GS EnviroServices Announces Energy Management Agreement
GS EnviroServices Corporation (OTC Bulletin Board: GSEN) announced an Environmental Services and Management Agreement with Olson’s Greenhouses, Inc. located in Raynham, MA. Olson’s operates 225,000 square feet of greenhouses, 60 (sixty) acres of outdoor production and has a Class A Recycling Permit for the recycling of one million gallons per year of on-specification of oil and water. The Agreement calls for the management of marketing and environmental services for these materials and is part of GS EnviroServices’ overall strategy to focus on the recycling and reuse of carbonaceous materials.
GS EnviroServices consists of two operating groups named Enviro-Safe Corporation and Enviro-Safe Corporation (NE). The Company has five strategic locations throughout New England specializing in Environmental Management Services. These services include transportation and disposal of waste materials, consulting and engineering services and a broad range of remedial services.
“We are extremely pleased to announce this Agreement with the Olson Group,” noted James Green, President and CEO. “This is our first step in the implementation of our plan to focus on activities that involve the management of various carbon bearing by-products for energy utilization and recycling. We have spent twenty years assisting our clients in cleaning the environment, and our strategy now is to also assist them in decreasing the consumption of the environment.”
The Company has also applied to receive a Marketer and Blender Permit for used oils at its RCRA Part B permitted facility located in Lowell, MA. “This activity will allow the Lowell facility to decrease costs for the management of existing oil materials and to expand its market share in this area,” noted Steve Powers, VP of Operations.
“Enviro-Safe has demonstrated the ability to operate a safe, compliant and cost effective operation. The synergies created through this partnership will create immediate efficiencies and cost savings impacting both companies. We feel that through their Parent Company, GreenShift (OTC Bulletin Board: GSHF), they have the emerging technologies to assist us in expanding our reuse of materials to create additional alternative energy sources,” noted Matt Piscitelli, CEO of Olson’s Greenhouses, Inc.
This first step is the foundation of the formation of an additional operating group, Enviro-Energy Corporation. It is anticipated that this group will be formed in the fourth quarter of this year and will be fully operational for the fiscal beginning January 1, 2008.
About Olson’s Greenhouses, Inc.
Olson’s grows the highest quality potted plants and various other greenery at its sixty (60) acre farm in Raynham, Massachusetts, including 5 (five) acres of greenhouses. Olson’s success is founded on horticultural excellence, reliability and innovative growing programs. With an impeccable record of customer centric service performed by knowledgeable and experienced horticulturalists, Olson’s is pleased to be one of the largest, strongest and most well respected greenhouse businesses in the area. The impacts on its immediate surroundings are all positive as it is a large consumer of waste oil which would otherwise pollute the surrounding environment.
Olson’s is headed by Matt Piscitelli and Clive V. Olson. A native of Brockton, Piscitelli received a Master’s of Business Administration from Northeastern University and is a graduate of Bryant College in Smithfield, RI. C. V. Olson, has fifteen years experience in the garden center and greenhouse industry. A native of Taunton, he currently owns the highly successful Olson’s Garden Center in Wareham, MA.
About GS EnviroServices Corporation
GS EnviroServices Corporation provides diversified environmental management services, including value-added, environmentally conscious and cost-effective hazardous and industrial waste management services based on the efficient management of wastes and with a focus on superior technical solutions for the management, recycling and reuse of wastes. GS EnviroServices also provides site remediation and environmental engineering services and operates a Resource Conservation and Recovery Act (RCRA) Part B permitted TDSF, and field and technical service centers throughout New England.
GS EnviroServices is majority-owned by GS CleanTech Corporation (OTC Bulletin Board: GSCT), which company provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS EnviroServices, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.