General Environmental Management, Inc. (GEM) (OTCBB: GEVI) today announced that it has retained General Pacific Partners (GPP), a financial advisory firm, to explore and assist in the evaluation of wastewater business acquisition opportunities in California and the Western United States.

“We are pleased to have retained GPP to focus on acquisition opportunities that can be integrated into GEM’s wastewater business strategy," said GEM CEO Tim Koziol. “We expect to close the previously announced SCWW transaction by November 1, 2009 as part of GEM’s overall strategy to shift the focus of the business from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. GPP has been a long time financial sponsor of GEM and has the know-how and resources necessary to find and conduct diligence on complimentary wastewater management companies that can help accelerate GEM’s move into the wastewater industry.”

“GPP was instrumental in developing the SCWW opportunity for GEM management and we are excited to have this expanded assignment,” said GPP Managing Director Kevin O’Connell. “SCWW, with nearly $8 million in very profitable annual revenue, creates a strong platform for GEM to expand into this market. We believe, based on a preliminary study of the market opportunity, that through expanding the existing SCWW revenues and acquiring smaller wastewater operators, GEM can achieve 20% to 30% annual revenue growth in its wastewater business division for the next several years.”

“We will be very selective and calculated in our acquisition strategy,” added Koziol. “Focusing on profitable wastewater treatment companies, we will work to ensure that all transactions are accretive as demonstrated with the SCWW acquisition. GEM and SCWW have seasoned management teams that have the expertise and ability to scale waste management businesses and we are excited about the opportunities we see in the marketplace. Further, GPP is being retained for this project on a success fee basis so this adds no additional fixed costs to the company at this time.”

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.

About QualityStocks

Small Cap Stock Newsletter QualityStocks is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one free Daily Newsletter Report.

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

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.

General Enterprise Ventu... (PK) (USOTC:GEVI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more General Enterprise Ventu... (PK) Charts.
General Enterprise Ventu... (PK) (USOTC:GEVI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more General Enterprise Ventu... (PK) Charts.