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Mon, April 2, 2012

Youchange Announces Letter of Intent to Merge with Earth911


Published on 2012-04-02 05:35:17 - Market Wire
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Youchange Announces Letter of Intent to Merge with Earth911 -- SCOTTSDALE, Ariz., April 2, 2012 /PRNewswire/ --

Youchange Announces Letter of Intent to Merge with Earth911

Combination Along with Earth911's Ownership in Quest Recycling LLC Creates the Leader in Recycling & Proper Disposal of Commercial and Consumer Waste Streams.

SCOTTSDALE, Ariz., April 2, 2012 /PRNewswire/ -- YouChange Holding Corp ("youchange™") (OTCBB: YCNG), a leading community for electronics collection, e-waste tracking, and re-commerce, today announced that it has executed a letter of Intent to merge with Earth911, Inc.

Earth911 is the leading source for information on recycling, reuse and product end-of-life practices for consumers and businesses. Over 1 million ways to recycle are indexed in the Earth911 Recycling Directory, reaching millions of consumers through Earth911.com, the bilingual 1-800-CLEANUP® environmental hotline and the iRecycle® mobile applications on iPhone, iPad and Android mobile devices.. In addition, Earth911 drives original zero-waste lifestyle content to an eco-conscious opt-in membership base.

Earth911 clients include Mobil1, Sprint, Dell, Green Mountain Coffee Roasters, Lowe's, Castrol, and Owens Corning.  In addition to its industry leading recycling solutions, Earth911 owns a 50% interest in Quest Recycling LLC based in Frisco, TX.  Quest Recycling is the North American leader in designing and implementing innovative recycling solutions to help companies be environmentally responsible. Quest has grown rapidly in this emerging market and in 2011 its revenue exceeded $100M.

Youchange Founder and CEO, Jeffrey Rassas commented, "This merger represents a unique opportunity for youchange shareholders to participate in one of the fastest growing market opportunities of our lifetime — Landfill Diversion.  This comes on the heels of youchange's successful launch of the school, community and charity collection events where resulting revenues continue to grow 40% month over month.  The merger with Earth911 and their ownership in Quest will accelerate the national rollout of these programs. In addition it creates a leader in the space and only company with proprietary solutions to divert all obsolete items from landfills, turning trash into cash."

Earth911 CEO Barry Monheit commented, "In the next 20 years recycling from landfill diversion is projected to triple from 2008 rates. We are in a significant emerging market and uniquely positioned to take advantage of the disruption in the way North America has traditionally handled waste. Fortune 500 companies will need comprehensive landfill diversion solutions and the combination of youchange and Earth911 is well positioned to be the industry leader as we look to maximize long term shareholder value."

Earth911 President Corey Lambrecht added, "This year millions of consumers will interact with Earth911's website reading content about the 'How and Why' of recycling and searching our directory for actionable recycling and proper disposal information. Earth911 is The Recycling Authority, well positioned at the intersection of social, local, and mobile. We look forward to aligning with the youchange business model to highlight future programs and events that focus on collecting recycled commodities."

Earth911 helps companies:

  • Provide an end-of-life solution for every product and package.
  • Understand recycling availability for product design and substantiation of environmental claims.
  • Promote sustainability messaging through highly targeted advertising platforms.

Quest Recycling Services, LLC  provides complete commercial waste stream management for large and mid-sized corporations in the automotive, industrial, municipal, fleet, hospitality and foodservice industries. Headquartered in Frisco, Texas, Quest manages the recycling effort of over 8,500 client locations throughout the US and Canada.  Reduce, Reuse, Recycle and Manage (R3M) is a program developed exclusively by Quest Recycling to help companies better manage their waste streams and help achieve a zero waste goal. R3M is designed to identify items currently going to a disposal outlet that can be managed and removed from a company's waste stream(s).

Through Quest's value-added expertise and a national network of pre-screened partners, Quest clients such as Walmart, Hendrick Motorsports, and AT&T:

  • Lower operational expenses and be environmentally responsible
  • Generate incremental revenue by maximizing the value from their waste streams
  • Create an audit and accountability trail that achieves sustainability and profitability objectives.

Quest has experienced over 40% annual growth over the past several years and expects strong annual growth for the foreseeable future.

Forward-Looking Statements

This document contains forward-looking statements that are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include: the ability of the Company to raise capital, the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price-competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

Contact:

YouChange Holdings Corp
Jeffrey Rassas, CEO
866-712-9273
[ CEO@youchange.com ]

Investor Relations
C. Dillow & Associates
949.499.7866
[ dandd2@cox.net ]

SOURCE YouChange Holdings Corp

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