Contact Information: Contacts: Company Contact: J John Combs III, President Strategic Environmental & Energy Resources, Inc. 303-295-6297 Investor Relations Contact: Jay Pfeiffer Pfeiffer High Investor Relations, Inc. 303-393-7044
Strategic Environmental & Energy Resources Acquires MV, LLC
Cutting Edge Vapor/Odor Control and Alternative Energy Solutions Expand Company's Environmental Services Product and Service Portfolio
COMMERCE CITY, CO--(Marketwire - June 25, 2008) - Strategic Environmental & Energy
Resources, Inc. (SEER) (PINKSHEETS : SENR ), a leading provider of
technology-based industrial services in the environmental, energy, and rail
sectors, today announced it has acquired the privately-held environmental
solutions company, MV, LLC, for stock and cash.
Based in Golden, Colorado, MV is an innovative developer and provider of
technology-based environmental solutions and renewable energy alternatives.
Clients include Fortune 500 companies in the oil & gas, mining, livestock,
beverage, waste water, and other industries. All these businesses have
regulatory and practical reasons to minimize or eliminate the release of
harmful gases into the atmosphere as well as capture and utilize waste
sources where ever feasible.
Paul Trost, co-founder and manager of MV, said, "We are excited to join
SEER's team and become part of a fast growing enterprise dedicated to
offering a full complement of progressive environmental and energy
solutions. While we have achieved strong and consistent year-to-year
growth, we believe we can improve our performance over the long term with
new marketing and operational synergies with SEER and its other operating
subsidiaries. SEER's strength is just what we need to rapidly bring our
new technologies to market."
MV, which will operate as a wholly owned subsidiary of SEER, has corporate
and municipal customers throughout the United States. The Company has
three primary product lines that manage vapor and odor emissions as well as
create renewable energy programs in a range of applications. Products
include the H2S PLUS Removal System, a patent pending process that removes
H2S, mercaptans and carbonyl sulfides from waste gases in applications such
as oil refining, asphalt production, landfills, meat packing, waste water
treatment and farming; the OdorFilter System, also patent pending, which
removes H2S, mercaptans, carbonyl sulfides and certain readily
biodegradable organic compounds in similar applications; and the V3RU
(Variable Volume Vapor Recovery Unit), a new low-cost alternative to gas
well flares that captures, stores and compresses fugitive hydrocarbons
escaping from production tanks for compliance, economic recovery, and
increased operating safety. The V3RU enables the customer to increase net
gas production and revenue while eliminating emissions and complying with
increasingly stringent government regulations.
J John Combs III, president and CEO of SEER, said, "In the growing $4
billion air pollution control equipment market, this is an important part
of SEER's growth plans. REGS' long-time customers have requested such
emission control technology and the principals of MV are the best in the
industry. MV's proven product lines and proprietary technologies are ideal
complements to our existing portfolio of environmental services and
technology solutions. The two companies have already created sales for
each other from their overlapping customer bases and MV can now utilize
REGS for its installation and recurring service needs since these are REGS'
strengths. Also important, SEER is now in the renewable energy market with
proven and cost effective technology. We will continue to evaluate
strategic acquisitions that supplement our growing services base and offer
strong revenue and earnings growth potential."
SEER, through its REGS, Tactical Cleaning and MV subsidiaries, now has
operations in Colorado, Texas, Oklahoma, Nebraska and Pennsylvania, and the
Company is evaluating additional locations where demand for its services is
strong, particularly in the area of railcar tank cleaning. Additionally,
SEER continues to explore opportunities with its well-established partners
in the Middle East region.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. is a leading provider of
technology-based industrial services in the environmental, energy, and rail
transportation sectors. The Company has three operating subsidiaries:
REGS, LLC (d/b/a Resource Environmental Group Services), which provides
industrial services to companies in the petroleum, industrial,
manufacturing, and medical industries, as well as to university, government
and environmental consulting sectors; Tactical Cleaning Company, LLC, a
dedicated fixed and mobile railcar and tanker truck cleaning company with
operations in Colorado, Nebraska, Pennsylvania and Oklahoma, and immediate
plans to expand into additional states; and MV, LLC, an innovative
developer and provider of technology-based renewable energy alternatives
and environmental solutions related to emission and vapor control.
Together, these companies provide industrial and tank cleaning services,
hydroblasting services, environmental construction services, management and
transportation of industrial wastes, railcar and tanker truck cleaning,
sludge dewatering services, vapor and emission control technologies,
renewable energy alternatives, and general environmental and waste
management services.
For more information, go to:
http://www.seer-corp.com
http://regsindustrial.com
http://odorfilter.com
This press release contains "forward-looking statements" within the meaning
of various provisions of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, commonly identified by such terms
as "believes," "looking ahead," "anticipates," "estimates" and other terms
with similar meaning. Specifically, statements about the Company's plans
for growth and profitability, expansion and acquisition plans, efficacy and
marketability of its products, and synergies of its subsidiaries are
forward looking statements. Although the company believes that the
assumptions upon which its forward-looking statements are based are
reasonable, it can give no assurance that these assumptions will prove to
be correct. Such forward-looking statements should not be construed as
fact. The information contained in such statements is beyond the ability of
the Company to control, and in many cases the Company cannot predict what
factors would cause results to differ materially from those indicated in
such statements. All forward-looking statements in the press release are
expressly qualified by these cautionary statements and by reference to the
underlying assumptions.