General Environmental Management Announces Completion of Acquisition of Santa Clara Waste Water

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB:GEVI) announced today 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. Since its inception, SCWW has treated more than 2 billion gallons of waste water and is in 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 425,000 shares of GEM's common stock. The notes bear interest at 6.5 percent per annum. Two of the Notes, totaling $3,778,000, are convertible into a total of 15% of ...
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General Environmental Management Announces LOI with Cake Energy - The Heinz Family Has Invested into This Technology...

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced that it has signed a Letter of Intent (LOI) with Cake Energy, LLC, a privately held waste-to-energy technology company, to build and operate leading-edge waste-to-energy (WTE) facilities in the Western United States. “We are excited to announce this LOI for the proposed joint venture with Cake Energy,” said GEM CEO Tim Koziol. “As previously announced, GEM has committed to entering the WTE market and we could not have found a better partner than Cake Energy. Their technology is truly unique and revolutionary in dealing with the growing problem of managing primary sewage waste, also known as sludge. A single Cake WTE plant can process up to 120 tons a day of sludge. Their process dries and atomizes wet slu...
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General Environmental Management Announces Letter of Intent with Cake Energy, LLC to Create Joint Venture to Build and Operate Leading-Edge Waste-to-Energy Facilities in Western United States

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced that it has signed a Letter of Intent (LOI) with Cake Energy, LLC, a privately held waste-to-energy technology company, to build and operate leading-edge waste-to-energy (WTE) facilities in the western United States. “We are excited to announce this LOI for the proposed joint venture with Cake Energy,” said GEM CEO Tim Koziol. “As previously announced, GEM has committed to entering the WTE market and we could not have found a better partner than Cake Energy. Their technology is truly unique and revolutionary in dealing with the growing problem of managing primary sewage waste, also known as sludge. A single Cake WTE plant can process up to 120 tons a day of sludge. Their process dries and atomizes wet slu...
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General Environmental Management Announces Date of Third Quarter Earnings Call

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced that it will conduct its first ever earnings conference call on Monday, November 16, 2009 at 4:30 EST or 1:30 PST. The call will be hosted by GEM’s management team including CEO Tim Koziol, CFO Brett Clark and President Bill Mitzel. After prepared remarks and presentation of the operating results, the call will be open to questions and answers. ...
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General Environmental Management Announces Date of Third Quarter Earnings Conference Call

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced that it will conduct its first-ever earnings conference call on Monday, November 16, 2009, at 4:30 EST or 1:30 PST. The call will be hosted by GEM’s management team, including CEO Tim Koziol, CFO Brett Clark and President Bill Mitzel. After prepared remarks and presentation of the operating results, the call will be open to questions and answers. ...
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General Environmental Management Retains General Pacific Partners to Focus on Future Waste Water Acquisition Opportunities

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) today announced that it has retained General Pacific Partners (GPP), a financial advisory firm, to explore and assist in the evaluation of wastewater business acquisition opportunities in California and the Western United States. “We are pleased to have retained GPP to focus on acquisition opportunities that can be integrated into GEM’s wastewater business strategy," said GEM CEO Tim Koziol. “We expect to close the previously announced SCWW transaction by November 1, 2009 as part of GEM’s overall strategy to shift the focus of the business from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. GPP has been a long time financial sponsor of GEM and has the know...
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General Environmental Management Reports Progress on Plan to Expand to Water Treatment and Waste-to-Energy Markets

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) today provides an update on the progress made since its Board of Directors elected to shift the Company’s business focus from hazardous waste field services to the fast-growing water treatment and waste-to-energy markets. “We are pleased to report that we have made tremendous progress in the execution of our plan to move the company into the water treatment and waste-to-energy markets,” said Tim Koziol, GEM’s Chief Executive Officer. “As we announced last week, we swiftly moved to sign a binding letter of intent to acquire Santa Clara Waste Water (SCWW). We are conducting final due diligence and plan on closing this transaction on or before November 1, 2009. SCWW will be the cornerstone of our water treatment business. With this profitable business and the addition of GEM’s sales...
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General Environmental Management Signs Letter of Intent to Acquire Santa Clara Waste Water

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (GEM) (OTCBB: GEVI) announced today that it has signed a definitive letter of intent to acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. As one of the top 100 privately owned non-hazardous wastewater utilities in the U.S., SCWW has treated more than 2 billion gallons of wastewater. “We are thrilled to have come to an agreement to acquire SCWW and are eager to work with them to achieve their goal of becoming the premier independent non-hazardous wastewater management company; first in California, then the western region and eventually in the United States,” said Tim Koziol, GEM Chief Executive Officer. “We are acquiring not only a long time successful company with a great track record and valuable assets, but are partnering with one of the finest management teams in the environmental management business led by SCWW CEO, Doug Edwards. Doug and his team have set the standard for wastewater management. Their facility situated on five acres of strategically located land in Santa Clara Valley, along with their unique and invaluable 12.7 mile pipeline from their facility to the City of Oxnard’s water reclamation cent...
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GENERAL ENVIRONMENTAL MANAGEMENT, INC Financials

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General Environmental Management Elects to Shift Focus to Water Treatment and Waste-to-Energy Markets

POMONA, Calif.--(BUSINESS WIRE)--General Environmental Management, Inc. (OTCBB:GEVI) announced today that the Board of Directors has elected to shift its business focus from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. “After lengthy review and analysis of GEM’s opportunity in the environmental management business, the board has elected to adopt management’s recommendation that we move our focus to water treatment and waste-to-energy markets,” said Tim Koziol, GEM’s Chief Executive Officer. “While we believe that we could work through the current economic downturn and build revenue in our field services business, we believe that shareholders will be rewarded by moving the company into higher margin, faster growing business segments; especially the water treatment and waste-to-energy markets.”“A few weeks back we announced the sale of GEM MTS and in the process, improved our balance sheet,” Mr. Koziol continued. “Our management team will be providing additional details in the near future about further changes to the current business structure that will help create a platform for GEM to enter these new markets. Water treatment and waste-t...
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