SOURCE: Service Team Inc.

April 26, 2016 16:39 ET

Service Team Inc. Moves to Larger Quarters

VILLA PARK, CA--(Marketwired - April 26, 2016) - Robert L. Cashman, President of Service Team Inc. (OTC PINK: SVTE), announced today that Service Team Inc. has completed the relocation of its manufacturing facility to Fullerton California.

Service Team Inc., effective September 1, 2015, leased new facilities at 1818 Rosslynn Avenue, Fullerton, California, to manufacture its products. The Company moved from 10633 Ruchti Road, South Gate, California to its new location effective October 1, 2015. The new facility is leased for six and one half years at a price of $10,000 per month, for the first six months; and, $14,000 per month thereafter. Service Team Inc. pays for the fire insurance and property taxes on the building estimated to be approximately $2,000 per month. The location consists of three acres of land and one building of approximately 30,000 square feet. The facility is approximately one-third larger than the prior facility in South Gate. The new facility gives us 30% more in manufacturing and outside storage area. This larger and newer facility will allow the company to continue to expand.

The company has now expensed all of the cost for moving to the new location and is back in full production.

Mr. Cashman stated that "The company has retired the following convertible notes." Vis Veres Group $38,000, JMJ Financial Group $27,778, L.G. Capital $26,500, Tangiers Capital Group $55,000 and U.S. Affiliated, Inc. $14,315.

We look forward to continued growth and profitability in the future. Our future plans are to continue to expand our present business and grow through acquisitions.

About Service Team Inc.:

Service Team Inc. is a fully reporting public company with its stock listed on the OTCPINK using the symbol SVTE. The Company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth of more than thirty percent (30%) per year.

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Contact Information

  • Service Team Inc.
    18482 Park Villa Place
    Villa Park, CA 92861
    714-538-5214
    Website: www.deltastag.com