General Environmental Management Inc. ( GEVI ) is an integrated environmental service firm that provides field services, remediation, transportation, EHS compliance services, on-site technical services and off-site treatment. The company enables enterprises in the Western United States to meet regulatory requirements for the disposal of hazardous and non-hazardous wastes.
GEM currently operates eight field service locations and one treatment, storage, disposal facility (TSDF) servicing all markets in the Western United States. The company’s clients include utility, chemical, petroleum, petrochemical, pharmaceutical, transportation, and industrial firms, as well as educational institutions, environmental service companies, and government agencies.
The company’s integrated environmental services are all monitored and managed through its enterprise software, GEMWare, for the tracking of all activities from the managing, handling, packaging, and transportation of waste to final recycling, treatment or disposal. GEMWare allows customers to monitor remote waste activities from one location, and has been specifically beneficial for the environmental manager responsible for multiple sites.
GEM’s primary focus is on finding a reuse or recycle option for their clients to reduce the amount of waste in our environment. The company utilizes the best innovations, technology, facilities, logistics, personnel and information systems to offer unrivaled environmental services, while helping clients determine the most appropriate, compliant, and cost effective means for disposing various types of waste.
General Environmental Management, Inc. (GEVI.OB) Has a Strong Leadership Team
General Environmental Management Inc. is a fully integrated environmental services company which provides EHS compliance services, transportation, remediation, on-site technical services and off-site treatment services. The company manages wastes, both hazardous and non-hazardous, for a wide variety of private and public entities.
The company has a leadership team that has many years of experience in a variety of industries. Here is a brief overview of the seven members of General Environmental’s leadership team:
Timothy J. Koziol – CEO and Chairman
Mr. Koziol was very instrumental in the turnaround of the predecessor company to General Environmental, Hazpak Environmental Services. Mr. Koziol has a large amount of experience in the financial industry as a principal at both Fortress Funding and Global Vantage. He also managed a marketing consulting firm.
Bill Mitzel – COO and President
Mr. Mitzel has over 25 years experience in the environmental management business. His most recent experience comes from Teris, where he served as vice president of operations and sales for 13 western states. Prior to Teris, Mr. Mitzel was with Romic Environmental Technologies, as president and chairman of the board. Mr. Mitzel founded Safari Environmental Management which he subsequently sold to US Liquids. He also held various management positions with Rollins Environmental and Chemical Waste Management.
Brett Clark – CFO and Executive Vice President of Finance
Mr. Clark has held the title of CFO for several firms – Dayrunner, Tru Circle, Adams Rite Aerospace and Chapman University. He also held controller positions at Fleetwood Enterprises and Aircal. Additionally, Mr. Clark has worked for the accounting firm, Deloitte & Touche.
Mr. Rhodes has been in the environmental industry for more than 15 years. Mr. Rhodes was president of the predecessor firm – Hazpak Environmental. Prior to that position, he was the hazardous waste program manager for the Metropolitan Water District of Southern California.
John Beale – Chief Sales and Marketing Officer, Executive VP – Sales and Marketing
Mr. Beale brings more than 20 years of sales and marketing experience to the company, specific to the environmental services industry. He was responsible for revenue generation for a number of environmental firms of all sizes and brings a keen insight to environmental marketplace.
Paul Anderson – Vice President, Treatment Solutions
Mr. Anderson has been involved with establishing and managing nationwide mobile tank degassing, vapor control, and wastewater treatment activities for over 15 years. He is considered to be an industry expert in the field. Mr. Anderson founded K2M Mobile Treatment Services, where he managed all aspects of the mobile wastewater treatment and vapor control business for over 12 years before his company was taken over by General Environmental.
Namki Yi – Vice President, Envirosolutions
Mr. Yi was president of Romic Environmental Technologies. He offers over 18 years of hazardous waste management experience to the company. Mr. Yi has had prior experience working at Rollins Environmental, Onyx Environmental, Foss Environmental Services, and Safety-Kleen.
Island Environmental Acquisition Works Well for General Environmental Management Inc. (GEVI.OB)
General Environmental Management Inc. is a fully integrated environmental and waste services company that provides on-site technical services, off-site treatment services, remediation services, and regulatory compliance services. The company offers their suite of services to a wide variety of sectors including government entities, educational institutions and commercial and industrial clients.
General Environmental completed the acquisition of Island Environmental Service Inc., a company which generated $7.7 million in revenue for 2007, in September 2008. Island Environmental is a California-based environmental transporter, which now supports General Environmental’s continued growth throughout the western United States.
The two companies share a common sense approach to customer service and many years of combined experience in the industry. With the addition of Island Environmental, General Environmental has broadened their service capabilities even further which helps them expand their customer base. These added capabilities include Island Environmental’s core competencies in logistics, bulk movement of waste, and storm water management services.
Chairman and CEO of General Environmental, Tim Koziol, emphasized the importance of the acquisition and stated “The company’s acquisition of Island Environmental Services was a key acquisition for the company, providing assets and an entry into certain customer bases that we had previously not serviced. We have successfully acquired, integrated and driven organic growth with all of our acquisitions and expect to the same with Island Environmental Services.”
General Environmental Management, Inc. (GEVI.OB): A Lot of Garbage
They say that you never really appreciate something until it’s gone. When it comes to garbage pickup, could anything be more true? Take labor strikes for example. It’s not unusual for a labor strike to last for months, sometimes longer. Brown & Sharpe Manufacturing, part of Hexagon AB, supposedly holds the American record, with a strike lasting over 10 years. Now think to yourself, what’s the longest you’ve ever heard of a garbage strike lasting? The City of Toronto recently settled an especially lengthy garbage strike. Garbage piled up on the streets all over town, forcing the city to turn parks and arenas into temporary mass dumps. Eventually summer camps, libraries, and even swimming pools were shut down, as citizens tried to deal with the stench and potential health threats. The situation finally became unbearable, and a settlement was worked out. The entire episode lasted a grand total of only 36 days. Garbage strikes never last very long.
