening its balance sheet.

What are the main products processed at Greenwave's facilities?

Greenwave processes ferrous and nonferrous scrap metal for recycling.