General Environmental Management, Inc. (GEVI.OB) Signs Letter of Intent with Bio-Energy Solutions Group to Manage Waste-to-Energy Project
General Environmental Management Inc. announced today after the closing bell that it has entered into a Letter of Intent to execute formal agreements with Bio-Energy Solutions Group, Inc. (BESG) to manage their waste-to-energy operations in Pernambuco, Brazil. Responsibilities would include the collection and processing of municipal solid waste and subsequent conversion to alternative energy. The management agreement has a term of 15 years. “We are very pleased to have entered into a Letter of Intent to formalize a management contract services relationship with BESG,” stated Timothy J. Koziol, CEO of GEM. “BESG has contracts for 34 towns in the state…