The moral is clear: garbage is a big deal. People can go a long time without the fruits of this or that industry, but they’ve got to have something for their garbage. And the volumes we’re talking about are indeed staggering. Each year, according to the Environmental Protection Agency, America alone produces enough garbage to cover the state of Texas two and a half times (if you’d like to know, that’s a total of over ½ million square miles). It turns out that much of that garbage is simply paper packaging material, much of which can be recycled, and the move is on in communities all over the country to do just that.
Of course, whether it’s land-filled or recycled, someone has to be there to pick it up, haul it away, treat it (both hazardous and non-hazardous), and ultimately dispose of it. And that’s where the waste handling industry comes in, all those people that you don’t ever want to go on strike. These days the handling of waste goes far beyond two guys in a truck. According to First Research (a division of Hoover’s Inc.), the private waste management industry in the U.S. includes 15,000 companies, with total revenues of $80 billion, and it covers an increasingly complex mixture of chemical and biological waste products along with all those cardboard boxes and tin cans. In addition to physical pickup and processing, associated industries are developing, dedicated to things like specialized site cleanup, and environmental consulting and engineering.
Publicly traded waste processing companies include the following:
• American Ecology Corporation (NASDAQ: ECOL), through its subsidiary US Ecology, serves industrial, medical, academic, and government clients across the country. Its focus is hazardous, toxic, and radioactive waste, with major processing sites in Nevada, Idaho, and Texas.
• Ecology & Environment, Inc. (NASDAQ: EEI) is a major environmental consulting, testing, and design firm, with offices throughout the U.S. and the world.
• BWI Holdings (OTCBB: BWIH), out of Canada, is a growing full service waste handling and recycling company dealing in solid and liquid waste, water hauling, and septic services for commercial, industrial, and residential clients.
As in many industries, technology is beginning to change things. General Environmental Management, Inc. (OTCBB: GEVI) is a unique waste management and environmental services provider that offers an innovative Web-based enterprise software system for designing customized waste management and transportation solutions. The system, called GEMWare, provides on-site waste treatment system management, and is now the industry’s leading information management system. Among other things, the company intends to use its proprietary software technologies to ease the integration of its own acquisitions. Its technology-based growth strategy is aimed at what it sees as a huge and ever growing market worth billions. I guess you could say that’s a lot of garbage.
General Environmental Management, Inc. (GEVI.OB) Expands Facilities
General Environmental Management Inc., a leading environmental and waste remediation company based in California, recently announced the opening of a new service location in Benicia, California for its Mobile Treatment Services division. GEM Mobile Treatment Services (GEM-MTS) operates a nationwide fleet of transportable treatment units for industrial and petroleum wastewater, contaminated groundwater, and wastewater solids. It also provides degassing and vapor control services using thermal oxidizer technologies.
The company pointed out that MTS has saved its clients millions of dollars, while helping to limit their long-term environmental liabilities. In addition, the MTS division was recently recognized by BP US Pipelines & Logistics (BP) as a recipient of BP’s 2008 Contractor Safety Award. The award recognizes contractors who perform over 5,000 hours without a safety incident.
The new service facility for GEM-MTS is located in the heart of Northern California’s petro-chemical industrial corridor, and will allow GEM-MTS to better serve its clients in this growing market segment, ensuring that the company maintains its high service standards.
Concurrent to the opening of the new office, GEM MTS has hired Lee Barnes as Regional Business Development Manager. Lee has been with GEM for over 6 years, providing technical environmental services to the industry for over 18 years.
Paul Anderson, VP of Treatment Solutions for GEM MTS, commented on the appointment. “We’re excited to bring Lee into the MTS organization. His experience will prove instrumental as we diversify our mobile treatment service line past vapor control and water treatment while expanding our geographical presence beyond the Bay Area.”
General Environmental Management is a full-service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare. Headquartered in Pomona, California, GEM operates 8 field service locations and 1 treatment, storage, disposal facility (TSDF), servicing all markets in the Western United States.
General Environmental Management Inc. (GEVI.OB) Leading the Waste Services Industry
General Environmental Management Inc. is a fully integrated environmental service company which provides field services, remediation, EHS compliance services, on-site technical services and off-site treatment services. The company believes it provides the best innovations, technology, facilities, logistics and information systems in the industry to give their customers an unsurpassed suite of environmental services.
The wastes that the company manages includes materials designated as “hazardous” and other “non-hazardous” subject to federal and state waste regulations. General Environmental Management assists clients from a number of sectors – government entities, commercial and industrial clients, educational institutions, and other environmental service providers in the western US – in meeting regulatory requirements for the disposal of these wastes. The company provides a full suite of services for these clients including: enviro-construction and engineering services, waste minimization, in-plant services, and waste transportation.
General Environmental is a proactive company that seeks creative solutions that avoid, rather than simply respond, to problems. For example, the company always attempts to find a reuse or recycle option for clients in order to reduce the burden of the disposal of waste on our environment. If no reuse, recycle, or treatment option is available, General Environmental will assist their clients in determining the most appropriate, compliant, and cost effective means for disposal.
The company again shows their innovativeness by leading the industry with its web-based suite of management tools that provide 24/7 access to the information clients need to better manage their waste. General Environmental’s range of environmental services can all be monitored, tracked and managed, by both the company and the client through its enterprise software – GEMWare. This software allows users to monitor all waste disposal activities along with any pertinent environmental regulatory compliance guidelines.
