SOURCE: Enviro-Serv, Inc.
TAMPA, FL via MacReportMedia.com, 7/28/2014 7:45:00 AM
Enviro-Serv, Inc. Announces New Target Acquisition Agreement in Place to Commence Discussions
Enviro-Serv, Inc. (http://www.enviro-serv.com) (OTC Pink: EVSV) (PINKSHEETS: EVSV), a growing company in the commercial and residential property maintenance industry, announces today that it has received a signed confidentiality agreement and has commenced discussions to acquire its latest target company. The company is a profitable 20 plus year leader in residential A/C and located on the East coast of Florida.
CEO Chris Trina states this to investors and shareholders, "Discussions have been underway for about a month since being introduced to this potential target candidate. I am very proud to announce that a confidentiality agreement is in place and in-person meetings have now begun. Out of concern for his employee's and competitor piracy the seller had demanded a confidentiality agreement which we of course abided with. That agreement has been inked and the first in-person strategy meeting took place last Thursday night. I felt the meeting went extremely well and I'm ready to hit the ground running on this deal. Per the agreement I am allowed to tell the public only the following; the business has been in existence for 21 years and located on the South East coast of Florida, it generates revenues in excess of 1.3 million dollars and is profitable, it generates 90% of its sales from the residential marketplace and has a strong foothold in a certain high profit market niche, seller will stay in place to run the company for no less than 3 years and is open minded and flexible on the potential structure of this deal." Trina exclaimed, "The most important item I am allowed to announce today is the seller has asked Enviro-Serv to begin the process of discussing the terms of the "LETTER OF INTENT" and to draft our first version this week."
Trina ended his statements to investors by saying, "This newest target is as exciting as our current pest control acquisition we are working on. It's not unrealistic that within the fourth quarter we are in control of both of these established profitable companies. As we take care of business with X-Terminate and diligently work towards our funding for our current target acquisition I can't help but be exuberant about today's news and how bright our future is looking. EVSV stock is undervalued and eventually Wall Street and investors will catch up with this apparent disconnect."
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.
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.
Keywords and Content Types
'ACQUISITIONS' 'ENVIRONMENT' 'FINANCING' 'MERGERS'
'Advisory' 'Company Announcement' 'Mergers and Aquisitions'