General Environmental Management, Inc. Announces the Award of Two Contracts for Remediation in Alaska Valued at $2.5 Million
Posted on: Monday, 2 June 2008, 06:00 CDT
General Environmental Management, Inc. ("GEM") (OTCBB: GEVI), a leading environmental and waste remediation company announced today that it has been awarded two subcontracts from a joint venture between BC Contractors & Jacobs Engineering Group, Inc. (BC-Jacobs) valued at $2.5 million.
The contracts represent both a continuation of work previously performed by GEM EnviroConstruction and a new award for environmental restoration activities in Alaska. GEM is an environmental subcontractor under Jacobs' U.S. Army Corps of Engineers (USACE) indefinite delivery/indefinite quantity Environmental Remediation Services (ERS) contract. Under these agreements, GEM will perform on-site labor, transportation, and disposal of petroleum and PCB contaminated soils from projects located in Kodiak.
"GEM is excited to expand our working relationship with Jacobs' Native-owned partner, BC Contractors. We are confident that they will value our project management and logistics expertise, as we continue to provide value to our clients in remote sites," commented Michael Gortner, GEM Northwest Regional General Manager.
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 offerings: 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 seven field service locations and one Treatment, Storage, 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.
Company Contact: General Environmental Management (GEM) Tim Koziol 909-444-9500
SOURCE: General Environmental Management
Source: MARKET WIRE
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