General Environmental Management Announces Date of Third Quarter Earnings Call
12 October 2009 - 9:00PM
Business Wire
General Environmental Management, Inc. (GEM) (OTCBB: GEVI)
announced that it will conduct its first ever earnings conference
call on Monday, November 16, 2009 at 4:30 EST or 1:30 PST. The call
will be hosted by GEM’s management team including CEO Tim Koziol,
CFO Brett Clark and President Bill Mitzel. After prepared remarks
and presentation of the operating results, the call will be open to
questions and answers.
The participant dial-in number is: 1-480-629-9712. If you
have an interest in GEVI and would like to be sent a reminder about
the GEVI Earnings Conference Call, send an email to
investors@go-gem.com. We would like to add your email address to
the GEVI database and will keep you updated regarding the Company’s
latest news and events.
“We are excited to be conducting our first earnings call and to
have the opportunity to talk directly with shareholders about the
exciting changes that are taking place at GEM,” said Koziol. “Over
the past few months we have been working hard to re-engineer our
business model by shifting our focus away from the lower margin
field services business to the faster growing and much higher
margin wastewater treatment and waste-to-energy industries.”
“During the earnings call we will be able to provide a detailed
update on our progress of acquiring Santa Clara Waste Water (SCWW),
which we believe can set our company on course for future growth,
and most importantly, future profitability and cash generation from
operations,” Koziol continued. “We will also be able to provide
guidance on the company’s plan to sell our field services business.
While we believe that we have one of the best managed and operated
hazardous waste field services companies in the country, getting
maximum value in the sale of this business unit at this time will
eliminate debt and provide access to capital to accelerate our move
into the wastewater treatment and waste-to-energy markets.”
“We will also be able to share important details about the
company’s efforts to acquire, license or partner with
waste-to-energy technologies and companies. Several such
relationships are already in development,” Koziol stated. “Once the
sale of our field services business and the acquisition of SCWW are
complete, we anticipate that the operating company going forward
could be profitable and cash flow positive.”
Koziol concluded, “With the addition of GEM’s sales, marketing,
operational and regulatory expertise, we believe that we can grow
SCWW significantly in the coming years. As we announced last week,
we will continue to pursue organic growth while we look to acquire
complimentary water treatment businesses that will give GEM even
greater capacity to scale revenue.”
Remember, if you are interested in GEVI and would like to
receive a reminder about the GEVI Earnings Conference Call, send an
email to investors@go-gem.com.
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.
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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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