SOURCE: Strategic Environmental & Energy Resources, Inc.
COMMERCE CITY, CO--(Marketwire - Dec 5, 2012) - Strategic Environmental & Energy Resources, Inc. ("SEER") (PINKSHEETS: SENR), a technology-driven services company in the environmental, renewable energy, oil & gas, refining and rail sectors, announced today that it has completed a $1,500,000 round of equity financing. The financing will enable the Company to accelerate its expansion into existing markets, strengthen its balance sheet, and launch its new technologies into related but expanded markets.
"In addition to the obvious financial boost this capital will provide, the equity partners have already become strategic partners in the Company's go-forward plans," stated John Combs, CEO. "The Company had been offered other financing options, but we waited until the right combination of capital, resources, and relationships came together."
Combs added that SEER expects to become a fully reporting company in the first half of 2013 and, together with its new equity partners, launch new technologies and implement aggressive domestic and international expansion plans.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. is a leading provider of technology-based industrial services in the environmental, renewable energy, oil & gas field, refining, waste management, and rail sectors. The Company has four operating subsidiaries: REGS, LLC (d/b/a Resource Environmental Group Services), that provides industrial services to companies in the oil & gas fields, petroleum, industrial, manufacturing, and medical industries; Tactical Cleaning Company, LLC, a dedicated fixed and mobile railcar and tanker truck cleaning company with multiple facilities; MV, LLC (d/b/a MV Technologies), an innovative developer and provider of technology-based renewable energy alternatives and economic environmental solutions related to emission and vapor control; and Paragon Waste Solutions, a newly formed subsidiary with patent-pending "cold-plasma" technology designed to treat multiple solid waste steams both on-site and at collection facilities.
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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 demand for, and effectiveness of, the Company's products and services; strengthening the company's balance sheet; plans to become a fully reporting company; and plans to accelerate expansion into existing and new markets and launch new technologies 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.