General Environmental Management, Inc. Enters Into Strategic Relationship With Systech Environmental Corp.
Posted on: Thursday, 3 May 2007, 12:00 CDT
General Environmental Management, Inc. (GEM) (OTCBB: GEVI), a leading environmental and waste remediation company, has entered into a strategic marketing relationship with Systech Environmental Corporation (Systech). Systech is the premier provider of alternative fuels to its parent, Lafarge North America, which is the largest supplier of cement products in North America and is owned by the world's largest cement and building materials producer, Lafarge S.A. This relationship will enable both companies to more effectively penetrate the national environmental services marketplace while drawing on their respective resources.
Under the agreement, GEM will utilize a portion of Systech's Fredonia, Kansas EPA permitted Part B Treatment, Storage and Disposal Facility (TSDF). GEM will assist in the management of non-fuel waste materials from Fredonia to alternate recycling or disposal facilities. In return, GEM has committed its current and future alternative fuels waste streams to Systech. In addition, GEM will have the opportunity to team with Systech on joint-bid contracts and market their diverse service offering to Systech customers. The service offering by GEM will include EnviroConstruction, mobile water treatment and degassing, proprietary GEMWare data management software, technical field services and environmental health and safety training.
"Our agreement with Systech provides a 'win-win' for both companies. GEM's presence at Fredonia, KS is a key next step in our strategy to expand nationwide and continues our expansion east, while for Systech it secures a long-term fuel source for its kilns," commented Tim Koziol, GEM's Chief Executive Officer.
The agreement also provides the platform for Systech and GEM to explore additional joint business and investment opportunities as they arise.
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 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.
About Systech Environmental Corporation
Systech Environmental Corporation has been a leader in managing alternate fuels since 1979. Systech currently operates two EPA permitted Part B Treatment, Storage and Disposal Facilities (TSDFs) and 13 facilities that handle scrap tires, waste oil and/or alternate solid fuel throughout North America. Systech is committed to expanding initiatives in industrial ecology that will preserve and protect our environment.
Company Contact: General Environmental Management (GEM) Tim Koziol 909-444-9500 Contact via http://www.marketwire.com/mw/emailprcntct?id=3C6A1027BF4E6E39 Investor Contact: Lippert / Heilshorn & Associates, Inc. Moriah Shilton / Kirsten Chapman 415-433-3777 Contact via http://www.marketwire.com/mw/emailprcntct?id=4DA6062318CE8137
SOURCE: General Environmental Management
Source: MARKET WIRE
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