ROBESONIA, Pa., March 16, 2011 (GLOBE NEWSWIRE) -- Endeavor Power Corp, Inc. (OTCBB:EDVP), an emerging leader in electronic asset recovery and eWaste recycling, is pleased to report that the Company has engaged The Musser Group, LLC of Wayne, PA to consult on strategic growth opportunities currently under review by Endeavor.
The Musser Group is led by private equity financial veteran Warren V. "Pete" Musser. Mr. Musser, a veteran of the technology and financial industries, has been a leading figure in the business world as both an entrepreneur and chief executive for more than 50 years. Mr. Musser is best known for his role as Founder and Chairman of Safeguard Scientifics, Inc. As the Chairman of the Board and Chief Executive Officer of Safeguard from 1953 until 2001, Mr. Musser facilitated the formation and success of many of today's top Fortune 500 companies, including QVC, Comcast and Novell as well as others. Today, Mr. Musser continues to serve as Chairman Emeritus of Safeguard, and brings his extensive venture and private equity expertise to The Musser Group, advising companies on strategic venture positioning.
Mr. Musser stated,"We at the Musser Group are excited about Endeavor's current opportunities in the eWaste environment. The industry is currently undergoing very positive changes in the form of regulation, corporate awareness, and consolidation."
Endeavor Power Corp, headquartered in Robesonia, Pennsylvania, is leading the way in recycling the approximate 2.5 million tons of eWaste generated worldwide each year. Endeavor accepts end-of-life electronics to recover the precious metals and recycles the remainder in an environmentally sound manner. Endeavor strives to be a trusted and respected resource that prides itself in being a top-tier, end-to-end eWaste management solution.
Alfonso Knoll, CEO of Endeavor, added, "Our team at Endeavor has laid out a very aggressive strategy for our corporate growth. The Musser Group is without a doubt the partner we needed to properly execute. We are very pleased that they have chosen to work with us."
Endeavor offers eWaste solutions for large quantities of electronics, servers, networks, and other obsolete equipment on a nationwide basis and offers on-site collection for its larger clients. Pricing and recycling program information is available at www.EndeavorMetals.com or toll free (877) 285-5359.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission at www.sec.gov.
CONTACT: Endeavor Power Corp. (877) 285-5359 www.EndeavorPowerCorp.com www.EndeavorMetals.com