The waste disposal industry overall should continue to do well no matter how poorly the economy is doing as governmental environmental regulations do not disappear even in difficult economic times. As a leading innovator in the industry, General Environmental Management is well positioned to continue to flourish on others’ waste.
General Environmental Management, Inc. (GEVI.OB) Strategically Sells GEM MTS; Strengthens Balance Sheet
General Environmental Management, Inc., a leading environmental and waste remediation company, announced this morning that it has sold the stock of its GEM Mobile Treatment Services, Inc. (GEM MTS) unit to MTS Acquisition Company, Inc. According to the press release, GEM MTS will function independently with a seamless transitory period.
In exchange, GEM received promissory notes in the aggregate amount of $5.6 million, the assumption by GEM MTS of approximately $1.0 million of accounts payable as well as future royalties. In an effort to reduce liabilities and thus strengthen the balance sheet, the company has immediately assigned the consideration to CVC California, LLC, GEM’s senior secured lender.
Tim Koziol, CEO of General Environmental Management, stated, “By substantially reducing our requirement to service our debt, we have increased our ability to take advantage of other opportunities. The sale of GEM MTS will also allow us to concentrate our focus on extracting the greatest value from resources we employ in the current economic environment.”
Mr. Koziol added, “We are very pleased with the transaction that has taken place, as well as the sale price. Since our acquisition of GEM MTS in March of 2006, the unit has experienced tremendous growth under our leadership and we are very happy with the return on investment. However, as market dynamics change, we are adapting and will use our resources to best pursue GEM’s long-term goals.”
General Environmental Management, Inc. (GEVI.OB) is a Hidden Gem with Much Potential
General Environmental Management, Inc. (GEM) has been gaining national attention with their flagship product known as GEMWare, the company’s proprietary enterprise software. GEM is an integrated environmental service firm structured to provide field services, remediation, transportation, EHS compliance services, on-site technical services, and off-site treatment, all of which are managed by GEMWare.
GEM has become a household name in the Western United States with its recent success in assisting their clients, governmental entities, educational institutions and other environmental service providers in meeting and surpassing regulatory requirements for the disposal of hazardous and non-hazardous wastes.
GEM’s integrated environmental service offering is monitored and managed through its enterprise software, GEMWare, which allows clients and the company to track all activities from the managing, handling, packaging, and transportation of waste to final recycling, treatment or disposal. GEM operates five field service locations and one treatment, storage, disposal facility (TSDF) servicing all markets in the Western United States.
The wastes managed by GEM includes materials designated as “hazardous” and other “non-hazardous” materials which are subject to federal and state waste regulations with the primary goal to find a reuse or recycle option for clients to reduce the burden of the disposal of waste in the environment. GEM has a strong staff in place and a goal that not only makes them a friend of the environment, but an attractive option in the marketplace.
General Environmental Management, Inc. (GEVI.OB) Has a Quality Leadership Team in Place
General Environmental Management Inc. is a fully integrated environmental and waste services company that provides on-site technical services, off-site treatment services, transportation, remediation services and regulatory compliance services. The company offers this full range of services for a wide variety of public and private entities.
This up-and-coming company has a quality management team which is leading them into the future. Here is a brief look at the five members of General Environmental’s leadership team:
Timothy J. Koziol – Chairman and CEO
Mr. Koziol joined the company in January 2002 and was instrumental in turning around the predecessor company (Hazpak Environmental Services) to General Environmental. He also has a wealth of experience in the financial industry, as a principal at both Fortress Funding and Global Vantage. Prior to his work in the financial industry, Mr. Koziol managed a marketing consulting firm for national and regional clients.
Bill Metzel – President and COO
Mr. Metzel has over 25 years experience in the environmental management business. His most recent experience comes from Teris, where he served as vice-president of operations and sales for 13 western states. Prior to Teris, he was chairman and president of Romic Environmental Technologies. Mr. Mitzel was also the founder of Safari Environmental Management, which he later sold to US Liquids.
Brett Clark – CFO and Executive Vice-President, Finance
Mr. Clark joined the company in 2005. Prior to joining the company, he was CFO for Dayrunner Inc., a privately-held consumer products distribution company. Mr. Clark was also the CFO for several other companies – Tru Circle, Adams Rite Aerospace and Chapman University. In addition, he held controller positions at Aircal and Fleetwood Enterprises.
Clyde Rhodes – Chief Compliance Officer, Executive Vice-President – Compliance, Vice-President – Human Resources Development
Mr. Rhodes has been in the environmental industry for more than 15 years. He joined Hazpak Environmental Services in 2000 and was president of General Environmental’s predecessor company. Prior to that position, he was the hazardous waste program manager for the Metropolitan Water District of Southern California.
Namki Yi – Vice-President, EnviroSolutions
Mr. Yi was the president of Romic Environmental Technologies and offers over 18 years of hazardous waste management experience to the company. His prior management experience included stints at Onyx Environmental, Foss Environmental Services, Rollins Environmental and Safety-Kleen.
General Environmental Management, Inc. (GEVI.OB) – A Leader in Cleaning Brownfield Sites
General Environmental Management Inc. is an integrated environmental services firm which provides enviroconstruction services, transportation, on-site field services and off-site treatment for both hazardous and non-hazardous materials for a variety of public and private entities.
One of the sectors that General Environmental provides services is in the area of enviroconstruction and brownfield support services. The company can “recycle” brownfield properties with environmental liabilities and turn them into useful real estate assets again. Construction activities that are to be carried out in areas with contaminated soils or in areas with industrial facilities where hazardous materials were used are extremely tricky.
