SOURCE: Enviro-Serv Inc.

Enviro-Serv Inc.

January 15, 2015 07:00 ET

Enviro-Serv, Inc. Announces New Letter of Intent and SEC Qualification and Effective Date for Funding Offering

TAMPA, FL--(Marketwired - Jan 15, 2015) - Enviro-Serv, Inc. (OTC: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce its newest LOI and SEC qualification for current offering.

Chris Trina, Chairman and CEO, made these enthusiastic comments to shareholders: "A major milestone was reached this week upon going effective with our much delayed but anticipated REG-A offering with the Securities and Exchange Commission. This past Monday afternoon we got the call from the SEC that we were both qualified and effective regarding this offering to raise capital. After many amendments, changes and concessions we found it very important to do whatever it took to appease the SEC and get them comfortable enough to get this qualified. I've stated many times in the past without funding we cannot execute our business plan but no longer have those concerns. Our next steps are to file the offering state by state which is not a lengthy process whatsoever. Although a REG-A offering allows up to 5 million dollars in capital raise we decided in this specific filing to only raise just over $500,000 in attempts to keep everybody happy in terms of dilution but at same time procuring the needed dollars to close our pending deals and clean up our balance sheet. In this offering we've accomplished both in my opinion allowing us enough capital to expand X-Terminate exponentially if needed and finalize discussions of definitive asset purchase agreements on both the East Coast A/C company and the West Coast Pest operation. Internally our game plan is to raise this capital over the next 45-60 days as we have many interested investors lined up to participate. During this funding period we feel strongly we can ink the necessary asset purchase agreements and close these pending deals by the beginning of the second quarter. Due diligence is completed with the A/C company and we are very impressed with their record breaking year and how strong their winter quarter is going as well. Due diligence on the West coast pest operation is almost completed and now negotiating purchase prices on both companies is my next endeavor."

Trina explains details of newest "LOI": "I have signed and delivered our newest LOI documentation to the founder of Pestmaster Services my desire to acquire and effectuate the needed documents to procure Pestmaster Services first Tampa franchise location ever. As stated on Dec. 23rd PR release Pestmaster Services is only one of a handful of national pest operations approved to bid on GSA governmental pest contracts and currently holds a 5 year, $307,000 VA Tampa based contract that would be owned and serviced by the Tampa franchisee. Additionally discussions are underway to encapsulate X-Terminates operations under the Pestmaster umbrella and make it one giant killer in the Tampa Bay area and aggressively seek further GSA contracts such as MacDill AFB located in South Tampa as an example. Pestmaster Services is an award winning well recognized name for over 35 years in the pest control industry. Although there are still discussions to take place on this deal I look forward to finalizing our Tampa deal and working closely with Pestmaster Services on future government and private sector contracts."

Mr. Trina ended his comments by saying this to shareholders and the investing community, "I vow to continue to work diligently for the success of our shareholders and investors. Shareholders and potential new investors should be extremely excited about this news today. After Enviro-Serv acquires these 3 companies our financials will prove these acquisitions to be anti-dilutive and for our stock to carry much higher multiples. I call on my shareholders to help support our financial goals and our underlying stock so we can successfully raise our needed capital. Let's have a successful and profitable 2015 together and I appreciate your unwavering support."

The company looks forward to issuing further updates as it continues to achieve benchmarks toward long-term success for Enviro-Serv and its shareholders.

Enviro- Serv, Inc. (OTC: 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 our websites at www.enviro-serv.com and www.xterminateinc.com to learn more.

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 solely 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:
    CHRIS TRINA
    CEO
    Enviro-Serv, Inc.
    813-708-9910