POMONA, Calif., Aug. 19, 2004 (PRIMEZONE) -- General Environmental Management, Inc. (GEM), www.go-gem.com, a leading environmental and remediation solutions company, announced today that it has completed the acquisition of Prime Environmental Services, Inc. (Prime) with offices in El Monte, CA and Sea Tac, WA.
Tim Koziol, CEO of GEM commented, "Our personnel are the most critical element in the success of this company. The acquisition of Prime gives us more of the professionals we need to enable us continue to provide our high standard of service."
Vince Scheerer, newly appointed Vice President of Sales for GEM said, "The acquisition of Prime Environmental Services by GEM is an exciting opportunity. It's been a long time since I've seen such a positive move in our market. Prime brings to GEM elements that are a key to growth; a market presence in the Pacific Northwest, Alaska, and Pacific Rim Region; professional, trained and highly skilled employees; quality equipment; and a strong customer base. The synergy created in this acquisition will allow GEM to significantly increase its market presence throughout the Pacific Region while maintaining its customer-focused business philosophy. I look forward to spending my time and energy helping GEM become a leader in the environmental services market."
Kevin O'Connell of General Pacific Partners, LLC commented, "Having the Prime team on board brings significant additional reach in terms of human capital and revenue opportunities to GEM."
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.
The General Environmental Management, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1127
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.