Recent Relevant Updates/PRs ......
OS as of 6/23/16 107M; Float 99M
June 3rd:Service Team Inc. Reports Record Record Sales [Accesswire]http://finance.yahoo.com/news/team-inc-reports-record-sales-110000918.html
VILLA PARK, CA / ACCESSWIRE / June 3, 2016 / Robert L. Cashman, President of Service Team Inc. (SVTE) announced that Service Team Inc. is continuing its practice of reporting positive results for the three month period ending May 31, 2016. Service Team Inc. has reported a steady growth in sales every Quarter since acquiring Trade Leasing Inc. dba Delta Stag Mfg in June 2013. This Quarter makes the 13th successive Quarter with an increase in sales every Quarter.
For the Quarter ending May 31, 2016 the company is reporting sales of $800,216, compared to the prior Quarter of $709,520. The same Quarter last year had sales of $625,837.
Overall performance for the nine months year to date totaled sales of $2,372,448 compared to the nine month period of the prior year of $1,876,415 or, an increase of Twenty-six percent (26%).
The company has now expensed all of the moving costs and has maintained break even or better profitability during this period.
Mr. Cashman further stated: "This phenomenal growth is attributed to an outstanding team of dedicated employees. We look forward to continued growth and profitability in the future."
May 27th: Service Team's Growth Continues
http://finance.yahoo.com/news/teams-growth-co...00143.html
VILLA PARK, CA / ACCESSWIRE / May 27, 2016 / Robert Cashman President of Service Team, Inc. (OTC: SVTE) announced today that, "Moving to the new location Fullerton California has enabled Service Team, Inc. to in increase its production of both dry freight and refrigerated bodies. The company's work in process has doubled since our move to the new facility."
"We have a work load of more than 60 vehicles at our location at this time. Recently we entered into an agreement with a local truck dealer to supply over 60 vans in the next 120 days. This order is in addition to our normal production of one per day."
"We have already started the production of the 60 units and will continue to complete the vans as they are received from the Ford assembly plant."
For more information, review MCV Companies, Inc.'s web site at: www.mcvcompanies.com and Service Team Inc.'s (dba Delta Stag) web site at: www.deltastag.net.
About Service Team Inc.: Service Team Inc. is a fully reporting public company with its stock listed on the OTCPINK using the symbol SVTE. The Company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth of more than thirty percent (30%) per year.
May 23, 2016:Agreement to acquire MCV Companies
http://finance.yahoo.com/news/team-inc-announ...00902.html
VILLA PARK, CA / ACCESSWIRE / May 23, 2016 / Robert L. Cashman, President of Service Team Inc. (SVTE), announced today that Service Team Inc. has entered into an Agreement to acquire MCV Companies, Inc. It is expected that the necessary steps to complete the acquisition will be finished in the next 30 days.
MCV Companies, Inc. is a full service general contractor with revenue in excess of $2,000,000 in the year 2015. The Company builds room additions, remodels, landscaping and custom home designs. MCV Companies, Inc. has a staff of experienced professional builders to complete quality projects.
Virgil Enriquez, President of MCV Companies, Inc. stated: "I'm excited about being associated with Service Team Inc. This relationship will enable MCV Companies, Inc. to expand its market. The Company anticipates significant growth over the next several years."
Service Team Inc. located at 1818 Rosslynn Avenue, Fullerton, California, will provide additional information on the acquisition of MCV Companies, Inc. when it is completed in June of 2016.
For more information, review MCV Companies, Inc.'s web site at: www.mcvcompanies.com and Service Team Inc.'s (dba Delta Stag) web site at: www.deltastag.net.
SUMMARY TO BUSINESS EXPANSION
SVTE will own two branches:
1) MCV Companies, a full service general contractor with annual revenue in excess of $2,000,000 (2015). The Company builds room additions, remodels, landscaping and custom home designs. MCV Companies, Inc. has a staff of experienced professional builders to complete quality projects.
2) Delta Stag with annual revenue in excess of $2,600,000 (2015) also maintaining a sustained growth of more than thirty percent (30%) per year. The Company is a manufacturer of commercial truck bodies/truck parts and offers custom modifications such as Refrigerated Truck Body; Dry Freight Cargo Body; Furniture Body; Refrigerated Cargo Van; Stake & Flat Beds; Refrigerated Cargo Trailers.
Its a true "SERVICE TEAM" now covering large parts of the Southern California area.
