HOUSTON, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Macau Capital Investments, Inc. (OTC:MCIM) -- Macau Capital Investments, Inc. announces entering into a material share purchase agreement between ECO Medical Waste Holdings, Inc. our Texas wholly owned subsidiary waste management company and ECO Waste and Recycling, LLC a Texas solid waste management company. A detailed copy of our business plan and financial statements can be found on our company website.
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The parties entered into this share purchase agreement to acquire 50% equity stake in ECO Waste and Recycling, LLC. Both companies are controlled by the same majority shareholders. The investment represents a $6.5 Million cost basis. ECO Waste and Recycling operates in the State of Texas as a regional solid waste and recycling company, transporting residential and commercial garbage to landfills and transfer stations. ECO Waste and Recycling had $6.5 Million revenue for the year ending 2016 and is on track to close the year out with $7 Million sales. The company has assets totaling more than $4.4 Million. The investment represents a significant increase in shareholder value, says "Monique Hayes, President/CFO".
Macau Capital Investments, Inc.
Macau Capital Investments, Inc. Ticker (MCIM) is a waste management assets holdings company. ECO Medical Waste Holdings, Inc. ("the Company") is a Texas based corporation, wholly owned subsidiary of Macau Capital Investments that provides solid waste and medical waste removal services to customers in Houston, Texas. To learn more visit: www.macaucapitalinvestments.com.
ECO Waste and Recycling, LLC
ECO Waste and Recycling, LLC is a private held company that provides solid waste collection and recycling to residents and commercial customers who are primarily municipalities in the surrounding counties of Houston, Texas. To learn more visit: www.ecowasteandrecycling.org.