General Environmental Management Inc. reminds investors and other interested parties that it plans to conduct its very first earnings conference call on Monday, November 16, at 4:30 EST (1:30 PST). The call is being hosted by the company’s management team, including Tim Koziol (CEO), Brett Clark (CFO), and Bill Mitzel (president). Questions will be taken after the formal presentation relating to operating results and the company’s shift of business focus to wastewater management and waste-to-energy markets.
CEO Tim Koziol spoke at some length about the upcoming conference call, providing a good idea of exactly what will be covered:
“We are excited to be conducting our first earnings call, and to have the opportunity to talk directly with shareholders about the exciting changes that are taking place at GEM. Over the past few months we have been working hard to re-engineer our business model by shifting our focus away from the lower margin field services business to the faster growing and much higher margin wastewater treatment and waste-to-energy industries.”
“During the earnings call we will be able to provide a detailed update on our progress of acquiring Santa Clara Waste Water (SCWW), which we believe can set our company on course for future growth, and most importantly, future profitability and cash generation from operations,” Koziol continued. “We will also be able to provide guidance on the company’s plan to sell our field services business. While we believe that we have one of the best managed and operated hazardous waste field services companies in the country, getting maximum value in the sale of this business unit at this time will eliminate debt and provide access to capital to accelerate our move into the wastewater treatment and waste-to-energy markets.”
“We will also be able to share important details about the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. Several such relationships are already in development,” Koziol stated. “Once the sale of our field services business and the acquisition of SCWW are complete, we anticipate that the operating company going forward could be profitable and cash flow positive.”
General Environmental Management has long been known as a full-service hazardous waste management and environmental services company, offering a proprietary web-based software system, GEMWare, to help businesses efficiently manage all aspects of their waste handling operations.
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