Service Team Inc. Reports Record Sales
VILLA PARK, CA / ACCESSWIRE / July 21, 2016 / Service Team, Inc. (OTC Pink: SVTE, "Service Team") is pleased to announce the filing of its quarterly report for the period ending May 31, 2016.
The Company achieved record sales of $947,796 for the quarter ending 5-31-2016 compared with $664,454 for the same quarter last year. We look forward to continued growth throughout the year.
Robert Cashman, President of Service Team stated: "I am pleased to announce that we have completed the acquisition of MCV Companies, Inc. ("MCV"). MCV will become a wholly owned subsidiary of Service Team, Inc. The acquisition was funded with a combination of cash and stock. This is the first of several acquisitions that Service Team, Inc. is currently negotiating."
Service Team will report combined revenues of approximately $5,000,000 in its financial statements for its fiscal year ended 8-31-2016, compared to gross revenues of $2,611,766 for its fiscal year ended 8.31.2015.
Virgil Enriquez, Secretary of MCV stated: "MCV Companies Inc., is a full service landscape contractor. We offer conceptual drawings and complete construction services. MCV is committed to taking the client's vision and making their dream become a reality. As a premier landscape contractor in San Diego County we surround our customers with the most knowledgeable professionals. Our team has over 25 years of experience in the industry. MCV creates individuality in each of their client's custom outside living spaces. Throughout construction we maintain constant communication with all partners involved. Customer service and constructing it right the first time is always our top priority."
About Service Team Inc.:
Service Team Inc. is a fully reporting public company with its stock listed on the OTC PINK using the symbol SVTE. The Company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth of more than twenty percent (20%) per year.
Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Service Team Inc.
18482 Park Villa Place
Villa Park, CA 92861
714-538-5214
Website:
www.deltastag.net
SOURCE: Service Team, Inc.