OS as of 6/23/16 107M; Float 99M
June 3rd:Service Team Inc. Reports Record Record Sales [Accesswire]http://finance.yahoo.com/news/team-inc-reports-record-sales-110000918.html
VILLA PARK, CA / ACCESSWIRE / June 3, 2016 / Robert L. Cashman, President of Service Team Inc. (SVTE) announced that Service Team Inc. is continuing its practice of reporting positive results for the three month period ending May 31, 2016. Service Team Inc. has reported a steady growth in sales every Quarter since acquiring Trade Leasing Inc. dba Delta Stag Mfg in June 2013. This Quarter makes the 13th successive Quarter with an increase in sales every Quarter.
For the Quarter ending May 31, 2016 the company is reporting sales of $800,216, compared to the prior Quarter of $709,520. The same Quarter last year had sales of $625,837.
Overall performance for the nine months year to date totaled sales of $2,372,448 compared to the nine month period of the prior year of $1,876,415 or, an increase of Twenty-six percent (26%).
The company has now expensed all of the moving costs and has maintained break even or better profitability during this period.
Mr. Cashman further stated: "This phenomenal growth is attributed to an outstanding team of dedicated employees. We look forward to continued growth and profitability in the future."
May 27th: Service Team's Growth Continues
http://finance.yahoo.com/news/teams-growth-co...00143.html
VILLA PARK, CA / ACCESSWIRE / May 27, 2016 / Robert Cashman President of Service Team, Inc. (OTC: SVTE) announced today that, "Moving to the new location Fullerton California has enabled Service Team, Inc. to in increase its production of both dry freight and refrigerated bodies. The company's work in process has doubled since our move to the new facility."
"We have a work load of more than 60 vehicles at our location at this time. Recently we entered into an agreement with a local truck dealer to supply over 60 vans in the next 120 days. This order is in addition to our normal production of one per day."
"We have already started the production of the 60 units and will continue to complete the vans as they are received from the Ford assembly plant."
For more information, review MCV Companies, Inc.'s web site at: www.mcvcompanies.com and Service Team Inc.'s (dba Delta Stag) web site at: www.deltastag.net.
About Service Team Inc.: Service Team Inc. is a fully reporting public company with its stock listed on the OTCPINK using the symbol SVTE. The Company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth of more than thirty percent (30%) per year.
May 23, 2016:Agreement to acquire MCV Companies
http://finance.yahoo.com/news/team-inc-announ...00902.html
VILLA PARK, CA / ACCESSWIRE / May 23, 2016 / Robert L. Cashman, President of Service Team Inc. (SVTE), announced today that Service Team Inc. has entered into an Agreement to acquire MCV Companies, Inc. It is expected that the necessary steps to complete the acquisition will be finished in the next 30 days.
MCV Companies, Inc. is a full service general contractor with revenue in excess of $2,000,000 in the year 2015. The Company builds room additions, remodels, landscaping and custom home designs. MCV Companies, Inc. has a staff of experienced professional builders to complete quality projects.
Virgil Enriquez, President of MCV Companies, Inc. stated: "I'm excited about being associated with Service Team Inc. This relationship will enable MCV Companies, Inc. to expand its market. The Company anticipates significant growth over the next several years."
Service Team Inc. located at 1818 Rosslynn Avenue, Fullerton, California, will provide additional information on the acquisition of MCV Companies, Inc. when it is completed in June of 2016.
For more information, review MCV Companies, Inc.'s web site at: www.mcvcompanies.com and Service Team Inc.'s (dba Delta Stag) web site at: www.deltastag.net.
SUMMARY TO BUSINESS EXPANSION
SVTE will own two branches:
1) MCV Companies, a full service general contractor with annual revenue in excess of $2,000,000 (2015). The Company builds room additions, remodels, landscaping and custom home designs. MCV Companies, Inc. has a staff of experienced professional builders to complete quality projects.
2) Delta Stag with annual revenue in excess of $2,600,000 (2015) also maintaining a sustained growth of more than thirty percent (30%) per year. The Company is a manufacturer of commercial truck bodies/truck parts and offers custom modifications such as Refrigerated Truck Body; Dry Freight Cargo Body; Furniture Body; Refrigerated Cargo Van; Stake & Flat Beds; Refrigerated Cargo Trailers.
Its a true "SERVICE TEAM" now covering large parts of the Southern California area.
