U.S. and World Newswire : Business : Alliances and Partnerships News

GEEP International and Techway Services Announce Joint Venture

Published: Mon, 17 Sep 2007, 22:12:00 EDT

Edited by Carly Zander

DALLAS, Texas - Sept. 17 (SEND2PRESS NEWSWIRE) -- Techway Services, Inc. (www.techwayservices.com), Techway Service, Inc. of Dallas, Texas and GEEP International of Nevada (www.geepinc.com) have formed a joint venture company called GEEP Texas. The joint venture is part of GEEP International's plan to create the largest electronics recycling and End-of-Life (EOL) IT services companies in North America.

The joint venture involves technology and asset transfers between the two companies. GEEP International will design, finance and install advanced eScrap processing equipment at the new GEEP Texas headquarters facility in the Dallas/Ft. Worth area. This capital investment is valued at over $4,000,000 (USD). In return, Techway Services will share its industry leading data destruction processes and technologies. At the operations level, Techway Services will continue as a stand alone company offering complete IT asset disposal services while processing all eScrap worldwide through GEEP's ISO certified facilities.

The GEEP Dallas/Ft. Worth plant will be the first of several new GEEP facilities slated to open across North America by the spring of 2008. These new geographically dispersed computer recycling centers, in addition to GEEP's current North Carolina and Ontario facilities, will greatly reduce logistics costs for current and future clients such as OEM manufacturers, municipalities and Fortune 1000 companies.

About Techway Services
Techway Services, Inc. a nationally recognized provider of end-of-life (EOL) IT services for corporations, government entities, universities, and channel partners. Techway Services provides a full range of EOL services that include reverse logistics, computer remarketing, computer recycling, and electronic data destruction solutions. Techway Services is a certified Woman owned business and is also HUB certified in the state of Texas.

About GEEP
Global Electric Electronic Processing Inc. is the industry leader for eScrap recycling in North America, with state-of-the-art recycling facilities and advanced processing equipment. GEEP facilities are ISO 9001:2000 and ISO 14001 registered and GEEP is committed to achieving a zero landfill objective. GEEP's clients include telecommunication service providers, manufacturers and electric utility companies in both Canada and the United States.

For additional information: www.techwayservices.com

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