Proprietary Data Apps Lead to Higher Growth Potential - HTSC Enters Agreement To Acquire Assets of Solid Waste Company

CORAL SPRINGS, Florida, May 28, 2014 /PRNewswire/ --

Market news updates for advancers aiming for new growth opportunities through new developments such as revitalized leadership, acquisitions and standout performances: Here To Serve Holding Corp. (OTC: HSTC), Republic Services, Inc. (NYSE: RSG), Waste Management, Inc. (NYSE: WM), Automatic Data Processing, Inc. (NASDAQ: ADP) and Paychex, Inc. (NASDAQ: PAYX).

Here To Serve Holding Corp., (OTC Pink: HTSC), which had previously announced on May 14, 2014 that it had closed on the acquisition of nearly all of the assets and operations of its initial waste management company, Meridian Waste Services in St. Louis, MO area, today announced that its Waste Division has entered into a Letter of Intent ("LOI") to acquire assets of another solid waste company in a Southeastern market. The Company anticipates that the transaction will add additional revenue and positive earnings to HTSC.  

On May 15^th, 2014, HTS-Missouri Waste Division, LLC ("HTS-MWD"), a wholly-owned subsidiary of Here To Serve Holding Corp., acquired the 100% of the assets of Meridian Waste Services, LLC from its then partners for over $20 million in cash and stock in the Company.   Financing of the transaction consisted of a senior debt facility of $9.5 million, $1.5 million in seller subordinated financing, roughly 13.2 million restricted shares of HTSC and 71,210 Preferred Shares -Series B. In addition, HTSC secured two credit facilities for ongoing capital expenditures and working capital. HTSC anticipates HTS-MWD will add annual revenues in excess of $11.5M, annual EBITDA close to $2.9M and Net Income of over $1.2M.  

Read the entire HTSC press release at http://fnmprofiles.com/profiles-htsc.html 

In releasing additional details of the transaction and its effects on the Company's structure, Jeff Cosman, CEO of HTSC said: "After the acquisition there are roughly 55,000,000 shares outstanding with an estimated 19,000,000 shares in the float. We issued restricted shares to the partners of Meridian.  We are working on cleaning up the balance sheet of "inheritance taxes" from investors of the previous entity (FTCH). Despite all of this, HTSC is a tightly held company with significant earnings going forward. In addition, the culture is ground breaking, in that, it has a start-up technology mentality in the Tech Division coupled with the precision of execution and a mature business model in the waste industry. We are breaking new ground for Pink Sheet companies and we will exit out OTC Markets with considerable momentum for our existing shareholders and a dedication to create a growth vehicle for new potential shareholders."

Republic Services, Inc. (NYSE: RSG) recently announced the election of Ramon A. Rodriguez, 68, to non-executive chairman of the Company's Board of Directors, succeeding James W. Crownover who completed his term and will remain a director. Mr. Rodriguez has been a director of Republic Services since 1999 and officially commenced his two-year term as chairman after the Company's Annual Stockholders' Meeting. "Ray brings tremendous leadership and experience to the role of non-executive chairman and will continue to contribute to Republic's ongoing success," said Donald W. Slager, director, president and CEO. "We look forward to his continued advice and counsel."

Waste Management, Inc. (NYSE: WM) provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. The company also owns, develops, and operates waste-to-energy and landfill gas-to-energy facilities in the United States. Its collection services include picking up and transporting waste and recyclable materials from generated area to a transfer station, material recovery facility, or disposal site; and recycling operations comprise materials processing, plastics materials recycling, and commodities recycling services. On Tuesday, WM closed up .83% on over 1.8 million shares traded before the market close.

Automatic Data Processing, Inc. (NASDAQ: ADP), a leading global provider of Human Capital Management (HCM) solutions, recently announced that it has been named to the Champion quadrant in the 2014 HRIS Vendor Landscape report by analyst firm Info-Tech Research Group. The Info-Tech HRIS Vendor Landscape evaluates provider capabilities across the HCM "recruitment-to-retire" spectrum, including HR, payroll, benefits administration, time & attendance and talent management. Companies named to the Champion quadrant are recognized for their product functionality, commitment to service and strategic vision. "Our research found that ADP offers an impressive list of advanced HCM features, particularly in analytics," said Agnes Scott, Principal Consulting Analyst at Info-Tech Research Group.  "With strong global solutions and expertise, ADP is recommended for multinational enterprises looking to standardize their human capital management and payroll practices."

Paychex, Inc. (NASDAQ: PAYX), a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, recently announced it renewed its payroll referral partnership with RBS Citizens Financial Group. Through the partnership, Citizens' banking customers gain access to Paychex's suite of business services, including payroll and human resource services offerings. "We are proud to continue our long-standing relationship with RBS Citizens Financial Group," said Andrew Childs, vice president of Marketing at Paychex. "In the last nine years, we've had the opportunity to help Citizens' business customers better manage their payroll, tax compliance, and business cash flow. We are excited to continue providing these quality value-added services to help Citizens attract and retain business customers."

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