Business
Enviro-Serv, Inc. Announces New Letter of Intent and SEC Qualification and Effective Date for Funding Offering
Enviro-Serv, Inc. Announces New Letter of Intent and SEC Qualification and Effective Date for Funding Offering.
About this update from Enviro-serv, Inc.
[{"type":"text","content":"\n \n \n Enviro-Serv, Inc. Announces New Letter of Intent and SEC Qualification and Effective Date for Funding Offering\n \n \nEnviro-Serv, Inc. Announces New Letter of Intent and SEC Qualification and Effective Date for Funding Offering\n \n TAMPA, FL--(Marketwired - Jan 15, 2015) - Enviro-Serv, Inc. (OTC: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce its newest LOI and SEC qualification for current offering.\n Chris Trina, Chairman and CEO, made these enthusiastic comments to shareholders: \"A major milestone was reached this week upon going effective with our much delayed but anticipated REG-A offering with the Securities and Exchange Commission. This past Monday afternoon we got the call from the SEC that we were both qualified and effective regarding this offering to raise capital. After many amendments, changes and concessions we found it very important to do whatever it took to appease the SEC and get them comfortable enough to get this qualified. I've stated many times in the past without funding we cannot execute our business plan but no longer have those concerns. Our next steps are to file the offering state by state which is not a lengthy process whatsoever. Although a REG-A offering allows up to 5 million dollars in capital raise we decided in this specific filing to only raise just over $500,000 in attempts to keep everybody happy in terms of dilution but at same time procuring the needed dollars to close our pending deals and clean up our balance sheet. In this offering we've accomplished both in my opinion allowing us enough capital to expand X-Terminate exponentially if needed and finalize discussions of definitive asset purchase agreements on both the East Coast A/C company and the West Coast Pest operation. Internally our game plan is to raise this capital over the next 45-60 days as we have many interested investors lined up to participate. During this funding period we feel strongly we can ink the necessary asset purchase agreements and close these pending deals by the beginning of the second quarter. Due diligence is completed with the A/C company and we are very impressed with their record breaking year and how strong their winter quarter is going as well. Due diligence on the West coast pest operation ...