Recently the board of directors of General Environmental Management Inc. decided to shift the company’s business focus from hazardous waste field services to the higher-margin and faster-growing water treatment and waste-to-energy markets, while also reducing the company’s debt.

General Environmental believes it has one of the best managed and operated field services businesses in the country. This business has handled waste streams from some of the biggest companies in the country. The company is now focused on how to maximize the value of that business while it builds its high margin water treatment business and explores opportunities in the waste-to-energy technology market.

The company is making rapid strides toward transforming their business. A few weeks ago, California-based General Environmental announced that it had signed a binding letter of intent to acquire Santa Clara Waste Water. The deal is expected to close on or

This morning, General Environmental Management, Inc. updated the investment community with the progress made since its Board of Directors elected to shift the company’s business focus from hazardous waste field services to the fast growing water treatment and waste-to-energy markets.

“We are pleased to report that we have made tremendous progress in the execution of our plan to move the company into the water treatment and waste-to-energy markets,” stated Tim Koziol, GEM’s Chief Executive Officer. “As we announced last week, we swiftly moved to sign a binding letter of intent to acquire Santa Clara Waste Water (SCWW). We are conducting final due diligence and plan on closing this transaction on or before November 1, 2009. SCWW will be the cornerstone of our water treatment business. With this profitable business and the addition of GEM’s sales, marketing, operational and regulatory expertise, we believe