Service Team Inc (SVTE)

[winmeny]

Hi Steve,

The CEO and I did talk at length about both SVTE and MCV on the phone today.

MCV currently generates about $2 million in revenues annually. MCV has 5 crews, each consists of 5 to 6 employees for a total of 27 employees. MCV has contracts with several schools and churches where its employees perform construction and maintenance work for them.

SVTE has 34 employees and generates about $3 million in revenues annually.

Both companies generate a combined $5 million in revenues annually.

Note that these numbers are for 12 months ending 8/31/2016. We are currently in the first quarter of 2017 which ends on 11/30/2016.

You can refer to the PR released on 7/21/2016 for more info:

Service Team Completes the Purchase of MCV Companies, Inc

Accesswire AccesswireJuly 21, 2016
Service Team Inc. Reports Record Sales

VILLA PARK, CA / ACCESSWIRE / July 21, 2016 / Service Team, Inc. (OTC Pink: SVTE, "Service Team") is pleased to announce the filing of its quarterly report for the period ending May 31, 2016.

The Company achieved record sales of $947,796 for the quarter ending 5-31-2016 compared with $664,454 for the same quarter last year. We look forward to continued growth throughout the year.

Robert Cashman, President of Service Team stated: "I am pleased to announce that we have completed the acquisition of MCV Companies, Inc. ("MCV"). MCV will become a wholly owned subsidiary of Service Team, Inc. The acquisition was funded with a combination of cash and stock. This is the first of several acquisitions that Service Team, Inc. is currently negotiating."

Service Team will report combined revenues of approximately $5,000,000 in its financial statements for its fiscal year ended 8-31-2016, compared to gross revenues of $2,611,766 for its fiscal year ended 8.31.2015.

https://finance.yahoo.com/news/team-completes-purchase-mcv-companies-212400784.html