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General
Environmental Management Inc. (OTCBB: GEVI)
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Dear StockUpTicks Reader:
General Environmental
Management Inc. (OTCBB: GEVI) continues
to be one our most dynamic and widely followed companies. GEM is adhering
to a simple formula - develop a winning plan, execute the plan, announce
the progress as it happens. It's that simple! We think it's a refreshing
approach that many other public companies would do well to follow.
GEM announced its plan to refocus
its enterprise on the Water Treatment and Waste-to-Energy industries. It
then announced its intent to acquire a profitable wastewater treatment
company - Santa Clara Waste Water (SCWW). It has now issued a "progress
report" on its activities that includes some exciting information.
Tim Koziol, GEM’s CEO, said, "SCWW
will be the cornerstone of our water treatment business. With this profitable
business and the addition of GEM’s sales, marketing, operational and regulatory
expertise, we believe that we can grow that business significantly in the
coming years. In addition, we are actively pursuing two other complementary
water treatment businesses that will give GEM even greater capacity to
scale revenue.”
HERE'S GEM'S STRATEGY IN A NUTSHELL:
“Our strategy is very simple. First,
maximize the value of our base field services business unit. Next, we will
continue to reduce debt and improve the balance sheet. Finally, we will
focus our attention on acquiring, licensing or partnering with water treatment
and waste-to-energy companies to accelerate high margin revenue. We firmly
believe that these strategic moves will best leverage our management team
and create sustainable value for our shareholders.” Tim Koziol, CEO
Please read the latest NEWS below...and continue to watch GEVI closely
Check out GEVI on SectorWatch.biz: HERE
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*NEWS*
From GEVI
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Press
Release Source: General Environmental Management, Inc.
Wednesday
September 30, 2009, 6:00 am EDT
General Environmental
Management Reports Progress on Plan to Expand
to Water
Treatment and Waste-to-Energy Markets
Santa
Clara Waste Water Acquisition Scheduled to Close by November 1
Management
Focused on Maximizing Value of Field Services Business Unit,
Improving
Balance Sheet and Moving into Higher Margin Markets
POMONA,
Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB:
GEVI) today provides an update on the progress made since its Board
of Directors elected to shift the Company’s business focus from hazardous
waste field services to the fast-growing water treatment and waste-to-energy
markets.
“We
are pleased to report that we have made tremendous progress in the execution
of our plan to move the company into the water treatment and waste-to-energy
markets,” said Tim Koziol, GEM’s Chief Executive Officer. “As we announced
last week, we swiftly moved to sign a binding letter of intent to acquire
Santa Clara Waste Water (SCWW). We are conducting final due diligence and
plan on closing this transaction on or before November 1, 2009. SCWW will
be the cornerstone of our water treatment business. With this profitable
business and the addition of GEM’s sales, marketing, operational and regulatory
expertise, we believe that we can grow that business significantly in the
coming years. In addition, we are actively pursuing two other complementary
water treatment businesses that will give GEM even greater capacity to
scale revenue.”
Mr.
Koziol continued, “We believe that we have one of the best managed and
operated field services companies in the country. This business has handled
waste streams from some of the biggest companies in the country. We are
focused on how to maximize the value of that business while we pave the
way for GEM to build its high margin water treatment business and explore
opportunities in the waste-to-energy technology market. Our management
team has identified two outstanding waste-to-energy technologies that can
turn today’s waste products into clean and efficient energy. We will be
giving more details on these activities in the coming weeks.”
Mr.
Koziol added, “Our strategy is very simple. First, maximize the value of
our base field services business unit. Next, we will continue to reduce
debt and improve the balance sheet. Finally, we will focus our attention
on acquiring, licensing or partnering with water treatment and waste-to-energy
companies to accelerate high margin revenue. We firmly believe that these
strategic moves will best leverage our management team and create sustainable
value for our shareholders.”
About
General Environmental Management, Inc.
General
Environmental Management, Inc. (http://www.GeneralEnvironmental.com)
is a full-service hazardous waste management and environmental services
firm providing integrated environmental solutions managed through its proprietary
web-based enterprise software, GEMWare, including the following service
offering: management and transportation of waste; design and management
of on-site waste treatment systems; management of large remediation projects;
response to environmental incidents and spills; and environmental, health
and safety compliance. Headquartered in Pomona, California, GEM operates
five field service locations and one Treatment, Storage, Disposal facility
(TSDF), servicing all markets in the Western U.S.
FORWARD-LOOKING
STATEMENTS
This
press release may include "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. All statements, other
than statements of historical facts, included in this press release that
address activities, events or development that the company expects, believes
or anticipates will or may occur in the future are forward-looking statements.
These statements are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of the Company, which may cause the
Company's actual results to differ materially from those implied or expressed
by the forward-looking statements. The Company assumes no duty whatsoever
to update these forward-looking statements or to conform them to future
events or developments.
SOURCE:
General Environmental Management, Inc.
