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Wednesday, August 05, 2009 2:29:55 AM
STS will be a very solid acquisition for EVRM. They already own 40 percent.
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Here's Why EVRM Wants STS...
Below is a slight modification of an earlier post I made to explain why EVRM wants STS: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37747335
STS is a legitimate Service Disabled, Veteran Owned Small Business (SDVOSB). For those who are not aware of this, this is huge. STS CEO is Mr. E. Richard (Dick) Weitzel, II. Here is the STS website:
http://www.sts-corporation.net/
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To further add…
President Barack Obama's upcoming fiscal year budget guarantees $28 billion to support the U.S. Small Business Administration (SBA) for loan guarantees:
http://www.sba.gov/idc/groups/public/documents/sba_homepage/news_release_09-13.pdf
By law, SBA Service Disabled, Veteran Owned Small Businesses (SDVOSB) are entitled to get not less than 3% of that $28 billion from the Federal Government that is going to be allocated from President Obama’s program to support disabled veteran-owned small businesses on a yearly basis as indicated in the link below:
http://www.sba.gov/aboutsba/sbaprograms/goals/SBGR_2006_GOALING_OVERVIEW.html
3% of $28 billion = $840,000,000 Funds Allocated to SDVOSB
With EVRM acquiring 40% and shortly 80% in STS, this means that they will have huge portions of Revenues from contracts allocated towards the company’s financials. This is one reason why acquiring STS is in the best interest of EVRM.
Again, by law, per the U.S. Department of State, it is mandatory that EVRM (via STS) will receive some contracts as governed by the Veteran's Benefit Act of 2003:
http://www.asdv.org/PNOL/pnolfed.cfm?AutoNum=88
http://www.acq.osd.mil/osbp/policy/pl108-183.pdf
Something that is even larger that I think investors still are not aware of is that under Section 308 of Public Law under the Veteran's Benefit Act of 2003, a Contracting Officer may award sole source contracts to a Service Disabled, Veteran Owned Small Business:
http://www.asdv.org/PNOL/pnolfed.cfm?AutoNum=88
You can also go here under the Library of Congress to read about Section 308:
http://thomas.loc.gov/cgi-bin/bdquery/z?d108:HR02297:@@@L&summ2=m&
I think it’s just a matter of time before investors really see that EVRM acquiring STS is very huge. So understand below when the EVRM CEO, Jonathan Sym, stated in an earlier PR…
From Earlier PR
http://finance.yahoo.com/news/The-Evermedia-Group-Signs-iw-15213326.html
…"Since last year, STS's revenues have experienced significant growth. They have won key contracts and task orders as well as joining several teams with Fortune 1000 companies. I think by the end of 2010, STS can possibly exceed $10,000,000 in revenues." …
From Today's PR
http://finance.yahoo.com/news/The-Evermedia-Group-Finalizes-iw-3387111314.html?x=0&.v=1
"...We are also revising our initial revenue estimates as we predict much greater opportunities in FY 2010. Details on this and other development are forthcoming."
This means that much have closed as they expect much more than $10,000,000 in Revenues as from what was previously projected. I think that a few major things have since transpired since then. IMHO
I think it’s safe to believe that STS was and still is a multi-million dollar Defense Contracting Company. The SDVOSB is only one facet of how EVRM & STS have already obtained and will be obtaining more contracts.
Important to note that I think is also being overlooked is that STS is only in addition to the other growth that I think will be revealed from EVRM separately maturing. EVRM is going to prove to be a complete and very solid Defense Contracting Company. The news today confirms for me what we have here with EVRM and what we will be having in the future. I think we are Golden here with EVRM.
v/r
Sterling
Sterling's Trading & Investing Strategies:
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