SOURCE: Enviro-Serv Inc.

November 07, 2013 07:00 ET

Enviro-Serv Inc. Announces Intent to Purchase All-American Lawn and Property Maintenance

TAMPA, FL--(Marketwired - Nov 7, 2013) - Enviro-Serv Inc. (ESI) (OTC Pink: EVSV) today announces that it has signed a letter of intent to purchase Tampa-based All-American Lawn and Property Maintenance, a Florida-based company.

Chris Trina, Chairman and CEO, stated this about the potential acquisition, "We are very pleased to announce this signed LOI with All-American and to commence due diligence immediately. I have been back and forth with the owner's over the last 3-4 months and elated to have gotten to this point. All-American is owned and operated by James Pickard and Stu Snow, two long-time Tampa Bay residents and close friends. The business primarily services accounts located in the Tampa Palms and New Tampa area of Tampa Bay. Everything about this acquisition makes perfect business sense to all parties," Trina explains. "All-American fits right into our wheelhouse and business model. They generate around 90-100k in annual sales and work closely with around 90 high end residential and commercial clients. There is a working relationship from years past where All-American was referring pest control and lawn fertilization business to their clients on behalf of X-Terminate and we look forward to that cross marketing to re-commence during the due diligence phase of this acquisition and of course way beyond." Trina ended by saying, "Jim and Stu are two of the absolute hardest working men I know. Their clients are extremely loyal and truly adore these two guys; this I know firsthand. They are out-of-box thinkers and hands on owners who want to stay in the industry for the long haul but clearly understand the benefits that Enviro-Serv offers them in bringing their company to an entirely different level."

Jim Pickard, founder and President of All-American, had this to say about today's news, "After many meetings and discussions with Mr. Trina regarding partnering up and getting under the Enviro-Serv umbrella, Stu and myself are very excited about the prospects going forward and also about being part of a publicly traded entity offering management support, stock incentives, subsidiary cross-marketing and most importantly the needed capital to grow our business exponentially the next few years."

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 at www.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 Information

  • CONTACT:
    Enviro-Serv Inc.
    813-975-7177