TAMPA, Fla., May 7, 2013 /PRNewswire/ -- Enviro-Serv
Inc. (OTC Pink: EVSV) Enviro-Serv Inc. (ESI) is pleased to
announce its first shareholder update letter from Chairman and CEO
Chris Trina.
Dear Enviro-Serv Shareholders,
I'd like to begin by offering a heartfelt thank you to each and
every shareholder; past, current and future for your unwavering
support of our company and for taking the time to read and digest
this important shareholder letter. I will address the following
topics as follows that I feel are currently most important to
update the public with; corporate makeover and structure,
current potential subsidiaries, financial Statements,
management structure and corporate goals.
Corporate Makeover and Structure: On April 23rd we announced the new
beginning of Enviro-Serv Inc. Not only did our name change formally
that day but our stock began trading under our new symbol EVSV as
well. This was a very exciting day for management as it was a long
road in getting to this point. As of today we have nearly one
thousand stock holders with their stock held at thirty three
different broker dealers and banks. We currently have 887,084,477
issued and outstanding shares against a 950,000,000 authorized and
a 10% float of 86,592,291. We now have 11 total market makers up
from 4 a month ago. In the month of March we traded zero shares and
had 225 shareholders. During the month of April our stock has
traded a total of 114,000,000 shares with average daily volume in
April of 6,333,000. Our stock is clearly on the "radar" and has
been readily accepted shown by the data stated above. We intend to
retire shares currently issued and positively restructure as well
as considering buying back shares if shares remain at what we
perceive to be deflated levels given our progress and potential.
Our common stock has been extremely volatile since active trading
began a few weeks ago which management attributes mainly to very
aggressive short selling and day trading flipping. I vow to our
shareholders to monitor short selling very closely at all times
making best efforts to ensure that any short selling taking place
in EVSV stock is done legally and within the scope of all rules and
regulations currently in place. Management will not under any
circumstances tolerate corporate or personal slander or
manipulative tactics that are commonly used in lower priced
securities in attempts to drive stock prices down and will deploy
any legal actions possible if deemed necessary to do so. It is the
goal of management to continue to keep the market place aware of
our progress and to continue to broaden our shareholder and market
maker base.
Current Subsidiary progress: We have announced three
potential subsidiaries, two are under letter of intents, Air
Systems Group and Royalty Landscaping and the third, X-Terminate
Pest Management Inc. is underway in its restructuring to become a
subsidiary of ESI as well. We have made generous progress with all
three companies. As announced last Friday the due diligence process
is fully completed with Air Systems Group and a valuation amount
for acquisition has been agreed upon. Management believes strongly
in its ability to close this acquisition by the end of May. We are
still in the due diligence phase with Royalty landscaping but with
current discussions that continue to take place we are feeling
strongly about this acquisition taking place over the short term as
well. X-Terminate Inc. was a former subsidiary of our predecessor
company of which I personally steer-headed for four years and
understand fully its financial growth potential to Enviro-Serv as a
new wholly owned subsidiary under its new name, X-Terminate Pest
Management Inc. ESI has begun its marketing campaign this
week in two major trade magazines and is encouraged by the interest
shown by further potential subsidiary candidates. Additionally
X-Terminate Pest Management Inc. has made progress in its quest for
a CPO (Certified Pest Operator) and we firmly believe this
acquisition can also be finalized by the end of May.
Management is extremely excited about all three of these prospects
and looks forward in working with them closely.
Financial Statements: We are current and up to
date and fully reporting in our pink sheet filings. We recently
posted 2012 financials and our disclosure statement. We will be
posting our Q1 2013 financials by May
19th which will reflect approximately
$500,000 in debt extinguishment.
Management will continue to work diligently at reduction of debt
and balance sheet clean up which will help with potential future
funding and bringing in new investors. It's projected we will begin
posting financials of our wholly owned subsidiaries in Q2 which
will clearly reflect the successful acquisitions and what they mean
to ESI financially.
Management Structure: We recently announced the hiring of
Mr. Ormand Hunter as our new V.P. of
marketing. He is extremely qualified for this position and has hit
the ground running over the past couple of weeks. Mr. Hunter is the
first of a few upcoming hiring's to bolster our executive team and
to build a world class management team. In addition to the
executive team we are in the process of interviewing key Strategic
Advisors to assist in the process of subsidiary due diligence and
as a sounding board to the executive team as specialists in their
respective fields of operation in guiding us down the correct paths
of successful acquisitions going forward. Lastly, I am interviewing
additional financial board members to bolster our executive board
of directors as well.
Corporate Goals: We strive to remain very active in our
hunt for qualified potential subsidiary acquisitions. Management
has a goal to sign 1-2 letters of intent per month and finalize
acquisitions of 7 companies in 2013. We strongly believe that we
can consummate the acquisition of Air Systems Group by the end of
this month and Royalty Landscape in the short term as well.
X-Terminate Pest Management Inc. should be an active wholly owned
subsidiary of ESI also by end of May. We have great interest from
numerous Tampa Bay companies that
fit our business model and who are anxious to sit down and discuss
the benefits of partnering with ESI. We are extremely excited to
continue to move forward at warp speed with our new launch and to
do everything in our power to add shareholder value.
Again thanks very much for your support of Enviro-Serv Inc. We
truly appreciate our shareholders.
Sincerely,
Christoph A. Trina
Chairman and CEO, ESI
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (OTCPK: 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.
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 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:
Enviro-Serv, Inc. – 813-975-7177
SOURCE Enviro-Serv Inc.