CONTACT:
QualityStocks
Astra
Thomas, 480-374-1336
Astra@QualityStocks.net
www.QualityStocks.net
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About General Environmental Management Inc. (OTCBB: GEVI) |
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| General Environmental Management (GEM) assists
its clients, which may include government entities, commercial and industrial
entities, educational institutions and other environmental service providers
in the Western United States, in meeting regulatory requirements for the
disposal of hazardous and non-hazardous wastes. |
General Environmental Management Inc. (OTCBB: GEVI) is a full-service
hazardous waste management and environmental services firm providing integrated
environmental solutions managed through its proprietary web-based enterprise
software, GEMWare, including the following service offering: management
and transportation of waste; design and management of on-site waste treatment
systems; management of large remediation projects; response to environmental
incidents and spills; and environmental, health and safety compliance.
Company Web Site: GeneralEnvironmental.com
Transforming industrial blight
into productive properties
One of the sectors in which General Environmental
provides services is enviroconstruction and brownfield support services
Brown-field / [broun-feeld] - A Brownfield
is an abandoned or idle industrial or commercial property
available for re-use but complicated by real
or perceived environmental pollution.
GEM can “recycle” brownfield properties with environmental
liabilities and transform them into useful real estate assets again.
Construction activities that are to be carried out in areas with contaminated
soils or in areas with industrial facilities where hazardous materials
were used are extremely tricky.
Working in such brownfield areas requires a unique blend of specialized
construction experience. This includes comprehensive understanding of complex
technical and regulatory requirements associated with hazardous waste management,
treatment, transportation and disposal. It also requires a large amount
of planning, training and monitoring to protect not only the workers but
also the surrounding environment and community.
The licensed contractors at General Environmental do have the necessary
blend of skills to accomplish very specialized enviroconstruction services.
Some of the enviroconstruction services that General Environmental provides
include: containment, removal and disposal of spilled hazardous material;
repackaging, transportation and disposal of drummed wastes; decontamination,
demolition and closure of industrial facilities; cleaning and removal of
underground and aboveground storage tanks; and excavation, treatment and/or
disposal of contaminated sludge, soil and concrete.
Once this work is done, the company’s proprietary web-based data management
software (GEMWare) can provide clients and regulators detailed records
of waste shipments and final disposition of hazardous materials.
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Last year alone the EPA levied over $2.1 billion in fines
against U.S. companies. Over two-thirds ($1.8 billion) was due to a lack
of adequate means to properly manage and dispose of industrial waste. The
lost profits were substantial. The damage to the environment was significant. There
were no winners.
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General Environmental has a track record of successfully accomplishing
difficult and very specialized enviroconstruction services. Examples
of the company’s expertise include large-scale contaminated soil removal
and barge transport projects in Alaska’s Aleutian Islands and the decontamination
and demolition of a Southern California locomotive chrome plating facility
while protecting an adjacent elementary school and community from chromium
exposure.
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Other Recent *NEWS*
from GEVI |
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General Environmental Management
Signs Letter of Intent to Acquire Santa Clara Waste WaterBusiness Wire(Mon,
Sep 21)
General Environmental Management
Signs Letter of Intent to Acquire Santa Clara Waste WaterBusiness Wire(Mon
6:00am)
General Environmental Management
Elects to Shift Focus to Water Treatment and Waste-to-Energy MarketsBusiness
Wire(Mon,
Sep 14)
General Environmental Management,
Inc. to Be Featured in Small Cap Stock Newsletter QualityStocks DailyBusiness
Wire (Tue,
Sep 1)
General Environmental Management
Strengthens Balance Sheet with Strategic Sale of GEM MTSBusiness Wire (Mon,
Aug 24)
GENERAL ENVIRONMENTAL MANAGEMENT,
INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial
StateEDGAR Online (Fri,
Aug 21)
GENERAL ENVIRONMENTAL MANAGEMENT,
INC Files SEC form 10-Q, Quarterly ReportEDGAR Online
(Wed,
Aug 19)
Check out GEVI on SectorWatch.biz: HERE
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Financial
Highlights |
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Symbol: GEVI
Exchange: OTCBB
Recent Price $0.54
52wk Range: 0.32 - 1.25
Shares Outstanding 14,632,653 (as
of August 19, 2009)
Market Cap. $7.9M (as of Sept.
30, 2009)
Average 50-day Volume 44,700 (as
of Sept. 30, 2009)
View GEVI's Filings with the SEC at this LINK
General Environmental Management, Inc. recently announced
that it had unveiled its completely redesigned website: www.GeneralEnvironmental.com.
The web presence now boasts a new design and extensive service information,
all of which have been designed to provide clients with greater accessibility
to all the resources they need. Read the company's news release on
the launch of its new web site HERE
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Company
Contacts |
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Corporate Headquarters:
3191 Temple Ave., Suite 250
Pomona, CA 91768
Toll Free: (888) 88-Go-GEM (884-6436)
Phone: (909) 444-9500
Fax: (909) 444-9900
service@go-gem.com
Investor Relations Contact
QualityStocks
3370 N. Hayden Rd.
Suite 123-591
Scottsdale, AZ. 85251
480-374-1336
IR@go-gem.com
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