DENVER, Pa., Oct. 13, 2011 (GLOBE NEWSWIRE) -- Codima Inc. (OTC: CDMA), through its wholly owned subsidiary TRC Inc., is pleased to announce that it has acquired and installed a cable wire granulator at its Holbrook, NY facility. The equipment grinds and granulates wire and mechanically separates the insulation from the copper. The end product is clean copper nodules that the company then aggregates for sale. In addition to its current supply of wire from its electronics recycling, the company is now actively buying and refining wire for other clients. The 220 volt machine is capable of processing 475 lbs of wire per hour. The company conservatively estimates that the machine is capable of generating $1,000,000 of gross profit per year. Plans are already in place to add more granulators both in NY and its PA location.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date.
ABOUT CODIMA INC.
Codima Inc. (CDMA), headquartered in PA with global reach supported by eleven offices across North America, EMEA, Latin America, Asia and Australia, provides best practice software tools to help organizations manage their IT networks. Fully automated and fully integrated, Codima Toolbox delivers tools for network inventory, mapping and monitoring using Microsoft® Office Visio® as well as pre- and post-deployment VoIP management. Codima Green, the environmental division, specializes in recycling end-of-life electronics. Codima is a Microsoft Certified Partner, an Avaya DevConnect Gold Partner and a Cisco IBLM Partner.www.codimatech.com
CONTACT: Codima Inc. Christer Mattsson, CEO 215-717-7377 firstname.lastname@example.org