Enviro-Serv, Inc. (EVSV) Confirms Current Capital Structure
Apr 24, 2013, 07:00 ET
TAMPA, Fla., April 24, 2013 /PRNewswire/ -- Enviro-Serv, Inc. (OTCPK: EVSV) is clarifying its capital structure to current and prospective investors in response to questions posed over the past thirty days. The Company currently has 887,084,477 common shares outstanding of which 800,492,186 (90%) are restricted. Of the restricted shares, the majority are held by insider long term holders with no intent on selling the stock at this time or the foreseeable future.
"We have opened a new page for Enviro-Serv and are working aggressively to bring value to our shareholders. We are in the process of working on a revised capital structure that decreases our outstanding share count and optimizes market potential. In addition to retiring shares, we are considering implementing a stock repurchase program as we believe that our stock is severely undervalued at current market levels. Management is not and will not sell stock into the market at this time or the foreseeable future. No stock holder has a more vested interest than me in creating shareholder value and selling my stock directly defeats that goal. I am extremely excited about this new business plan and the most recent announcements made to the public over the past 30 days and will do everything in our power to educate shareholders and potential investors on the forward progress we are making with our new business strategy," stated Christoph A. Trina, Chairman and CEO of Enviro-Serv, Inc.
For more information, please visit www.enviro-serv.com.
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.
Enviro-Serv, Inc. – 813-975-7177
SOURCE Enviro-Serv, Inc.
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