Working in such brownfield areas requires a unique blend of specialized construction experience. This includes comprehensive understanding of complex technical and regulatory requirements associated with hazardous waste management, treatment, transportation and disposal. It also requires a large amount of planning, training and monitoring to protect not only the workers but also the surrounding environment and community.
The licensed contractors at General Environmental do have the necessary blend of skills to accomplish very specialized enviroconstruction services. Some of the enviroconstruction services that General Environmental provides include: containment, removal and disposal of spilled hazardous material; repackaging, transportation and disposal of drummed wastes; decontamination, demolition and closure of industrial facilities; cleaning and removal of underground and aboveground storage tanks; and excavation, treatment and/or disposal of contaminated sludge, soil and concrete.
Once this work is done, the company’s proprietary web-based data management software (GEMWare) can provide clients and regulators detailed records of waste shipments and final disposition of hazardous materials.
General Environmental has a track record of successfully accomplishing difficult and very specialized enviroconstruction services. Examples of the company’s expertise include large-scale contaminated soil removal and barge transport projects in Alaska’s Aleutian Islands and the decontamination and demolition of a southern California locomotive chrome plating facility while protecting an adjacent elementary school and community from chromium exposure.
General Environmental Management, Inc. (GEVI.OB) Announces Launch of New Website
General Environmental Management, Inc. announced today after the closing bell that it has unveiled its completely redesigned website: www.GeneralEnvironmental.com. The web presence now boasts a new design and extensive service information, all of which have been designed to provide clients with greater accessibility to all the resources they need.
“GEM prides itself for delivering the most comprehensive, environmentally friendly waste solutions. The new site is designed to make the experience of prospective clients as well as current clients more satisfying and effective. Investors will also appreciate that the new website provides in-depth information on the company,” commented Tim Koziol, CEO of General Environmental Management.
The new website NOW features:
Complete, Detailed List of Services
Easy Access to GEMWare
Assortment of Tools for Clients’ Convenience
New Career Opportunities
Bios of Management Team
Business Code of Ethics
Audit Information
Integrity Policy
General Environmental Management, Inc. (GEVI.OB) Offers World-Class Training
General Environmental Management Inc., in addition to providing the many environmental and waste remediation services it is well known for, also offers companies something equally important. The company, through both onsite and online programs, provides extensive training in the many complexities and solutions relating to the handling and processing of waste, including critical aspects involved in dealing with hazardous waste materials.
To its own extensive information and training base, GEM adds qualified partners who specialize in Web-based distance learning, allowing training services to be delivered any place, any time, and at any level. Learning solutions can be both Internet and intranet based, maximizing efficiency and cost effectiveness. The result is the type of flexible and in-depth training that attracts, retains, and motivates employees. The goal is to allow employees to anticipate and respond to a full range of possible situations.
To this end, training includes content creation, production, customization, training delivery, administrative systems, enterprise integration, and consulting services. Courses currently include:
• Hazardous Waste Operations and Emergency Response (HAZWOPER)
• Hazardous Communications
• Hearing Conservation
• Blood Borne Pathogens
• Personal Protective Equipment
• Lockout/Tagout
• Laboratory Safety
• Confined Space Entry
• Awareness Training for Hazardous Materials Transportation (HM-181 and HM-126f)
• Fire Safety Overview
• Material Safety Data Sheets (MSDS)
• CPR/First-Aid
Well informed and prepared employees are key to avoiding costly and dangerous mistakes, with specialized training particularly important for employees facing potentially hazardous working conditions.
General Environmental Management, Inc. (GEVI.OB) Announces Strategic Decision to Shift Focus to Water Treatment and Waste-to-Energy Markets
General Environmental Management, Inc. was excited to announce 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,” stated 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 added. “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-to-energy are both multibillion dollar markets worldwide and provide much greater opportunities for growth and higher operating margins. Further our President and COO, industry veteran, Bill Mitzel, has the experience and insight to assess all potential opportunities and will move the company into the best strategic position to capture the highest reward for our shareholders.”
President and COO Bill Mitzel commented, “Over the coming weeks, we will be sharing with our shareholders a vision and an operating plan to enter these new environmental waste management businesses. We have a concise understanding of these opportunities and look forward to tapping into these very large markets. We are extremely happy that the board chose to narrow our focus on this particular market.”
Mr. Koziol concluded, “Domestically, the water industry is a $120 Billion market that is expected to grow at 6-7% over the next year. On a global basis, the industry size exceeds $400 billion annually and increasing with the demands of a growing world population. The industry is third in gross revenue behind both power generation and oil. The global waste-to-energy market is a $19.9 billion market with expected CAGR of 6.7% over the next five years. We believe these are markets that we can leverage our seasoned management skills to bring value to our stockholders. The entire team is motivated and excited in making this move.”
General Environmental Management Inc. (GEVI.OB) Aims to Minimize Water Pollution and Subsequent Environmental Damages with Advanced Waste Management Services
General Environmental Management Inc. recognizes the effects that pollutants from storm water runoffs and faulty water waste management have on the world’s streams, rivers and oceans. In an effort to reduce such pollution, the company provides special equipment, turn-key services, and BMP devices that capture storm water for reuse.
The company’s services include storm drain and pipe maintenance, inspection, traffic control, waste sampling, analysis and track, as well as numerous other services and equipment to minimize water pollution while maximizing reusable water supply.
Over the last four years, the company has conducted more than $10 million in services for four Caltrans Districts, resulting in the inspection, measuring and recording of 30,000 storm water catch basins; the removal of more than 10,000 tons of debris from more than 200 pump station separators; the removal of more than 15,000 tons of debris from culverts, channels and other structures; the removal of more than 20,000 feet of drainage pipes; as well as various other accomplishments.
