General Environmental Management, Inc. (GEVI.OB) Announces Letter of Intent to Acquire Profitable Company
General Environmental Management, Inc. (GEM) announced this morning that it has signed a definitive letter of intent to acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. Earning the reputation of being one of the top 100 privately owned non-hazardous wastewater utilities in the U.S., SCWW has treated more than 2 billion gallons of wastewater. During 2008, the company generated over $34.8 Million in revenues. “We are thrilled to have come to an agreement to acquire SCWW and are eager to work with them to achieve their goal of becoming the premier independent non-hazardous wastewater…