General Environmental Management Inc. GEVI Archives - Page 3 of 6

WednesdayFeb 03, 2010 8:37 am

General Environmental Management, Inc. (GEVI.OB) Announces Upcoming Proxy Vote for Sale of Waste Management Business

General Environmental Management, Inc. was pleased to announce this morning that its Stock Purchase Agreement with Luntz Acquisition (Delaware), LLC, a subsidiary of PSC Environmental Services, LLC, pursuant to which the Company has agreed to sell General Environmental Management, Inc. (DE) and its subsidiaries, continues to stay on track for a closing date on or prior to March 1, 2010. GEM’s Board of Directors has unanimously approved the Purchase Agreement and adopted resolutions recommending shareholder approval. However, the closing of the sale is still subject to the approval of shareholders and other customary closing conditions. After the proxy vote is…

FridayJan 15, 2010 11:20 am

General Environmental Management, Inc.’s (GEVI.OB) Acquisition of Santa Clara Waste Water

Just two short months ago, General Environmental Management Inc. announced an important first step in its move from a field waste services company into more lucrative sectors such as water treatment. The company reported the completion of its acquisition of Santa Clara Waste Water (SCWW) in California. Santa Clara Waste Water is a profitable, 50 year old company focused primarily on waste water treatment. Since its inception, SCWW has treated more than 2 billion gallons of waste water and was among the top 100 privately-owned, non-hazardous, waste water utilities in the United States. The company financed the acquisition through six…

WednesdayDec 23, 2009 2:47 pm

General Environmental Management, Inc. (GEVI.OB) Moves Forward With Sales and Acquisitions

General Environmental Management Inc. recently completed the acquisition of Santa Clara Waste Water (SCWW), a profitable full-service environmental services company focusing on waste water treatment. SCWW has been doing business for over 50 years, and has treated more than 2 billion gallons of waste water. It’s listed as one of the top 100 privately owned non-hazardous waste water utilities in the country. The acquisition was financed through the issuance of six promissory notes, totaling $9,003,000, along with warrants for the principals of SCWW to purchase 425,000 shares of GEM common stock. The interest rate for the notes is 6½% per…

FridayDec 11, 2009 9:27 am

General Environmental Management, Inc.’s (GEVI.OB) Transition into Faster-Growing, High-Margin Markets

General Environmental Management Inc. made a strategic decision a few months ago to switch the focus of the company from hazardous waste field services to the more lucrative water treatment and waste-to-energy markets. The company's management firmly believes that shareholders will benefit in the long-term from this move into faster-growing markets. The company's initial forays into these markets will focus on western areas of the United States. General Environmental has already made one large deal in the rapidly-growing water business. The recently-closed deal saw the company acquire California-based Santa Clara Waste Water, a profitable 50 year old wastewater treatment business.…

WednesdayDec 02, 2009 4:21 pm

General Environmental Management, Inc. (GEVI.OB) Files Quarterly Report; Updates Investor Community

General Environmental Management, Inc. announced today just before market close that it has filed its 10Q Report for the quarter ended September 30, 2009. The Form 10Q can be found at http://www.sec.gov. The company also provided a brief update on the previously announced closing of the acquisition of Santa Clara Waste Water Company, as well as the progress made on the sale of GEM's field services business. According to the press release, GEM has taken major actions to eliminate debt, improve GEM's balance sheet and free up resources to focus on new, profitable markets. To date, the company has: 1)…

TuesdayDec 01, 2009 9:27 am

General Environmental Management, Inc. (GEVI.OB) Reminds Investors of First-Ever Earnings Conference Call 12/2/09 at 4:30pm EST

General Environmental Management, Inc. yesterday issued a press release to remind the investment community of its first-ever conference call that will take place December 2 at 4:30 EST/1:30 PST. Following prepared remarks and presentation of the operating results, the call will be open to questions and answers. During the investor call, General Environmental Management will provide detailed information on the acquisition of Santa Clara Waste Water (SCWW). GEM Management will also discuss the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. The participant dial-in number is: 1-480-629-9712. If you have an interest in GEVI and would…

MondayNov 16, 2009 9:56 am

General Environmental Management, Inc. (GEVI.OB) Announces Acquisition of Santa Clara Waste Water

General Environmental Management, Inc. announced today before the opening bell that it has completed the acquisition of Santa Clara Waste Water (SCWW), a profitable, 50 year old, full service environmental services company focused primarily on the waste water treatment business. To date, SCWW has treated more than 2 billion gallons of waste water and is recognized as one of the top 100 privately owned non-hazardous waste water utilities in the United States. GEM financed the acquisition through the issuance of six promissory notes in the aggregate principal amount of $9,003,000, along with warrants for the principals of SCWW to purchase…

WednesdayNov 11, 2009 1:32 pm

General Environmental Management, Inc. (GEVI.OB) is Poised for Growth

General Environmental Management Inc. is currently in the process of shifting its business focus from hazardous waste field services to the more lucrative and faster-growing water treatment and waste-to-energy markets. Having successfully built one of the most well-run field companies in the country, the company's management is confident they can move the company towards a more profitable future in the water treatment and waste-to-energy industries. The management of General Environmental has secured the services of long-time sponsor of the company, General Pacific Partners, to assist them to explore and evaluate wastewater business acquisition opportunities, particularly in the western areas of…

ThursdayOct 29, 2009 10:03 am

General Environmental Management, Inc. (GEVI.OB) to Conduct First-Ever Earnings Call

General Environmental Management Inc. reminds investors and other interested parties that it plans to conduct its very first earnings conference call on Monday, November 16, at 4:30 EST (1:30 PST). The call is being hosted by the company’s management team, including Tim Koziol (CEO), Brett Clark (CFO), and Bill Mitzel (president). Questions will be taken after the formal presentation relating to operating results and the company’s shift of business focus to wastewater management and waste-to-energy markets. CEO Tim Koziol spoke at some length about the upcoming conference call, providing a good idea of exactly what will be covered: “We are…

TuesdayOct 27, 2009 10:39 am

General Environmental Management, Inc. (GEVI.OB) Making the Switch to More Profitable Businesses

General Environmental Management Inc. is in the midst of a process to switch the focus of its business from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. The company believes that shareholder interest will be better served in the long term by this move into faster-growing, more profitable markets. The opportunity in the marketplace is definitely there. Within the United States alone, the water industry is a $120 billion market that is expected to grow at a 6%-7% rate over the next year. On a global basis, the industry size exceeds $400 billion annually and…

Site Search

Company Search

Tag: General Environmental Management Inc. GEVI