All of the company’s projects and accomplishments are conducted for the efficient management and conservation water supply. According to the company, in 2008 the Environmental Protection Agency fined U.S. companies nearly $1.8 billion for failing to provide adequate means to properly manage and dispose of industrial waste. The damages to the environment itself are dramatic. The company aims to minimize waste and provide waste water treatment services to reduce these damages.
General Environmental Management has an extensive equipment portfolio, including vactor and jetter trucks, vacuum trucks, roll-off trucks and watering bins, end-dump trucks, traffic control equipment, emergency response vehicles and more.
General Environmental Management, Inc. (GEVI.OB) Announces Letter of Intent to Acquire Profitable Company
General Environmental Management, Inc. announced this morning that it has signed a definitive letter of intent to acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. Earning the reputation of being 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. During 2008, the company generated over $34.8 Million in revenues.
“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,” stated 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 center, gives GEM a corner stone to build a regional and then national presence in the water treatment market.”
“After getting to know GEM over that past few years, I am very excited to be uniting with their management team to build upon the success we have earned at SCWW,” commented Doug Edwards. “I have had a vision of growth for SCWW and am confident that by teaming with GEM, together we’ll be able to make that vision a reality. The wastewater treatment market is large and will continue to grow as demand for water treatment increases exponentially. With its key assets, experience, knowledge set and strategic plan, SCWW is uniquely positioned to become one of the foremost wastewater treatment companies in the U.S. In addition, we have a number of unique products and services in development that we can bring to market faster and with greater efficiency with the help of GEM’s talented management group.”
GEM Chief Financial Officer, Brett Clark, added, “SCWW has a very profitable business model. We are acquiring the company and all of its assets for approximately three times its trailing EBITDA, plus the assumption of long term debt secured by SCWW’s plant and equipment. SCWW’s revenues in 2008 were approximately $7.6 million. The transaction is very accretive to GEM and will be paid for with a combination of cash, debt, and stock over the next three years. Details of the transaction will be provided upon closing, which is expected to occur within the next 60 days.”
Tim Koziol also provided an update on GEM’s strategic plan, ”We will be focused on closing the SCWW transaction and continuing our research and development to strategically enter the waste-to-energy markets as discussed in last week’s news release. We will keep shareholders posted on all developments.”
General Environmental Management Inc. (GEVI.OB) Offers a Variety of EnviroConstruction Services
General Environmental Management Inc. is an integrated environmental services company which offers clients a variety of environmental and waste-related services. Among the services offered by the company are enviroconstruction and brownfield reclamation services.
The company has had great success in “recycling” brownfield sites and turning them back into useful real estate. General Environmental’s expertise is exemplified by the successful demolition of a Southern California locomotive chrome plating facility which was located near an elementary school and the large-scale contaminated soil removal and barge transport projects in the Aleutian Islands off Alaska.
The company’s experience in the enviroconstruction area is pertinent because undertaking any construction activities associated with contaminated soils, or industrial sites where hazardous materials were used, is very difficult from both a technical and regulatory standpoint. Any company doing such work must plan and monitor the work so they can protect their workers, the adjacent community and the environment.
General Environmental Management brings to the table a unique blend of specialized construction experience and comprehensive understanding of the complex technical and regulatory requirements associated with hazardous waste treatment and management, along with transportation and disposal.
Through the company’s creative project management, highly-trained workforce, in-house permitted storage and treatment capabilities, and relationships with a national network of hazardous waste recycle, treatment and disposal facilities, General Environmental Management can design and implement successful enviroconstruction projects that result in significant savings for their customers.
General Environmental Management, Inc. (GEVI.OB) Offers Clients Waste Minimization Strategies
General Environmental Management Inc. is an environmental and waste management services firm which provides a suite of services for their clients including: field services, remediation, transportation, EHS compliance services, on-site technical services and off-site treatment for both hazardous and non-hazardous materials.
General Environmental assists its clients, which include both public and private institutions, in meeting regulatory requirements for the disposal of wastes. An ongoing, primary focus of the company is to find a reuse or recycle option for clients to reduce the burden of the disposal of waste in our environment.
Another primary focus of the company is waste minimization. What exactly is waste minimization? Waste minimization is any activity that reduces the amount of hazardous material that permanently leaves the production process as waste.
General Environmental considers waste minimization and waste reuse to be the peak of the waste management service pyramid. The company believes reducing waste should be the first consideration in any waste management strategy.
The reasons for institutions to develop a waste minimization plan include:
• Lower costs and greater efficiencies.
• Reduced government scrutiny and intrusion through a reduction in self-reporting obligations.
• Improved community relations through a more positive public image.
• Enhanced employee morale by creating a more inviting and safe work environment.
Waste minimization may include in-plant recycling and improvement of plant operating procedures along with source reduction. Source reduction includes both actions that reduce the net amount of hazardous waste generated and action taken before waste is generated that lessen its hazardous properties. Common source reduction strategies include: materials substitution, product substitution and reformulation, and process or equipment change.
General Environmental Management, Inc. (GEVI.OB) Updates Investors on Progress to Enhance Business Strategy
This morning, General Environmental Management, Inc. updated the investment community with 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,” stated 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, marketing, operational and regulatory expertise, we believe that we can grow that business significantly in the coming years. In addition, we are actively pursuing two other complementary water treatment businesses that will give GEM even greater capacity to scale revenue.”
Mr. Koziol continued, “We believe that we have one of the best managed and operated field services companies in the country. This business has handled waste streams from some of the biggest companies in the country. We are focused on how to maximize the value of that business while we pave the way for GEM to build its high margin water treatment business and explore opportunities in the waste-to-energy technology market. Our management team has identified two outstanding waste-to-energy technologies that can turn today’s waste products into clean and efficient energy. We will be giving more details on these activities in the coming weeks.”
