POMONA, Calif., July 27, 2004 (PRIMEZONE) -- General Environmental Management, Inc., (GEM) www.go-gem.com, a leading environmental and remediation solutions company, announced today that it has closed the acquisition of a fully permitted Part B Treatment Storage Disposal Facility (TSDF) in Rancho Cordova, California from Pollution Control Industries, Inc. of East Chicago, Indiana.
Tim Koziol, CEO of GEM commented, "GEM's strategic plan has been to meet the key needs of waste generators in our industry sector offering specifically targeted integrated solutions to three market segments: Fortune 1000 companies, small and mid-sized businesses, and other industry service providers. Field services are coordinated and managed by GEM's proprietary compliance software, with the anchor piece of our business model being GEM's own part B TSDF.
Don Lees, President of GEM said, "GEM's mission is to offer the marketplace a new approach to environmental and hazardous waste management, reuse and recycling, and the acquisition of a fully permitted part B hazardous waste facility in Rancho Cordova, California enables GEM to execute its vision regionally to the fullest extent."
John Beale, VP of Sales for GEM remarked, "By operating GEM Rancho Cordova we will broaden the recycling options offered to customers plus have the ability through customize data management and compliance software to allow the waste generator to track their waste to the final treatment facility."
Kevin O'Connell of General Pacific Partners, LLC stated, "having the facility asset on GEM's balance sheet will give the company a solid platform for continuing to build shareholder value."
About General Environmental Management, Inc.
General Environmental Management, Inc. is a fully integrated environmental company with a General Engineering -- Hazardous Substance Removal License providing several important and critical needs within the environmental industry: identifying, managing and transporting waste, providing emergency response and other incidents, managing remediation projects, and providing application software designed for environmental compliance services and employee health and safety training.
Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations and beliefs of the management of GEM and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include, without limitation, the Company's continued ability to increase revenue; continue to increase earnings; continue to expand business domestically; the continued ability raise capital for expansion; the continued acceptance of new customer services practices; the Company's ability to attract and retain key management and other personnel. For a more detailed discussion of factors that affect GEM, please contact Chairman John Brunkow at 1.909.444.9500. The Company undertakes no obligation to update this forward-looking information.
Office: 3191 Temple Ave. Ste. 250 Pomona, Ca. 91768
Tele: CEO -- Tim Koziol. 909.444.9500
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