|By Marketwired .||
|April 21, 2014 07:15 AM EDT||
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.
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.
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.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
Feb. 28, 2017 06:00 AM EST Reads: 2,373
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Feb. 28, 2017 06:00 AM EST Reads: 3,172
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Feb. 28, 2017 06:00 AM EST
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Feb. 28, 2017 05:45 AM EST
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 28, 2017 05:45 AM EST Reads: 2,328
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Feb. 28, 2017 05:15 AM EST Reads: 154
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 28, 2017 04:45 AM EST Reads: 4,445
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said "No to LUNs." With Tintri they manage only virtual machines, in a fraction of the footprint and at far lower cost than conventional storage. Tintri offers the choice of all-flash or hybrid-flash platform, converged or stand-alone structure and any hypervisor. Rather than obsess with storage, leaders focus on the business app...
Feb. 28, 2017 04:15 AM EST Reads: 874
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Feb. 28, 2017 03:45 AM EST Reads: 2,623
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 28, 2017 02:45 AM EST Reads: 14,012
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Feb. 28, 2017 02:30 AM EST Reads: 1,883
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Feb. 28, 2017 02:15 AM EST Reads: 5,122
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 28, 2017 02:15 AM EST Reads: 814
Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infrastructure through automation. Ayehu solutions have been deployed by major enterprises worldwide, and currently, support thousands of IT processes across the globe. The company has offices in New York, California, and Isr...
Feb. 28, 2017 02:15 AM EST Reads: 890
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 28, 2017 02:15 AM EST Reads: 7,150