SOURCE: Enviro-Serv Inc.

Enviro-Serv Inc.

December 23, 2014 07:00 ET

Enviro-Serv, Inc. Announces Shareholder Update and Market Price Comments From CEO

TAMPA, FL--(Marketwired - Dec 23, 2014) - Enviro-Serv, Inc. (OTC: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce a year end share holder update and comments from CEO regarding current deflated stock price.

Chris Trina, Chairman and CEO offered this year end shareholder update. "First off I want to wish the entire shareholder's of EVSV a very safe and happy Holiday season and hope for a profitable and healthy new year to all!! 2014 has been a very volatile topsy turvy year for Enviro-Serv, Inc. to say the least. The first half of the year saw aggressive positioning into the acquisition of a major pest control operation to include consistent funding availability and our stock hitting year highs of .00037 with the last half of the year to include a yet to be approved SEC REG-A offering and the cancelation of our pending pest acquisition due to not meeting the Oct. 15th deadline and recent decline of EVSV common stock to new lows in EVSV of .0001. These are unacceptable results and unacceptable stock prices and nobody more than me understands this pain. I understand fully the apprehension and anger of my shareholder's alike and sympathize with each and every one of you. Although I cannot control the unexpected delay's from the SEC on qualifying our much anticipated REG-A offering, as CEO I take full responsibility of not reaching the internal goals set for 2014 calendar year. Having said this EVSV stock is way way oversold and undervalued in my professional opinion and makes for a very enticing investment for those willing to bare the risks. Many good things continue to move forward in spite of the delayed REG-A offering and aforementioned setbacks." Trina offers shareholder update in a numerical format below.

1. EVSV continues to have two very strong letters of intents pending with two phenomenal Florida companies. These LOI's are active and breathing scenarios in which due diligence has almost been completed on both companies. (target names are under strict confidentiality agreements)

2. Due diligence as of last week is all but completed to my satisfaction on both the West coast pest control operation and the East coast AC operation. I am only awaiting year end financials on both companies expected by mid January.

3. EVSV is very close to engaging into another LOI with a Tampa based pest operation having contractual ties with the US NAVY worth over $300,000. Serious discussions have commenced and will reconvene after the New Year. (target names are under strict confidentiality agreements)

4. The SEC has received on Dec. 17th our most recent amended REG-A offering in which management and out attorneys' hold high hope we can gain qualification in short order and commence funding measures hopefully by Mid January 2015.

5. Management is fully aware of direct cause of stock pressure stemming from 3 foreclosed bridge loans whereby my personal stock held as collateral was converted into free trading stock from the lender and the market was hit with nearly 120,000,000 at prices .0002 and .0003 a few weeks ago. Management belief is that the lender may ultimately convert their last 120,000,000 shares but hold vs. selling as we negotiate other opportunities with this investment group going forward. Either way this only represents $20,000-$25,000 worth of EVSV stock and we are not aware of any further issued stock that would cause such a negative overhang in our immediate future.

6. Management is not entertaining strategies of reverse stock splits in the immediate or near term future.

7. 40-50% of proceeds sought from the REG-A offering will be used to increase advertising, increase personnel and purchase new equipment for X-Terminate as our flag ship wholly owned subsidiary in our quest to dominate the Tampa Bay market place by the end of 2015.

Mr. Trina ended his comments by saying this to shareholder's and the investing community, "I vow to continue to work diligently for the success of our shareholder's and investors. Anybody who truly knows me knows I am extremely competitive and not easily rattled. Although 2014 ended on some low notes I am not negative in any capacity about our business plan being executed going forward and our funding woes being addressed in short order. We have many great things currently underway as stated above and I ask investors to not lose confidence in either myself or our stock. I appreciate in advance your support of Enviro-Serv, Inc. and again wish everybody a joyous Holiday season."

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.
    813-975-7177