TAMPA, FL. July 30th, 2013 - Enviro-Serv Inc. (OTC Pink: EVSV) Enviro-Serv Inc. (ESI) is pleased to announce corporate capital restructuring and corporate funding measures put into place.
Chris Trina, Chairman and CEO stated, “I am pleased to announce today that myself and our board of directors have retired 643,261,378 shares of class A common stock of the current outstanding total of 947,084,477 class A common stock or about 70%. As of today our total issued and outstanding class A common shares is 303,823,099 with a total float of 146,592,291. Management’s retired stock was replaced with Class A Preferred stock. We felt this was extremely necessary to better reflect management’s long term goals and to increase shareholder value.” Mr. Trina goes on to state, “We have new classes of preferred stock being issued for management holdings, mergers and/or acquisitions and future funding. Preferred stock is restricted for one year and will have different classes such as A, B, C etc. Preferred stock availability is critical at this stage for this company to move forward in its game plan. We have working diligently as stated in our previous announcements to corporately restructure which greatly benefits our shareholder base and should positively impact and increase our stock valuation as well.”
Regarding capital funding measures Mr. Trina states this, “On Monday July 15th we filed a 504 registration with the SEC allowing us to raise capital with accredited investors and institutions of up to one million dollars. We have needs like most young companies to raise additional capital to execute our corporate business plan and to achieve our overall goals. In my opinion this is the most suitable method at this juncture to raise capital. We are currently in serious discussions with numerous entities on the merger and acquisition side in which capital must be raised to land these potential targets. We have successfully raised $30,000 thus far which reflects in the above stated equity structure. Investors will have multiple choices of investment vehicles of which to fund Enviro-Serv to include; equity, debt and/or convertible notes and preferred stock. Trina ended his statement by exclaiming, “There has been zero insider selling to date and I don’t expect any in the foreseeable future as we are all committed to the long haul. Our stock has been extremely oversold in my opinion and this new equity structure along with these retired shares should help bring back our stock price to a more fair market value and help to increase overall shareholder value in the short term.”
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (OTCPK: 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.
CONTACT:
Enviro-Serv, Inc. – 813-975-7177
SOURCE: Enviro-Serv, Inc.