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Enviro-Serv Inc. Announces Agreement On Air Systems Group Acquisition Valuation
Enviro-Serv Inc. Announces Agreement On Air Systems Group Acquisition Valuation.
About this update from Enviro-serv, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nEnviro-Serv Inc. Announces Agreement On Air Systems Group Acquisition Valuation\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nEnviro-Serv Inc. Announces Agreement On Air Systems Group Acquisition Valuation\n\nPR Newswire\n\nTAMPA, Fla., May 3, 2013\n\n\n\n\n\n\n\nTAMPA, Fla., May 3, 2013 /PRNewswire/ -- Enviro-Serv Inc. (ESI) (OTC Pink: EVSV) Enviro-Serv Inc. today announces that both companies have agreed upon the valuation for acquisition of Air Systems Group (ASG) opening the door to commence and finalize Enviro-Serv's first acquisition.\n\n\n\nChris Trina, Chairman and CEO of ESI stated this, \"This is extremely exciting and encouraging for both companies. After almost 3 weeks of performing due diligence since the April 16th announcement of our letter of intent to acquire ASG much has been accomplished. Our team literally spent hours and hours sitting with the owners in their office going over their current financials and their expected future goals. Performing proper due diligence requires more than receiving bank statements and pro-formas,\" Trina stated. \"To really understand and learn about a potential subsidiary candidate our team must be face-to-face with them often, having lunch and dinner, meeting wives or husbands and their family members, speaking to vendors and employees alike and looking over major contracts. We must become part of their family so to speak over a very short period of time to obtain that \"warm and fuzzy\" one must feel to partner up with a company\" Trina explained. Trina further stated, \"I think the most difficult task after the due diligence process is completed is agreeing on the valuation of the target company. All three partners of ASG unanimously voted in favor of our initial valuation which opened the door to completing our first acquisition at ESI which super exciting for our shareholder's.\" Trina ended by saying, \"There is indeed more work to be done and some very important items to be further discussed to finalize this transaction; however the excitement level from both sides and th...