SOURCE: CES Synergies, Inc.

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July 22, 2015 07:30 ET

CES Synergies Receives $742,000 Air Force Housing Demolition Task Order

CES Synergies' Subsidiary, Cross Environmental Services, Has Been Issued Its First Task Order for Military Housing Privatization at Eglin Air Force Base

CRYSTAL SPRINGS, FL--(Marketwired - July 22, 2015) - CES Synergies, Inc. (OTC PINK: CESX) ("CES" or the "Company"), a full service environmental, asbestos abatement and demolition company, announced today that it has received the first demolition and asbestos abatement task order related to the military housing privatization at Eglin Air Force base. The scope of services associated with the task order is the demolition of 82 enlisted and non-commissioned officer residential units, along with the asbestos removal from 14 of these units. This task order totals $742,916 and is expected to be completed in 11 months. This is the first task order issued pursuant to the Master Service Agreement for work at both Eglin Air Force Base and Hulbert Field wherein 1,170 units are scheduled to be demolished. Work is anticipated to continue for the next three years under the Master Service Agreement and, if the Company receives task orders for each of the remaining units, the Agreement could potentially generate revenue of approximately $10 million.

John Tostanoski, CEO of CES Synergies, commented, "We believe this project will strengthen our foothold in the Gulf Coast region, where we are operating today. We recently purchased new equipment, to increase efficiency and decrease downtime, and provided equipment from our inventory at our Crystal Springs location to facilitate the work related to this contract. We value our 18-year relationship with the Air Force and appreciate the opportunity to develop and strengthen our relationship with Corvias Military Housing."

About CES Synergies Inc.
CES Synergies, Inc., through its subsidiary, Cross Environmental Services, Inc., is a specialty environmental services company providing quality environmental contracting solutions, demolition and remediation services to commercial and industrial customers, as well as federal, state and municipal entities. More information may be found at the Company's website: www.crossenv.com.

SAFE HARBOR STATEMENT: This press release may contain "forward-looking statements" that are made pursuant to the "safe harbor" provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. These statements are based upon management's current expectations as of the date of this press release. Such forward-looking statements may include statements regarding the Company's future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses and other future or expected performances. The Company cautions readers there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the SEC.

Contact Information

  • Investor Relations:
    Natalya Rudman
    Crescendo Communications, LLC
    (212) 671-1020, Ext:304
    cesx@crescendo-ir.com