General Environmental Management Announces Results of Special Meeting of Stockholders
25 February 2010 - 10:00PM
Business Wire
General Environmental Management, Inc., a Nevada corporation
(GEM) (OTCBB: GEVI) announced that, at a Special Meeting of
Stockholders held on February 19, 2010 (the “Meeting”),
stockholders approved the Purchase Agreement (the “Agreement”)
dated as of November 25, 2009, by and between GEM and Luntz
Acquisition (Delaware) LLC.
In the final vote count by the inspector of election, 8,228,864
GEM common shares (approximately 56.53 percent of the outstanding
common shares) were represented at the Meeting, in person or by
proxy, and the Agreement was approved by 99.77 percent of the
shares voted and 56.40 percent of the shares outstanding.
The closing of the transaction is anticipated to occur before
the end of February, 2010.
“I am very pleased with the shareholders vote to approve the
transaction with Luntz Acquisition LLC,” stated Tim Koziol, CEO.
“This vote clears the way for the company to move forward and focus
our energies in the waste water treatment and waste to energy
markets.”
About General Environmental Management, Inc.
General Environmental Management, Inc.
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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