HighLight Networks Inc. Announces New Executives
LIVERPOOL, N.Y., EAST SYRACUSE, N.Y. and BALTIMORE, May 6, 2013 /PRNewswire/ — HighLight Networks Inc. (OTCBB: HNET) is pleased to announce that Richard Weaver and Danny Mendelson have joined its executive team. Mr. Weaver and Mr. Mendelson are former executives of Wise Metals Group LLC based in Muscle Shoals, Alabama. At HighLight they will be overseeing the build out of its recycling division and general operations.
Richard Weaver has 43 years experience in the nonferrous and ferrous metals industry. His last position was Executive Vice President of Wise Metals Group, Corporate Development from 2011-2012. Prior to that, he was Executive Vice President of Wise Metals Group, Non-core businesses 2008-2011. Before he retired last year Mr. Weaver worked at Wise and its predecessor company for 31 years. At Highlight Mr. Weaver will serve as an Executive Vice President and COO.
Danny Mendelson was employed by Wise Metals Group LLC as its Executive Vice President and Chief Strategic Officer for the past fifteen years. He holds degrees from the University of Michigan (BBA), Detroit College of Law (JD), and Georgetown University Law Center (LLM). He has been a member of the Michigan and Washington D.C. bars since 1979 (Inactive). He is also a member of the Michigan and Maryland accountant associations (Inactive). He joins Highlight as an Executive Vice President and will serve as CEO of the Company’s newly formed recycling subsidiary.
HighLight Networks Inc. CEO, Alfonso Knoll stated, “The additions of Mr. Weaver and Mr. Mendelson to our team bring tremendous depth and industry knowledge to our Company. We are aggressively building an integrated recycling effort that combines e-waste and traditional metals recovery with cutting edge technologies and a new approach to the industry. Both Mr. Mendelson and Mr. Weaver are an important part of our overall strategy. Their combined history in the industry is extremely impressive.” According to the corporate website, “Wise Metals Group LLC includes Wise Alloys, the world’s third-leading producer of aluminum can stock for the beverage and food industries, as well as other commercial products. Wise Alloys is an environmentally friendly company that uses recycled aluminum in the production of its can stock with some of the most innovative and advanced technology in the world. Wise Recycling is one of the largest, direct-from-the-public collectors of aluminum beverage containers in the United States, operating shipping and processing locations throughout the United States that support a network of neighborhood collection centers.”
HighLight Networks Inc. headquartered in New York, engages in recycling, refining, metals trading, and asset recovery, with a focus on precious metals refining from electronic waste. The Company currently operates one facility in NY that contracts nationally for refining and recycling projects, and has recently expanded its business to include the repurposing, resale, and recycling of networking and telecom hardware. The 12,000 square foot operation is located in a modern industrial park, and offers free recycling of electronics, computers, cell phones, servers, and other items, for local businesses and residents during normal business hours 9 to 5 Monday through Saturday. For convenience HNET also offers a 24 hr drop off container located at the front of the facility at 6 Adler Drive, East Syracuse, NY 13057. The Company strives to keep electronics, metals, and recyclable goods out of landfills by accepting everything from single cell phones to entire truckloads of working and nonworking products. Items are repurposed, reused, or recycled in accordance with the regulations set by the United States Environmental Protection Agency. Individuals interested in recycling with Highlight Networks may also call 1-855-687-HNET (4638) or 1-315-451-4722. HNET.OB offers a free pick-up service to local clients, and can help arrange shipping on a national basis.
Safe Harbor Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.
HighLight Networks Inc.
7325 Oswego Road
Liverpool, NY 13090
SOURCE HighLight Networks Inc.