Enviro-Serv, Inc. (OTC Pink: EVSV) (PINKSHEETS: EVSV) http://www.enviro-serv.com/, a growing company in the commercial and residential property maintenance industry, announces today that it has received record breaking updated financials through May 31st, 2014 on both its subsidiary X-Terminate and Target acquisition.
CEO Chris Trina states this to investors and shareholders, "Please take a quick moment to review a quote from me in a press release dated May 20th, 2014 as it directly relates to today's announcement.
"Most pink sheet companies that initiate a REG A offering fail to follow through due to lack of accountability in terms of responding to questions and comments while under merit review with the SEC. This will not be the case for Enviro-Serv. We have filed a very thorough and clean offering using a highly qualified attorney and law firm. Although we expect to see comments from the SEC within the 20 day review time-frame we intend to address any comments swiftly and effectively. Shareholders should be very excited about this milestone event as raising capital is the key to our future success and in executing our business plan."
Trina explains further his comments by stating, "On June 9th exactly 20 days from our original REG-A filing a conference call took place with the SEC, myself and our law firm regarding direct email correspondence received from the accounting division of the SEC just prior. With direct guidance from the SEC on changes that were requested in our financial disclosures and format both with Enviro-Serv and the target acquisition company we've amended the original REG-A offering as of today. Interestingly while we waited on updated financials from our target company we learned they are in need of additional equipment to meet the overwhelming demands for fumigation termite services and asked our blessing to purchase this equipment as it will slightly change the purchase price. Their crews are working 16 hour days to accommodate the extreme termite issues around Tampa Bay and are having a record breaking termite season. Although on a smaller scale than our target company we are also extremely busy at X-Terminate on termite and GHP related services as well and are seemingly on a record breaking pace of our own."
Trina exclaimed, "These are very exciting and monumental times at Enviro-Serv and our shareholders and potential investors should be elated. Since our filing of the REG-A offering we have raised an additional $25,000 through a bridge loan secured with my personal stock, have not diluted our shares whatsoever at these low deflated levels for financing and have quickly moved forward in submitting SEC amendment requests as we promised in our last news release and as stated above. The company has issued a total of 12 million shares over the last 4 weeks which was registered rule 144 stock of my own of which 8 million has been sold to date. Net proceeds from this 144 sale were around $6000. The continued rumours of massive dilution and major insider selling simply aren't true and it's time to clear the air once and for all. I honestly believe the false rumour mill is what's causing our stock to trade at deflated and undervalued levels."
Trina ended his statement with this, "When/if qualified with the SEC the REG-A offering will be used as a vehicle to fund our target acquisition there is no short term immediate dilution expected and furthermore due to the extremely low share prices EVSV is currently trading management would have to seriously consider alternative financing methods other than the REG-A offering such as convertible notes or straight debt to raise the needed capital to fund this specific acquisition under REG-D. My number one priority is to raise the needed capital to finalize the acquisition in a timely manner while at the same time doing my best to preserve and protect shareholder value at all times."
Enviro Serv, Inc. (OTC Pink: EVSV) (PINKSHEETS: 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 our websites at www.enviro-serv.com and www.xterminateinc.com to learn more.
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 solely 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.