Mr. Koziol concluded, “Our strategy is very simple. First, maximize the value of our base field services business unit. Next, we will continue to reduce debt and improve the balance sheet. Finally, we will focus our attention on acquiring, licensing or partnering with water treatment and waste-to-energy companies to accelerate high margin revenue. We firmly believe that these strategic moves will best leverage our management team and create sustainable value for our shareholders.”
General Environmental Management, Inc. (GEVI.OB) Retains Financial Advisory Firm to Focus on Future Waste Water Acquisition Opportunities
General Environmental Management, Inc. this morning announced that it 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,” stated 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-how and resources necessary to find and conduct diligence on complimentary wastewater management companies that can help accelerate GEM’s move into the wastewater industry.”
“GPP was instrumental in developing the SCWW opportunity for GEM management and we are excited to have this expanded assignment,” commented GPP Managing Director Kevin O’Connell. “SCWW, with nearly $8 million in very profitable annual revenue, creates a strong platform for GEM to expand into this market. We believe, based on a preliminary study of the market opportunity, that through expanding the existing SCWW revenues and acquiring smaller wastewater operators, GEM can achieve 20% to 30% annual revenue growth in its wastewater business division for the next several years.”
“We will be very selective and calculated in our acquisition strategy,” added Koziol. “Focusing on profitable wastewater treatment companies, we will work to ensure that all transactions are accretive as demonstrated with the SCWW acquisition. GEM and SCWW have seasoned management teams that have the expertise and ability to scale waste management businesses and we are excited about the opportunities we see in the marketplace. Further, GPP is being retained for this project on a success fee basis so this adds no additional fixed costs to the company at this time.”
General Environmental Management, Inc. (GEVI.OB) Reports Progress on Plan to Expand Into Higher Margin Markets
Recently the board of directors of General Environmental Management Inc. decided to shift the company’s business focus from hazardous waste field services to the higher-margin and faster-growing water treatment and waste-to-energy markets, while also reducing the company’s debt.
General Environmental believes it has one of the best managed and operated field services businesses in the country. This business has handled waste streams from some of the biggest companies in the country. The company is now focused on how to maximize the value of that business while it builds its high margin water treatment business and explores opportunities in the waste-to-energy technology market.
The company is making rapid strides toward transforming their business. A few weeks ago, California-based General Environmental announced that it had signed a binding letter of intent to acquire Santa Clara Waste Water. The deal is expected to close on or before November 1, 2009.
The changes at General Environmental do not stop with that deal. In addition, the company is actively pursuing two other complimentary water treatment businesses that will give them even greater capacity to scale revenues. Finally, the management team has identified two outstanding waste-to-energy technologies that can turn today’s waste products into clean and efficient energy.
The CEO of General Environmental Management, Tim Koziol, summed up the company’s strategy nicely, “Our strategy is very simple. First, maximize the value of our base field services business unit. Next, we will continue to reduce debt and improve the balance sheet. Finally, we will focus our attention on acquiring, licensing or partnering with water treatment and waste-to-energy companies to accelerate high margin revenue.”
General Environmental Management, Inc. (GEVI.OB) Announces Upcoming Conference Call
Today after the bell, General Environmental Management, Inc. announced that it will conduct its first ever earnings conference call on Monday, November 16, 2009 at 1:30 PST. The call will be hosted by GEM’s management team including CEO Tim Koziol, CFO Brett Clark and President Bill Mitzel. Following prepared remarks and presentation of the operating results, the call will be open to questions and answers.
“We are excited to be conducting our first earnings call and to have the opportunity to talk directly with shareholders about the exciting changes that are taking place at GEM,” commented Koziol. “Over the past few months we have been working hard to re-engineer our business model by shifting our focus away from the lower margin field services business to the faster growing and much higher margin wastewater treatment and waste-to-energy industries.”
“During the earnings call we will be able to provide a detailed update on our progress of acquiring Santa Clara Waste Water (SCWW), which we believe can set our company on course for future growth, and most importantly, future profitability and cash generation from operations.” Koziol added. “We will also be able to provide guidance on the company’s plan to sell our field services business. While we believe that we have one of the best managed and operated hazardous waste field services companies in the country, getting maximum value in the sale of this business unit at this time will eliminate debt and provide access to capital to accelerate our move into the wastewater treatment and waste-to-energy markets.”
“We will also be able to share important details about the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. Several such relationships are already in development.” Koziol continued, “Once the sale of our field services business and the acquisition of SCWW are complete, we anticipate that the operating company going forward could be profitable and cash flow positive.”
Koziol concluded, “With the addition of GEM’s sales, marketing, operational and regulatory expertise, we believe that we can grow SCWW significantly in the coming years. As we announced last week, we will continue to pursue organic growth while we look to acquire complimentary water treatment businesses that will give GEM even greater capacity to scale revenue.”
General Environmental Management, Inc. (GEVI.OB) Provides Instruction for Upcoming Conference Call
General Environmental Management, Inc. announced today that it will conduct its first ever earnings conference call on Monday, November 16, 2009 at 4:30 EST (1:30 PST). Hosted by GEM’s management team, including CEO Tim Koziol, CFO Brett Clark and President Bill Mitzel, the call will have an open question and answer session.
The participant dial-in number is: 1-480-629-9712. If you have an interest in GEVI and would like to be sent a reminder about the GEVI Earnings Conference Call, send an email to investors@go-gem.com. The company would like to add your email address to the GEVI database and will keep you updated regarding the latest news and events.
