WEGI in North Carolina
Windswept Environmental Group Announces the Acquisition of North Carolina Restoration Firm
PR Newswire
8:36 AM ET
Windswept Environmental Group, Inc. (OTC Bulletin Board: WEGI.OB) is pleased to announce that it has acquired Environmental Restoration of North Carolina, through both the purchase of certain assets and assumption of certain liabilities. Environmental Restoration has locations in Greensboro and Wilmington, North Carolina, and has been providing disaster recovery and reconstruction services for fourteen years. In addition to their Disaster Recovery and Reconstruction Divisions, their Indoor Pollution Control Division specializes in the cleaning and decontamination of HVAC systems and associated ductwork. Environmental Restoration's name will remain the same, and the firm will become a fully-owned subsidiary of Windswept.
Michael O'Reilly, Chairman and CEO of Windswept, stated, "This acquisition works well with our current operations since it brings our Company into the Mid-Atlantic region with a well-seasoned and experienced management team and work force. We have previously worked with Environmental Restoration, where they were a subcontractor to our subsidiary Trade-Winds Environmental on restoration jobs in Mississippi, Texas and Louisiana."
Windswept Environmental Group, Inc. is a full service environmental company that provides a wide array of emergency response and disaster recovery services to a broad range of clients. The Company has expertise in areas of fire and flood clean-up, oil spill and natural resource response, wildlife rehabilitation, hazardous materials remediation, testing, toxicology, training, technical a dvisory and site renovation.
This press release includes certain forward looking statements about the Company that are based on management's current expectations. Actual results may differ materially as a result of any one or more of the risks identified in the Company's filings under the Securities Exchange Act of 1934. The risks include such factors as the Company's significant indebtedness, the amount of the Company's revenues, the Company's ability to increase its gross margins, the success of limiting or reducing its expenses, the frequency and magnitude of environmental disasters or disruptions, the effects of new laws or regulations relating to environmental remediation, the Company's ability to raise capital, the competitive environment within the Company's industry, d ependence of key personnel and economic conditions.
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