TAMPA, FL, Oct 03, 2013 (Marketwired via COMTEX) -- Enviro-Serv Inc. (ESI) (OTC Pink:
Chris Trina, Chairman and CEO of ESI, exclaimed, "We are very pleased to announce this signed LOI with Inland pest control and to begin the due diligence process very soon. Inland is a 5 year old operation with around 100 very satisfied and loyal clients doing roughly one hundred thousand in annual revenue. Trina commented further, "The key items which makes this acquisition so exciting for ESI isn't the amount of revenue they are doing currently but rather the location of the business and the future potential revenue of its existing client base after we take over. Inland is located in populated and sprawling Lakeland, Florida a true hot bed for pest control operations. The current owner operates the business single handedly and is 62 years old and not in great health and cannot expand his current client base any further." Trina ended his comments of the acquisition by stating, "80% of Inlands revenue is from the Lawn and Ornamental side which is exactly where we want to expand operations. There are many details yet to be determined about the structuring, total cost, equipment etc. but feel very strongly after meeting with the owner that all details of this acquisition can be met. I feel very certain that post-acquisition we can take this business to an entirely new level and expand its client base and sell more services to its existing clients thereby hugely increasing revenues."
Mr. Trina stated this regarding his shareholder update, "I have received many emails and phone calls regarding our operations and stock price and want to address shareholder concerns/questions in a Q & A format based off of these questions which I believe reflects our average shareholder at large. Q. Please explain the current dilution and increased float? A. As stated in prior releases ESI needs to raise capital to fund its operations and future acquisition targets and additionally clean up our balance sheet. Nobody is affected more so than I with stock dilution but I consider this a necessary evil to execute our business plan. Furthermore with proper usage of funding that's being created from the issuance of shares ultimately this will be accretive to our shareholders not truly dilutive. Q. Are the financials and information on OTCMARKETS.COM for ESI up to date and accurate? A. Absolutely 100%. Q. How come there hasn't been much consistent news lately of potential acquisition targets? A. We haven't found any exciting or fairly priced deals in the last 8 weeks until now and most importantly was the need of capital to consummate any future deals and we didn't want to put the cart before the horse. Q. Is Royalty Landscape and design still on the table? A. Absolutely 100% yes. Q. How is X-Terminate subsidiary doing? A. Overall I am very pleased. They have made two payments to our parent company ESI and working hard to increase market share and increase revenue's wherever possible. Q. Aren't you upset about current stock price and what are you going to do about it? A. Yes it upsets me greatly that our current market valuation is around $500,000 I feel that our stock is hugely undervalued at these levels. In the short term there isn't much we can do about daily stock pricing as the market has it here for some reason. Investors must decide if it's a buy or sell. We can however over the longer haul execute our business plan, clean up our balance sheet and become profitable and continue to find solid acquisition targets which in turn bring great future value which in theory should bring the stock price to much higher levels. Q. Are there any plans currently to increase the authorized shares or do a reverse stock split? A. No. none whatsoever on either and that won't be considered unless the capital restructuring was absolutely needed for a specific game changer merger/acquisition scenario and then even so we would take care of our existing shareholders in a creative way so they wouldn't be hurt. Q. Have insiders been selling shares? A. Nobody has sold one single share and I don't see any insider selling in the foreseeable future. Q. Will 3rd quarter financials be posted timely? A. Yes absolutely.
About ESI Enviro-Serv Inc. (OTC Pink: EVSV ) is a Tampa based corporation specializing in providing property maintenance services in geographically concentrated warm climate states. Through an aggressive acquisition strategy, the Company is building a portfolio of highly profitable enterprises that offer year round services such as pest control management, lawn and landscaping care, pool maintenance, air conditioning/refrigeration installation and repairs and a host of additional onsite maintenance offerings. Please visit their website atwww.enviro-serv.com
Forward-Looking Statements - This press release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Enviro-Serv Inc. undertakes no obligation to update such statements.
CONTACT: Enviro-Serv Inc. 813-975-7177SOURCE: Enviro-Serv, Inc.
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