Service Team Inc (SVTE)

[_momoney]

https://globenewswire.com/news-release/2017/12/27/1274872/0/en/Uptick-Newswire-Stock-Day-Interviews-CEO-of-Service-Team-on-the-Growth-Opportunities-in-the-Automotive-Industry.html

PHOENIX, Dec. 27, 2017 (GLOBE NEWSWIRE) -- Uptick Newswire is the sole producer of the Uptick Network “Stock Day” Podcast and after airing back in January 2016 CEO and host Everett Jolly has interviewed hundreds of CEOs within the micro-cap publicly traded sector of the market bringing important updates to the investor community. Everett Jolly introduces the new Company with an informative introduction, “On today’s show I’m bringing you a brand new Company and they are just absolutely crushing it. Again, this is a real company with real product’s, they did 3.6 million in the fiscal year of 2017 and about 600k more than they did in 2016.” Stock Day welcomes Robert Cashman, CEO of Service Team, Inc. (OTCPink:SVTE) (the “Company”) who elaborates on his past business experience catching up the listeners on his established background that gives the Company a qualified CEO.

Mr. Jolly asks the question of how he has been able to maintain the 20% growth over the last 4 years and Mr. Cashman gives a detailed response on the Company’s unique transition of modifying trucks, the niche market that the Company is in with refrigerated trucks and the demographic demand that has been growing as of recently. He continues by discussing the growth in this niche market and the minimal competitors within the industry.

Mr. Jolly asks the question, “How do you see 2018 shaping up and what are your thoughts on that fiscal year?” Mr. Cashman answers with a strong statement, “I am changing the way that we are financing the Company. I have been financing it with convertible debt. I have the assets now and the funding I need to operate without it so we are not taking on any more convertible debt. We are hoping that will all wear off in the next thirty to sixty days and probably in seventy five days it will all be converted out and gone. I look at next year as about a 4 million dollar year in sales, growth of a half million from last year. I look for profit this year because our one time charges are used up and I look for substantial profit and hopefully we can use that to our advantage in a lot of areas.”

Finishing off the interview, Mr. Jolly talks about the Company’s large amount of stock in the market and Mr. Cashman touches upon his plan for the downsizing this side of the Company and convertible notes.

To listen to the full interview please click here or the following link: https://upticknewswire.com/featured-interview-president-robert-cashman-of-service-team-inc-otcpink-svte