TAMPA, FL - October 9, 2013 - Enviro-Serv Inc. (ESI) (OTC Pink: EVSV) today announces its 4th quarter acquisition strategy and importance of recent stock activity
Chris Trina, Chairman and CEO of ESI, stated, "Last week's news release on the LOI to purchase Inland Pest Control was apparently extremely well received by the investing public. Our stock had massive volume last Wednesday through Friday and was up 500% on the week precipitated by the Inland announcement. The best news from all of this isn't what you might suspect." Trina added, "I have spoken to many different potential targets in the last few months about mergers or acquisitions but I believe our stock price and lack of overall volume scared them off from remaining interested in moving forward at that time. A great example of this scenario occurred over the early summer as we were approached by a large privately held company from Ft. Lauderdale. These combined companies in their portfolio had 2200 clients and were generating over 2 million in revenues. We were very close to signing a LOI and move forward but it ultimately didn't go through. The public marketplace wasn't aware of this deal as it was kept ultra- quiet with NDA agreements but if it had gone through I feel our stock would have been worth five to ten cents per share or more possibly. We were originally approached by this company because we are publicly traded and they are privately held and they shared the same pest control space. They were in need of raising large capital and loved the idea of being publicly traded and logistically liked our corporate West Coast location and pest control operations of X-Terminate."
"Why is this story so relevant?" Trina asks. "I know three reasons that ultimately scared them away; stock price, stock volume and the inability in their minds of ESI raising capital funding. ESI since then has had a complete metamorphosis occur. Even though we are trading sub-penny right now it's a huge deal to be off that bottom and moving in the right direction on strong volume. Today we are able to show interested parties who watch our stock closely and are on the fence about potential acquisitions with ESI that our stock has woken up. Additionally we are able to show that we can successfully raise capital to fulfill the resources needed outside of our common stock to complete deals. We have raised almost $100,000 thus far and have money in the bank for the first time ever! Last week's volume of 453,529,273 shares traded and dollar volume of $583,000 is a new weekly record for EVSV stock and bodes extremely well in the capital fund raising world. Some past potential targets watching our stock have already taken notice and have contacted me to circle the wagons once again. In the last 4 trading days I have been approached by no less than 10 new sources of capital investors as well. This heavy volume and price increase is so much more important to ESI than most people out there realize."
Trina went on to say, "In fact just yesterday another LOI was sent to a potential target for review and hopeful imminent sign off from a local pest control company looking to be acquired by us. I have often wondered how our stock got so low to begin with when you consider the upside potential this business model offers. I am very happy for our long term investors who have held tight that the stock is off its lows and hopefully heading in the right direction. This new found volume and pricing has our company resetting our 4th quarter goals as well." Trina added this to his final comments, "Our goal is to stay highly focused the next few months in the pest control space for potential targets. I truly believe with the marketing and hard work being put forth along with the relationships being forged with pest control business brokers that we can execute an additional 4-5 letter of intents with quality companies in the next 10-12 weeks. I also believe we can fully acquire and finalize a minimum of at least 2 of these targets and record them as wholly owned subsidiaries by year end. Predicting stock prices is extremely difficult but I would like to think that by executing our business plan effectively between now and the end of the year that our stock can climb out of the sub penny levels fairly easily."
Enviro-Serv Inc. (OTC Pink: EVSV) is a Tampa based corporation specializing in providing property maintenance services in geographically concentrated warm climate states. Through an aggressive acquisition strategy, the Company is building a portfolio of highly profitable enterprises that offer year round services such as pest control management, lawn and landscaping care, pool maintenance, air conditioning/refrigeration installation and repairs and a host of additional onsite maintenance offerings. Please visit their website at www.enviro-serv.com
Forward-Looking Statements - This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Enviro-Serv Inc. undertakes no obligation to update such statements.
SOURCE: Enviro-Serv, Inc.