Business
Enviro-Serv, Inc. Announces New Target Acquisition Agreement in Place to Commence Discussions
Enviro-Serv, Inc. Announces New Target Acquisition Agreement in Place to Commence Discussions.
About this update from Enviro-serv, Inc.
[{"type":"text","content":"\n \n \n Enviro-Serv, Inc. Announces New Target Acquisition Agreement in Place to Commence Discussions\n \n \nEnviro-Serv, Inc. Announces New Target Acquisition Agreement in Place to Commence Discussions\n \n TAMPA, FL--(Marketwired - Jul 28, 2014) - Enviro-Serv, Inc. (http://www.enviro-serv.com) (OTC Pink: EVSV) (PINKSHEETS: EVSV), a growing company in the commercial and residential property maintenance industry, announces today that it has received a signed confidentiality agreement and has commenced discussions to acquire its latest target company. The company is a profitable 20 plus year leader in residential A/C and located on the East coast of Florida.\n CEO Chris Trina states this to investors and shareholders, \"Discussions have been underway for about a month since being introduced to this potential target candidate. I am very proud to announce that a confidentiality agreement is in place and in-person meetings have now begun. Out of concern for his employee's and competitor piracy the seller had demanded a confidentiality agreement which we of course abided with. That agreement has been inked and the first in-person strategy meeting took place last Thursday night. I felt the meeting went extremely well and I'm ready to hit the ground running on this deal. Per the agreement I am allowed to tell the public only the following; the business has been in existence for 21 years and located on the South East coast of Florida, it generates revenues in excess of 1.3 million dollars and is profitable, it generates 90% of its sales from the residential marketplace and has a strong foothold in a certain high profit market niche, seller will stay in place to run the company for no less than 3 years and is open minded and flexible on the potential structure of this deal.\" Trina exclaimed, \"The most important item I am allowed to announce today is the seller has asked Enviro-Serv to begin the process of discussing the terms of the \"LETTER OF INTENT\" and to draft our first version this week.\"\n Trina ended his statements to investors by saying, \"This newest target is as exciting as our current pest control acquisition we are working on. It's not unrealistic that within the fourth quarter we are in control of both of these established profitable companies. As we take care of business with X-Terminate and diligently work towards ou...