SOURCE: General Environmental Management

February 14, 2007 08:05 ET

General Environmental Management Completes 1-for-30 Reverse Stock Split and Improves Capital Structure

New Structure Creates Enhanced Platform for Long-Term Growth; Split Adjusted Trading to Begin February 14, 2007

POMONA, CA -- (MARKET WIRE) -- February 14, 2007 -- General Environmental Management, Inc. (OTCBB: GEVI), a leading environmental and waste remediation company, today announced stockholders have approved and it has effected a one-for-thirty (1:30) reverse split of its common stock. This reverse split creates an institutional quality capital structure that will provide a platform for management to execute its strategic plan and bring more value to the stockholders.

GEM's common stock will begin trading on a split-adjusted basis commencing today, February 14, 2007. As a result of the reverse split, the trading symbol has changed to GEVI.OB.

Per the reverse split, a) each thirty shares of issued and outstanding common stock will be converted automatically into one share of common stock; b) no fractional shares will be issued in connection with the reverse split, and stockholders who would be otherwise entitled to fractional shares will receive an additional one whole share, and c) the issued and outstanding shares of common stock will be reduced to 8 million. The reverse split will also have a proportionate affect on all stock options and warrants outstanding as of February 14, 2007.

Stockholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares. Stockholders of record as of February 14, 2007 who hold share certificates will receive instructions from GEM's transfer agent, Colonial Stock Transfer Company, explaining the process for obtaining new post-split stock certificates. Colonial Stock Transfer Company will act as the exchange agent for purposes of implementing the exchange of stock certificates.

About General Environmental Management, Inc.

General Environmental Management, Inc. ( is a full-service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare, including the following service offering: management and transportation of waste; design and management of on-site waste treatment systems; management of large remediation projects; response to environmental incidents and spills; and environmental, health and safety compliance. Headquartered in Pomona, California, GEM operates five field service locations and one Treatment, Storage, Disposal facility (TSDF), servicing all markets in the Western U.S.

Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations and beliefs of the management of GEM. No forward-looking statement can be guaranteed. GEM undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect GEM's business.

Contact Information

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    General Environmental Management (GEM)
    Tim Koziol
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    Investor Contact:
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    Moriah Shilton
    Kirsten Chapman
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