General Environmental Management, Inc. (GEVI.OB) Announces Acquisition of Santa Clara Waste Water
QualityStocks (November 16th, 2009) Writes:
General Environmental Management, Inc. announced today before the opening bell that it has completed the acquisition of Santa Clara Waste Water (SCWW), a profitable, 50 year old, full service environmental services company focused primarily on the waste water treatment business. To date, SCWW has treated more than 2 billion gallons of waste water and is recognized as one of the top 100 privately owned non-hazardous waste water utilities in the United States.
GEM financed the acquisition through the issuance of six promissory notes in the aggregate principal amount of $9,003,000, along with warrants for the principals of SCWW to purchase 425,000 shares of GEM’s common stock. The notes bear interest at 6.5 percent per annum. Two of the Notes, totaling $3,778,000, are convertible into a total of 15% of GEM’s common stock on a fully diluted basis. Details of the notes can
...Brett Clark, California, ceo, Chief Executive Officer, Chief Financial Officer, Doug Edwards, General Environmental Management Inc., Investing Lessons, non-hazardous waste water utilities, Santa Clara Waste Water, Santa Clarita Valley;, Small & Micro Cap, talented management group, Tim Koziol, United States, USD, waste water utilities, waste-to-energy markets, wastewater management company


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