“We are excited to be conducting our first earnings call and to have the opportunity to talk directly with shareholders about the exciting changes that are taking place at GEM,” said CEO Koziol. “Over the past few months we have been working hard to re-engineer our business model by shifting our focus away from the lower margin field services business to the faster growing and much higher margin wastewater treatment and waste-to-energy industries.”
“During the earnings call we will be able to provide a detailed update on our progress of acquiring Santa Clara Waste Water (SCWW), which we believe can set our company on course for future growth, and most importantly, future profitability and cash generation from operations,” Koziol continued. “We will also be able to provide guidance on the company’s plan to sell our field services business. While we believe that we have one of the best managed and operated hazardous waste field services companies in the country, getting maximum value in the sale of this business unit at this time will eliminate debt and provide access to capital to accelerate our move into the wastewater treatment and waste-to-energy markets.”
“We will also be able to share important details about the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. Several such relationships are already in development,” Koziol stated. “Once the sale of our field services business and the acquisition of SCWW are complete, we anticipate that the operating company going forward could be profitable and cash flow positive.”
Koziol concluded, “With the addition of GEM’s sales, marketing, operational and regulatory expertise, we believe that we can grow SCWW significantly in the coming years. As we announced last week, we will continue to pursue organic growth while we look to acquire complimentary water treatment businesses that will give GEM even greater capacity to scale revenue.”
General Environmental Management, Inc. (GEVI.OB) Signs LOI with Cake Energy, LLC to Jointly Build and Operate Waste-to-Energy Facilities
General Environmental Management, Inc. 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,” stated 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 sludge for use as the primary dry fuel for the ongoing drying, deodorizing and sterilizing of all toxins. Surplus fuel, produced from the drying process, is used as a high-grade atomized fuel for alternate power generation. Additionally, 60% of the evaporated water can be recaptured for recycle. It is a truly remarkable technology.”
Koziol continued, “The goal of this joint venture is for GEM and Cake to design, build, own and operate these proprietary sludge processing WTE plants. The anticipated revenue model is to charge municipalities a flat price per ton of waste processed as well as sell the excess energy generated from the process. We are currently working with Cake on several proposals for large metropolitan municipalities and hope to build the first WTE plant in the next 24 months.”
Cake Energy CEO Peter Douglas commented, “The design engineers have devoted their energies over the past four years to ensure the technical specifications and performance of pilot projects deliver the outputs that have been predicted in the design specifications. The Chief Design Engineer and Inventor, Mr. Patrick Potter, has specialized in the design, installation and operation of many energy recuperation projects, specifically in the elimination of waste materials, throughout the UK and Australasia for more than 40 years. Additionally, Cake has worldwide patent applications for four of the critical process components, as well as the overall process.”
Lisa Heinz, Director and Executive Vice President of Corp Finance for Cake Energy, added, “The Heinz family has invested into this technology and we are very excited about the partnership and its environmentally friendly initiatives. We’ve evaluated countless technologies to deal with this seldom referenced but highly pertinent issue. In our search we found this waste-to-energy process superior to all others, offering a total solution to managing sewer waste while generating renewable energy.”
General Environmental Management, Inc.’s (GEVI.OB) Software is a Real Gem
General Environmental Management Inc. (“GEM”) is an integrated environmental services firm. The company has a lot of things going for it, especially since the management team decided to shift the company’s business focus from hazardous waste field services to the fast-growing water treatment and waste-to-energy markets.
One of the company’s strongest assets remains GEMWare, which is an industry-leading web-based information management tool which empowers waste generators to streamline and optimize operations. The software is designed to allow clients and the company to track all activities from the managing, handling, packaging, and transportation of waste to final recycling, treatment or disposal. It is ideal for use by an environmental manager responsible for multiple sites.
A GEMWare user can do many tasks including:
• Organize storage areas
• Manage inventories
• Set up waste stream profiles and disposal approvals
• Request services and purchase materials
• Schedule shipments
• Track manifests
• Receive specialized reports
GEMWare also provides instant access to comprehensive, up-to-date information in a variety of areas, including environmental regulatory compliance guidelines, disposal site capabilities, waste stream histories, and shipment transaction activity. Another important aspect of General Environmental’s software is the associated online resources center, which gives users access to related data such as emergency response guides and hazardous materials shipping and packaging guidelines which follow guidelines laid out by governmental regulations.
General Environmental Management, Inc. (GEVI.OB) Making the Switch to More Profitable Businesses
General Environmental Management Inc. is in the midst of a process to switch the focus of its business from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. The company believes that shareholder interest will be better served in the long term by this move into faster-growing, more profitable markets.
The opportunity in the marketplace is definitely there. Within the United States alone, the water industry is a $120 billion market that is expected to grow at a 6%-7% rate over the next year. On a global basis, the industry size exceeds $400 billion annually and is growing at a much higher rate than the United States as the emerging world continues to build out its infrastructure. The global waste-to-energy market is a smaller market, but it is still a $20 billion market with a high growth rate.
To help it achieve its goals, General Environmental has retained the services of General Pacific Partners, a financial advisory firm and long-time financial sponsor of the company, to explore and assist in the evaluation of acquisition opportunities in the wastewater management business. In a sign of progress in achieving their goals, General Environmental has already signed a definite letter of intent to acquire Santa Clara Waste Water, a profitable, 50 year old wastewater treatment business.
Since its inception in 2002, General Environmental Management Inc. has grown at a compounded annual rate of 48% to generate annual revenues of $37 million from an initial $2.3 million in 2002. With their shift in focus into higher-profit, faster-growing markets, General Environmental over the next several years should be able to achieve an even more enviable track record.
