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General Environmental Management, Inc. Awarded Contract From the Metropolitan Water District of Southern California
By Market Wire Last Update: 6/20/2006 7:05:02 AM Data provided by
POMONA, CA, Jun 20, 2006 (MARKET WIRE via COMTEX) -- General Environmental Management, Inc. ("GEM") (GEVM), a leading environmental and waste remediation company, today announced it has been awarded a five-year contract worth $3 million from the Metropolitan Water District (MWD) of Southern California. GEM is providing services for the management of hazardous and non-hazardous waste from the public utility.
Services include project oversight, labor, logistics, transportation and disposal services, training, and Environmental, Health, Safety (EHS) Consulting Services.
"Our extensive suite of services and dedication to customer service were key elements to our securing this award," stated Tim Koziol, chairman and CEO of GEM. "This recent award builds upon our five-year relationship with MWD. In addition, we see an opportunity to use our GEM Mobile Treatment Services (GEM-MTS), which we acquired in March from K2M. These services enable the on-site treatment of wastewater and are, therefore, more efficient, at a lower cost. As we have stated before, adding niche business segments with higher margins is one part of GEM's overall growth strategy, and GEM-MTS is the first of many we anticipate for the company."
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) is a full-service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare, including the following service offering: management and transportation of waste; design and management of on-site waste treatment systems; management of large remediation projects; response to environmental incidents and spills; and environmental, health and safety compliance. Headquartered in Pomona, California, GEM operates five field service locations and one Treatment, Storage and Disposal Facility (TSDF), servicing all markets in the Western U.S.
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. No forward-looking statement can be guaranteed. GEM undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect GEM's business.
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