General Environmental Management Inc. (OTCBB: GEVI)

Dear StockUpTicks Reader:

Last week we introduced you to General Environmental Management Inc. (GEM).  This week the company announced that it was taking the proactive step refocusing its enterprise on the Water Treatment and Waste-to-Energy industries.

"Company Sees Enormous Opportunity in Multibillion Dollar Industries"

Please read the important NEWS below...and keep a close eye on GEVI.  Much more news to come!

*NEWS* From GEVI

Press Release
Source: General Environmental Management, Inc.
Monday September 14, 2009, 7:00 am EDT

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (OTCBB:GEVI) announced today that the Board of Directors has elected to shift its business focus from hazardous waste field services to the fast growing water treatment and waste-to-energy markets.

“After lengthy review and analysis of GEM’s opportunity in the environmental management business, the board has elected to adopt management’s recommendation that we move our focus to water treatment and waste-to-energy markets,” said Tim Koziol, GEM’s Chief Executive Officer. “While we believe that we could work through the current economic downturn and build revenue in our field services business, we believe that shareholders will be rewarded by moving the company into higher margin, faster growing business segments; especially the water treatment and waste-to-energy markets.”

"A few weeks back we announced the sale of GEM MTS and in the process, improved our balance sheet," Mr. Koziol continued. “Our management team will be providing additional details in the near future about further changes to the current business structure that will help create a platform for GEM to enter these new markets. Water treatment and waste-to-energy are both multibillion dollar markets worldwide and provide much greater opportunities for growth and higher operating margins. Further our President and COO, industry veteran, Bill Mitzel, has the experience and insight to assess all potential opportunities and will move the company into the best strategic position to capture the highest reward for our shareholders.”

President and COO Bill Mitzel commented, “Over the coming weeks, we will be sharing with our shareholders a vision and an operating plan to enter these new environmental waste management businesses. We have a concise understanding of these opportunities and look forward to tapping into these very large markets. We are extremely happy that the board chose to narrow our focus on this particular market.”

Mr. Koziol concluded, “Domestically, the water industry is a $120 Billion market that is expected to grow at 6-7% over the next year. On a global basis, the industry size exceeds $400 billion annually and increasing with the demands of a growing world population. The industry is third in gross revenue behind both power generation and oil. The global waste-to-energy market is a $19.9 billion market with expected CAGR of 6.7% over the next five years. We believe these are markets that we can leverage our seasoned management skills to bring value to our stockholders. The entire team is motivated and excited in making this move.”

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.
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About General Environmental Management Inc. (OTCBB: GEVI)

 

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.

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.
 

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.

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

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)
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Financial Highlights

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

Company Contacts

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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