News Feed Item

Enviro-Serv Inc. Announces Shareholder Update Letter

TAMPA, FL -- (Marketwired) -- 04/21/14 -- Enviro-Serv Inc. (OTC Pink: EVSV) (PINKSHEETS: EVSV) Enviro-Serv Inc. (ESI) is pleased to announce its second shareholder update letter from Chairman and CEO Chris Trina.

Dear Enviro-Serv Shareholders,

I'd like to begin by offering a personal sincere thank you to each and every shareholder of EVSV and also on behalf of our entire management team say how greatly appreciative we are in your unwavering support during the last year. We have indeed had a couple of setbacks since inception one year ago and as your CEO sincerely apologize, however, as I write this letter I have never been so excited about the execution of our business plan moving forward. The format in which I will convey these corporate updates is as follows; corporate makeover and structure, current potential subsidiaries, financial Statements, management structure and corporate goals to include funding.

Corporate Makeover and Structure:
Last April 23rd we announced the new beginning of Enviro-Serv Inc. Not only did our corporate name change formally that day but our stock began trading under our new symbol EVSV as well. As of today we have nearly one thousand stock holders with their stock held at approximately forty different broker dealers and banks. We currently have 1,209,718,800 issued and outstanding shares against a 2,950,000,000 authorized. EVSV current float equals 627,192,291 shares. The increase in float is 100% directly attributable to past funding under rule 504. EVSV currently has 7 active markets that trade our stock daily. Since the beginning of 2014 EVSV stock has traded total volume in excess of 1.7 billion shares with 1 billion of those shares traded this April alone. EVSV stock also traded in excess of one million dollars in trading volume in the past few weeks. Our stock is clearly on the "radar" of many investors, traders and brokerages with recent volume exceeding one and half times our current float in just the past 20 days. 451 million shares of our current outstanding total shares is personal stock of mine which came from converting non-collateralized preferred class A shares three weeks ago. The remaining preferred and common stock owned by me personally is presently being held in escrow as collateral to a lender. The Board of Directors and I represent the largest stake in EVSV totaling 26% of authorized shares. This stock is restricted rule 144 stock that is not registered for sale. Management is not considering a reverse stock split or capital restructuring at this time. Management is considering increasing the authorized share amount to make room for the necessary capital funding needs of the company over the next 18 months. As of today's date I am unaware of any shareholders or insiders registering EVSV for sale.

Current Subsidiary progress:
Since inception EVSV successfully acquired X-Terminate Pest Management which continues to be a huge bright spot. X-Terminate, Inc. has hit the termite season running coming off the best April start in the company's 5 year history. We are still active in discussions with Inland Pest Control and believe this acquisition will happen by the end of this summer. Our biggest and greatest achievement to date however is the most recently announced binding letter of intent to acquire an established one million dollar revenue pest control company. As previously announced, due diligence has commenced and things are looking very bright thus far. We have secured the necessary first tranche funding of $42,500 needed by May 7th, 2014 to secure this deal. Formal definitive purchase agreements are currently being worked on so to be timely by the above May 7th deadline date. Interestingly the recent heavy volume in our stock and our ability to raise capital successfully over the last 8 months has piqued the interest of a few potential new and at least one former candidate for acquisition.

Financial Statements:
We are current and up to date and fully reporting in our pink sheet filings. We recently posted 2013 financials and our disclosure statement. We will be posting our Q1 2014 financials by May 19th. Management will continue to work diligently at reduction of debt and balance sheet clean up which will help with potential future funding and bringing in new investors. It is our goal to show the financials of our recently announced potential acquisition by Q4 of this year. It is management's belief that should the current acquisition target close in a timely manner it would be in the shareholder's best interest in taking the necessary steps to uplift EVSV stock to the OTC Bulletin Board in 2015.

Management Structure:
We recently announced the hiring of Mr. Gary Cole as our new V.P. of Business Development-Pest Control. He is extremely qualified for this position and has hit the ground running over the past couple months. Mr. Cole is the first of a couple upcoming hiring's to bolster our executive team and to build a world class management team. Mr. Cole has been instrumental in the due diligence process underway currently in our most recently announced target and in keeping the Inland acquisition alive as well. Mr. Cole will act as our Certified Pest Operator in charge on a full-time basis in the event we close this current acquisition. In addition to the executive team we remain in the process of interviewing key Strategic Advisors to assist in finding future target acquisitions. Lastly, I am interviewing additional financial board members to bolster our executive Board of Directors as well.

Corporate Goals and Funding:
We strive to remain very active in our hunt for qualified potential subsidiary acquisitions. Management's number one goal and priority today however is to fund and finalize our most recently announced acquisition. Under rule 504 we have raised capital in excess of $220,000 thus far which includes the necessary $42,500 escrowed for our first deposit due May 7th. In the amount stated above EVSV has utilized a bridge loan and convertible promissory note totaling $40,000 which was collateralized by personal stock. EVSV will raise capital through a variety of methods such as convertible notes, debt, straight equity or hybrid type investments. It is always management's goal to protect our shareholders in our financings and keep dilution down to absolute minimums where possible. I can't stress this point enough however that without necessary funding companies this size simply cannot exist or grow! Shareholders should embrace as I do the phenomenal value of our current acquisition and truly grasp how strong and profitable EVSV will become post acquisition. This single transaction will surely increase overall shareholder valuation and price per share even with potential future dilution. Our mission last year was to raise a million dollars under rule 504 which has yet to be achieved however with recent positive news and high volume there has been vast interest from the investment community to fund our needs going forward. We have secured but not yet accepted an investment agreement from a NY based accredited investment group to fund our company under Regulation-A up to $1.5 million dollars over the next 18 months which is being seriously considered at this time. This same group has promised to continue investing into EVSV under rule 504 should we stay the course with this structure. This investment group has successfully invested into our company the above stated amount of $220,000 and because of our past relationship and their belief in our acquisition strategies puts EVSV in a position to seriously consider and complete a cash acquisition of this size. This "best efforts" agreement if accepted represents more than enough cash to finalize our current target and one other yet to be announced target and beyond. We have great interest from numerous Tampa Bay companies that fit our business model who are anxious to sit down and discuss the benefits of partnering with ESI. We are extremely excited to move forward on our business plan and add shareholder value in 2014. We ask for trust and patience from our shareholder's as we work diligently in attaining our short term goals.

Again, thanks very much for your support of Enviro-Serv Inc. We truly appreciate our shareholders.


Christoph A. Trina
Chairman and CEO, ESI

About Enviro-Serv, Inc.
Enviro-Serv, Inc. (OTC Pink: EVSV) (PINKSHEETS: 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.

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 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.

Enviro-Serv, Inc.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.