General Environmental Management, Inc. (GEVI.OB) to Conduct First-Ever Earnings Call
General Environmental Management Inc. reminds investors and other interested parties that it plans to conduct its very first earnings conference call on Monday, November 16, at 4:30 EST (1:30 PST). The call is being hosted by the company’s management team, including Tim Koziol (CEO), Brett Clark (CFO), and Bill Mitzel (president). Questions will be taken after the formal presentation relating to operating results and the company’s shift of business focus to wastewater management and waste-to-energy markets.
CEO Tim Koziol spoke at some length about the upcoming conference call, providing a good idea of exactly what will be covered:
“We are excited to be conducting our first earnings call, and to have the opportunity to talk directly with shareholders about the exciting changes that are taking place at GEM. Over the past few months we have been working hard to re-engineer our business model by shifting our focus away from the lower margin field services business to the faster growing and much higher margin wastewater treatment and waste-to-energy industries.”
“During the earnings call we will be able to provide a detailed update on our progress of acquiring Santa Clara Waste Water (SCWW), which we believe can set our company on course for future growth, and most importantly, future profitability and cash generation from operations,” Koziol continued. “We will also be able to provide guidance on the company’s plan to sell our field services business. While we believe that we have one of the best managed and operated hazardous waste field services companies in the country, getting maximum value in the sale of this business unit at this time will eliminate debt and provide access to capital to accelerate our move into the wastewater treatment and waste-to-energy markets.”
“We will also be able to share important details about the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. Several such relationships are already in development,” Koziol stated. “Once the sale of our field services business and the acquisition of SCWW are complete, we anticipate that the operating company going forward could be profitable and cash flow positive.”
General Environmental Management has long been known as a full-service hazardous waste management and environmental services company, offering a proprietary web-based software system, GEMWare, to help businesses efficiently manage all aspects of their waste handling operations.
General Environmental Management, Inc. (GEVI.OB) is Poised for Growth
General Environmental Management Inc. is currently in the process of shifting its business focus from hazardous waste field services to the more lucrative and faster-growing water treatment and waste-to-energy markets. Having successfully built one of the most well-run field companies in the country, the company’s management is confident they can move the company towards a more profitable future in the water treatment and waste-to-energy industries.
The management of General Environmental has secured the services of long-time sponsor of the company, General Pacific Partners, to assist them to explore and evaluate wastewater business acquisition opportunities, particularly in the western areas of the United States such as California. The company has already inked a deal to acquire a profitable, 50 year old wastewater treatment business in California – Santa Clara Waste Water.
The company’s new business model is well poised for high profit and fast growth due to trends in their targeted industries. On a global basis, the water industry size exceeds $400 billion and is growing rapidly with the demands of a growing population in the emerging world. Even here at home in the United States, where General Environmental is putting their initial focus, the water industry is a $120 billion market that is expected to grow at a 6%-7% rate next year.
General Environmental has already established an enviable growth record – growing at an annual rate of 48% since 2002. The company’s revenues have grown from only $2.3 million in 2002 to today’s $37 million. The management team firmly believes that strategic moves into more profitable industries will help the company grow even faster in the years to come.
General Environmental Management, Inc. (GEVI.OB) Announces Acquisition of Santa Clara Waste Water
General Environmental Management, Inc. announced today before the opening bell 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. To date, SCWW has treated more than 2 billion gallons of waste water and is recognized as one of 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 GEM’s common stock on a fully diluted basis. Details of the notes can be found in the 8-K issued by the company.
“We are thrilled to have completed the acquisition of SCWW,” stated Tim Koziol, GEM Chief Executive Officer. “We plan to work with SCWW CEO Doug Edwards and his team to achieve the goal of becoming the premier independent non-hazardous wastewater management company; First in California, then the western region and eventually in the United States.”
Koziol continued, “As I have said repeatedly, we are acquiring not only a successful company with a great track record and valuable assets, we are partnering with one of the finest management teams in the environmental management industry. Doug and his team have set the standard for wastewater management. Their facility situated on five acres of strategically located land in Santa Clarita Valley, along with their unique and invaluable 12.7 mile pipeline from their facility to Oxnard’s water reclamation center, gives GEM a corner stone to build a regional and then national presence in the water treatment market.”
“This is an important day in SCWW’s journey to become a national waste water treatment company,” commented Doug Edwards. “I am very excited to be uniting with GEM’s management team to build upon the success we have earned at SCWW. I have long had a vision of growth for SCWW and I am confident that by teaming with GEM, we will be able to help make that vision a reality. The waste water treatment market is large and will continue to grow as demand for water treatment increases exponentially. SCWW is uniquely positioned to take its assets, experience, knowledge set and strategic plan and become one of the foremost waste water treatment companies in the U.S. In addition, we have a number of unique products and services in development that we can bring to market faster and with greater efficiency with the help of GEM’s talented management group.”
GEM Chief Financial Officer, Brett Clark, added, “SCWW has a profitable, high margin business model. We are acquiring the company and all of its assets for approximately three times its trailing EBIDTA, plus the assumption of long term debt secured by SCWW’s plant and equipment. SCWW’s revenues in 2008 were approximately $7.6 million. The transaction is very accretive to GEM, and the terms of the transaction are very favorable to the shareholders. Again, the details of the transaction can be found in the 8-K.”
Because of the timing of the closing of this transaction, GEM’s management has filed for an extension in filing its 10Q for the quarter ended September 30, 2009 and will reschedule its earnings conference call to Monday, November 30, 2009 at 1:30 pm PST.
Providing an update on GEM’s efforts to sell its field services business in order to focus on new business opportunities, Koziol stated, “We have made great progress over the past month in our efforts to sell our field services business. We are actively engaged with the prospective buyer and will close this transaction as soon as practically possible. Our goal is to eliminate the majority of our debt and to refocus all of our operating efforts on the more profitable and faster growing waste water and waste-to-energy markets.”
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