General Environmental Management, Inc.’s (GEVI.OB) Transition into Faster-Growing, High-Margin Markets
General Environmental Management Inc. made a strategic decision a few months ago to switch the focus of the company from hazardous waste field services to the more lucrative water treatment and waste-to-energy markets. The company's management firmly believes that shareholders will benefit in the long-term from this move into faster-growing markets. The company's initial forays into these markets will focus on western areas of the United States. General Environmental has already made one large deal in the rapidly-growing water business. The recently-closed deal saw the company acquire California-based Santa Clara Waste Water, a profitable 50 year old wastewater treatment business.…