General Environmental Management Inc. (OTCBB: GEVI)

Dear StockUpTicks Reader:

I know that many of you are following the amazing progress of General Environmental Management Inc. (OTCBB: GEVI). Last week the company announced a definitive refocusing of its enterprise on the Water Treatment and Waste-to-Energy industries. And now, to punctuate that move, it announced that it has signed a definitive letter of intent (LOI) to acquire Santa Clara Waste Water (SCWW), a California-based privately owned, profitable wastewater treatment company.

Details of the transaction will be released upon completion, which is expected within the next 60 days. GEM said that the deal is "very accretive" and will be paid for with a combination of cash, debt and stock over the next three years.

Please read the latest NEWS below...and continue to watch GEVI closely as news and events continue to unfold.<<<Spacer>>>

*NEWS* From GEVI

Press Release
Source: General Environmental Management, Inc.
Monday September 21, 2009, 6:00 am EDT

POMONA, Calif., Sep 21, 2009 (BUSINESS WIRE) -- General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced today that it has signed a definitive letter of intent to acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. As one of the top 100 privately owned non-hazardous wastewater utilities in the U.S., SCWW has treated more than 2 billion gallons of wastewater.

"We are thrilled to have come to an agreement to acquire SCWW and are eager to work with them to achieve their goal of becoming the premier independent non-hazardous wastewater management company; first in California, then the western region and eventually in the United States," said Tim Koziol, GEM Chief Executive Officer. "We are acquiring not only a long time successful company with a great track record and valuable assets, but are partnering with one of the finest management teams in the environmental management business led by SCWW CEO, Doug Edwards. Doug and his team have set the standard for wastewater management. Their facility situated on five acres of strategically located land in Santa Clara Valley, along with their unique and invaluable 12.7 mile pipeline from their facility to the City of Oxnard's water reclamation center, gives GEM a corner stone to build a regional and then national presence in the water treatment market."

"After getting to know GEM over that past few years, I am very excited to be uniting with their management team to build upon the success we have earned at SCWW," said Doug Edwards. "I have had a vision of growth for SCWW and am confident that by teaming with GEM, together we'll be able to make that vision a reality. The wastewater treatment market is large and will continue to grow as demand for water treatment increases exponentially. With its key assets, experience, knowledge set and strategic plan, SCWW is uniquely positioned to become one of the foremost wastewater treatment companies in the U.S. In addition, we have a number of unique products and services in development that we can bring to market faster and with greater efficiency with the help of GEM's talented management group."

GEM Chief Financial Officer, Brett Clark, added, "SCWW has a very profitable business model. We are acquiring the company and all of its assets for approximately three times its trailing EBITDA, plus the assumption of long term debt secured by SCWW's plant and equipment. SCWW's revenues in 2008 were approximately $7.6 million. The transaction is very accretive to GEM and will be paid for with a combination of cash, debt, and stock over the next three years. Details of the transaction will be provided upon closing, which is expected to occur within the next 60 days."

Tim Koziol also provided an update on GEM's strategic plan, "We will be focused on closing the SCWW transaction and continuing our research and development to strategically enter the waste-to-energy markets as discussed in last week's news release. We will keep shareholders posted on all developments."

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)

 

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 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)
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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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