Service Team Inc (SVTE)

[GMONEY4]

Nice news. Jul 05, 2017 (ACCESSWIRE via COMTEX) -- VILLA PARK, CA / ACCESSWIRE / July 5, 2017 / Robert L. Cashman, President of Service Team, Inc. (otc pink:SVTE) announced that Service Team Inc. has purchased the assets of an operating machine shop. This includes two lathes, two Bridgeport mills, two band saws, a belt sander, grinders and other miscellaneous machines. The lathes and mills come complete with extensive tooling. Also included in this purchase is a scissors lift and a forklift as well as various office furniture.

This acquisition will allow Service Team, Inc. to increase its production capacity. The Company anticipates sales of $3,415,000 by its fiscal year end August 31, 2017. This compares with sales of $2,611,766 in fiscal year 2016, an increase of (24%) twenty-four percent.

http://www.marketwatch.com/story/service-team-inc-expands-production-capacity-2017-07-05?mod=mw_share_twitter