Enviro-Serv, Inc. Closes on Pestmaster Franchise Agreement
Enviro-Serv Subsidiary, Xterminate to Now Operate As Pestmaster Tampa
Jul 01, 2015, 07:30 ET
TAMPA, Fla., July 1, 2015 /PRNewswire/ -- Enviro-Serv, Inc. (EVSV), which targets highly profitable small service companies in the commercial and residential property maintenance industry, is pleased to announce that it has successfully finalized negotiations previously announced in June regarding the Pestmaster Services franchise for the Tampa Bay area. X-Terminate, a subsidiary of Enviro-Serv, will now be officially operating as Pestmaster Tampa under the new agreement.
This announcement comes ahead of schedule as the Company originally anticipated closing on this in mid-July. Chris Trina, CEO of Enviro-Serv states, "I am exuberant about today's news and the accomplishments that come with it. We've successfully raised $80,000 of which $63,000 was used to close this deal early. Not only have we immediately begun enjoying the cash flow from the existing 5 year annual renewable VA contract that came with our franchise but also expect the revenues from the Bay Pines VA hospital bee hive extraction contract awarded two weeks ago to commence in the very short term."
Trina ended his comments to shareholders by stating, "I wanted to announce that the existing VA contract and its contract officer have already renewed our existing contract into the 2nd year based on great performance and zero complaints. A major benefit of becoming the franchisee in this thriving area is as long as other territories remain open and Government bids are coming in, we are the logical choice in this general area for Pestmaster Services National to call upon to place that bid. In fact I am currently in the process of bidding for a county contract nearby to Tampa Bay which could exceed $60,000 per year. I have asked the Pestmaster Franchise Network to allow us first right of refusal to buy into either open territories that interest us or better yet to buy into territories that have strong revenue producing Government contracts already in place. More to come on that side later."
Pestmaster Tampa will be able to take full advantage of the Pestmaster brand including opportunities to secure additional government contracts. Pestmaster Services is only one of a handful (70) of (21,000) national pest operations approved to bid on GSA SBA governmental pest contracts and currently holds a 5 year annually renewable, $307,000 VA Tampa based contract that would be owned and serviced by the Tampa franchisee.
"We're very pleased to welcome the Enviro-Serv Team into the Pestmaster Services system. We're building an impressive lineup of Pestmaster operators across the nation and the local Tampa group will certainly add to that professional and 'green' business model."
Pestmaster Franchise Network, Inc. President, Jeffrey M. Van Diepen, added, "The Enviro-Serv business model is an exciting, fast growing one and runs parallel to what and where Pestmaster is headed. The company is customer centric, to be sure, but also has within its culture and Mission Statement, rewards for its employees, management and stakeholders."
With significant pest pressures, great government opportunities, and a brisk and fast growing housing market in the Tampa area, management anticipates this service center to be a local leader in pest management.
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (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. Please visit our websites at www.enviro-serv.com and www.xterminateinc.com to learn more. Please visit www.pestmaster.com to learn more about the Franchisor.
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 solely 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.
CHRIS TRINA, CEO
Enviro-Serv, Inc. 813-708-9910
SOURCE Enviro-Serv, Inc.
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