Enviro-Serv, Inc. (http://enviro-serv.com/) (OTC Pink: EVSV) (PINKSHEETS: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce an update on its target pest control acquisition and its strategy on a second stock dividend distribution.
"Our proposed target acquisition is setting new sales records," states EVSV CEO Chris Trina. "I just received the financials for June and July from the current owner of our undisclosed target company and the numbers were stellar to say the least. They literally are on fire over there and hitting on all cylinders as I suspected all along would happen. This is why we are so aggressively staying the course to make this acquisition a reality by the deadline of Oct. 15th as previously stated."
Trina goes on to state, "June sales 2014 vs. 2013 were up 53% at $133,000 while July sales 2014 vs. 2013 were up 80% at $184,000 both months setting new record highs in sales volume. Their cash position as of three weeks ago vs. 2013 was up 70% at $160,000. Profits are up over 50% from last year as well. The numbers this company is generating and the price we are acquiring it for makes this an enormously important acquisition to complete. I've stated for months that my focus is 100% on closing this deal and now I am hoping the investing community can better understand my excitement level."
Trina has this to say regarding current and future stock dividends, "This Friday marks our announced August 22nd record date. Shareholders of record holding EVSV common stock as of the close of market trading this Friday are entitled to a 20% stock dividend payable in preferred "C" class shares which are convertible into 100 shares of common stock after a one year restricted hold. I've received numerous emails about this record date so I want to be very clear. If you hold or purchase shares between now and Friday's close those shares are entitled to the dividend. Whatever shares are sold between now and Friday's close won't be entitled."
The BOD is excited to announce with further details to be determined that all the management and executive earned dividends will be placed into treasury stock and ultimately given back 100% to the shareholder's as a second dividend in the very near future as well. By doing it this way we don't issue any more preferred stock but simply hand back our earned shares to the general public as a token of our appreciation for their unwavering support of our company. The full details of this dividend regarding amount and timing are yet to be determined fully but should be announced within a couple of weeks."
Trina ended his comments by stating to his shareholder's, " I am excited about all the things going on internally at Enviro-Serv, Inc. X-Terminate is hitting on all cylinders as well and our funding measures should be fully in place soon as long as our underlying stock stays strong. I strongly hope the investing public can sense our excitement and at the same time understand why I feel strongly about the disconnect of our current stock price vs. everything that's going on and our shareholders who steady the course should be very well rewarded with their patience in my humble opinion."
"The acquisition marks a significant benchmark in the company's overall growth and I'm thrilled to have worked tirelessly on behalf of shareholders to bring us to this point. I will continue to work diligently to build shareholder value."
The company looks forward to issuing further updates as it continues to achieve benchmarks toward long-term success for Enviro-Serv and its shareholders.
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.