Enviro-Serv, Inc. Announces Major Milestone in $1.5m Financing Agreement for Expansion Initiatives
20 Maggio 2014 - 10:05PM
Marketwired
Enviro-Serv, Inc. Announces Major Milestone in $1.5m Financing
Agreement for Expansion Initiatives
TAMPA, FL--(Marketwired - May 20, 2014) - Enviro-Serv,
Inc. (OTC: EVSV), a growing company in the commercial and
residential property maintenance industry, announces today that it
has formally filed a Regulation A offering statement with the SEC
to raise $1,500,000 to fund corporate expansion initiatives.
CEO Chris Trina states, "Most pink sheet companies that initiate
a REG A offering fail to follow through due to lack of
accountability in terms of responding to questions and comments
while under merit review with the SEC. This will not be the case
for Enviro-Serv. We have filed a very thorough and clean offering
using a highly qualified attorney and law firm. Although we expect
to see comments from the SEC within the 20 day review time-frame we
intend to address any comments swiftly and effectively.
Shareholders should be very excited about this milestone event as
raising capital is the key to our future success and in executing
our business plan."
Regulation A (REG A) is an exemption which allows eligible
issuers the right to claim the exemption and raise up to $5 million
in securities sales in any 12 month period. EVSV plans to raise
$1.5m to fund future acquisition opportunities, additional sales
force personnel, marketing and overall brand expansion,
geographically and in terms of overall service offerings.
EVSV's Institutional Investor based in New York also has
confidence in the effective filing of this REG A offering and has
recently provided an additional $25,000 bridge loan. Furthermore
they have entered into an investment agreement as part of the REG A
with EVSV to raise the $1,500,000 in a series of tranches the
investors intend to provide toward overall growth of EVSV.
"This is an exciting time for EVSV and its shareholders," states
Trina. "As we continue to work toward final execution of an
attractive acquisition which we are confident will translate to
$1m+ in revenues over the next year, we continue to build a strong
company in terms of both operations and public markets. To
that effect, though there are many things happening for us right
now, I want to further state, officially and as stated in my
shareholder update letter, that EVSV is not considering a reverse
stock split as we feel revenues and investments in our company from
our Institutional investor may lead to more attractive ways in
terms of strengthening the overall integrity of the public company
while continuing to build shareholder value. Additionally we filed
our financials last week in a timely manner. All information on
OTCMARKETS.COM is 100% up to date and accurate. As long as I'm the
CEO of this company investors can fully rely on total transparency
of this company."
Meanwhile, EVSV's target acquisition as previously announced, is
still on track for final signature and remittance of deposit which
serves as a catalyst for the deal, in the coming days.
Enviro Serv, Inc. (OTC: 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.
Please visit our websites at www.enviro-serv.com and
www.xterminateinc.com to learn more.
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 solely 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: Chris Trina CEO Enviro-Serv, Inc. 813-975-7177
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