News - January 4. Air Con Company Acquisition.
Post# of 4419
Posted On: 01/04/2016 9:15:17 AM
News - January 4. Air Con Company Acquisition.
Enviro-Serv, Inc. Announces Intent to Purchase Above Air, Inc. A/C
TAMPA, FL / ACCESSWIRE / January 4, 2016 / Enviro-Serv, Inc. (PINKSHEETS: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce that it is in the final stages of discussion to purchase Above Air, Inc. Air Conditioning ("Above Air"
.
"This is the first purchase of its kind for Enviro-Serv and a huge milestone for the company," stated Chris Trina, CEO of Enviro-Serv, Inc. "We've been pushing hard for a long time as many shareholders are aware and this being our first transaction of the New Year is a big step for the Company. Final negotiations are ongoing on numerous items pertaining to the definitive purchase agreement being agreed upon but we are extremely confident in our ability to reach this milestone in fairly short order. Above Air A/C ended 2015 with approximately 1.5 million dollars in revenue and was net profitable. They have grown around 10% annually over the last 3 years and service over 1000 clients. Mr. Chris Marino, founder and President of Above Air has committed to staying onboard for approximately 1-2 years for transitioning which makes this opportunity that much more enticing. He's a true winner and a welcome addition to our team."
Above Air has over 20 years of professional HVAC service focused on residential and light commercial service, replacement, and Preventative Maintenance. Serving all of Broward County as well as Palm Beach County north to Wellington, Above Air boasts a customer base of thousands of homes that use its services each year. The company has a full time workforce made up of installers, salespeople, support teams, supervisors, dispatchers, and clerical workers. Over the last 3 consecutive years (2013, 2014, & 2015) Above Air has also earned the Carrier Presidents award for excellence in customer satisfaction and exceeding expectations as a Carrier dealer.
President and founder of Above Air A/C Mr. Chris Marino stated, "I'm excited and optimistic about our negotiations with Enviro-Serv, Inc. to acquire our organization. For Enviro-Serv shareholders we bring a rock solid client base that has been developed and maintained for over 20 years. For Above Air A/C we're excited about the growth that we expect to see through the joint efforts of our new partnership. I look forward to seeing our staff become invigorated with the benefit that comes with a larger and dynamically growing publicly traded organization such as Enviro-Serv. I can say unequivocally my major interest in partnering up with Enviro-Serv is two-fold; 1. I think Mr. Trina is a talented and motivated CEO who will help grow Above Air to new record revenues and profits and 2. I strongly believe in the Pestmaster Services business model and what's going on in Tampa Bay whereby the combined revenues and profits of these two subsidiaries should command a strong increase in stock valuation in my opinion."
Marino concluded, "Above Air is a 3 time Carrier "President's Award" winning Air Conditioning contractor. We are expected to receive notice of our 4th "President's Award" in the first quarter of 2016. The Carrier President's award is only awarded to a very select and elite portion of contractors who have risen to the top of Carrier's factory authorized dealers. This award indicates that Carrier has thoroughly vetted the contractor's business practices, customer satisfaction, product sales, and growth from year to year. I am eager to finalize the contract terms of the definitive purchase agreement and have full and complete faith that Mr. Trina is the right man to get this deal completed."
Current and prospective shareholders are also reminded that Enviro-Serv will be hosting its first conference call later this afternoon at 4:15PM EST via the following call-in information below:
Dial-In Number: 641-715-3580
Access Code: 721-853
Enviro-Serve has extended the window for submitting questions to management. Current and prospective shareholders have an opportunity to submit questions for reply on the conference call to the following email address: CTrina@enviro-serv.com. These will be accepted until 2PM EDT today.
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (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.pestmaster.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.
813-708-9910
SOURCE: Enviro-Serv, Inc.
© © 1998 - 2016 Baystreet.ca Media Corp. All rights reserved.
Enviro-Serv, Inc. Announces Intent to Purchase Above Air, Inc. A/C
TAMPA, FL / ACCESSWIRE / January 4, 2016 / Enviro-Serv, Inc. (PINKSHEETS: EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce that it is in the final stages of discussion to purchase Above Air, Inc. Air Conditioning ("Above Air"
. "This is the first purchase of its kind for Enviro-Serv and a huge milestone for the company," stated Chris Trina, CEO of Enviro-Serv, Inc. "We've been pushing hard for a long time as many shareholders are aware and this being our first transaction of the New Year is a big step for the Company. Final negotiations are ongoing on numerous items pertaining to the definitive purchase agreement being agreed upon but we are extremely confident in our ability to reach this milestone in fairly short order. Above Air A/C ended 2015 with approximately 1.5 million dollars in revenue and was net profitable. They have grown around 10% annually over the last 3 years and service over 1000 clients. Mr. Chris Marino, founder and President of Above Air has committed to staying onboard for approximately 1-2 years for transitioning which makes this opportunity that much more enticing. He's a true winner and a welcome addition to our team."
Above Air has over 20 years of professional HVAC service focused on residential and light commercial service, replacement, and Preventative Maintenance. Serving all of Broward County as well as Palm Beach County north to Wellington, Above Air boasts a customer base of thousands of homes that use its services each year. The company has a full time workforce made up of installers, salespeople, support teams, supervisors, dispatchers, and clerical workers. Over the last 3 consecutive years (2013, 2014, & 2015) Above Air has also earned the Carrier Presidents award for excellence in customer satisfaction and exceeding expectations as a Carrier dealer.
President and founder of Above Air A/C Mr. Chris Marino stated, "I'm excited and optimistic about our negotiations with Enviro-Serv, Inc. to acquire our organization. For Enviro-Serv shareholders we bring a rock solid client base that has been developed and maintained for over 20 years. For Above Air A/C we're excited about the growth that we expect to see through the joint efforts of our new partnership. I look forward to seeing our staff become invigorated with the benefit that comes with a larger and dynamically growing publicly traded organization such as Enviro-Serv. I can say unequivocally my major interest in partnering up with Enviro-Serv is two-fold; 1. I think Mr. Trina is a talented and motivated CEO who will help grow Above Air to new record revenues and profits and 2. I strongly believe in the Pestmaster Services business model and what's going on in Tampa Bay whereby the combined revenues and profits of these two subsidiaries should command a strong increase in stock valuation in my opinion."
Marino concluded, "Above Air is a 3 time Carrier "President's Award" winning Air Conditioning contractor. We are expected to receive notice of our 4th "President's Award" in the first quarter of 2016. The Carrier President's award is only awarded to a very select and elite portion of contractors who have risen to the top of Carrier's factory authorized dealers. This award indicates that Carrier has thoroughly vetted the contractor's business practices, customer satisfaction, product sales, and growth from year to year. I am eager to finalize the contract terms of the definitive purchase agreement and have full and complete faith that Mr. Trina is the right man to get this deal completed."
Current and prospective shareholders are also reminded that Enviro-Serv will be hosting its first conference call later this afternoon at 4:15PM EST via the following call-in information below:
Dial-In Number: 641-715-3580
Access Code: 721-853
Enviro-Serve has extended the window for submitting questions to management. Current and prospective shareholders have an opportunity to submit questions for reply on the conference call to the following email address: CTrina@enviro-serv.com. These will be accepted until 2PM EDT today.
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (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.pestmaster.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.
813-708-9910
SOURCE: Enviro-Serv, Inc.
© © 1998 - 2016 Baystreet.ca Media Corp. All rights reserved.
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