VMC Motherboard UNDER $0.25

[10 bagger]

TEXC.. $0.13.. This is Huge news because it also funds the second well..hank

TexCom Announces Debt Refinancing

HOUSTON, TX - (Marketwire) – December 4, 2012 - TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"), an environmental services company serving the oil and gas industry, today announced that it has entered into two loan agreements with Green Bank of Houston, Texas, the first being a $7.4 Million Term Loan and the second, a $2 Million Revolving Line of Credit facility.

With these new loans in place, TexCom, Inc. will retire all existing loans to the Company as well as its subsidiaries, M.B. Environmental Services, LLC and Eagle Ford Environmental Services, LLC.

“The refinancing of our debt represents a significant achievement for TexCom, Inc.” announced Bob May, CEO and President. “Our average cost of funds has been reduced by more than 10 percentage points which will reduce our interest expense by nearly $600,000 per year. We have also been able to extend debt maturities to better match our long lived assets. Further, we have secured the necessary financing to drill and equip a second disposal well at our disposal site in Atascosa County, Texas operated by Eagle Ford Environmental Services, LLC. We expect to drill this well in the first quarter of 2013. Fourth quarter results will be impaired by the expensing of approximately $465,000 of unamortized loan costs and prepayment penalties. Approximately $600,000 of costs associated with the new loans will be amortized over the life of the loans. With our financing secure, we can now focus on operational efficiencies and other strategic initiatives.”WoodRock & Co., a Houston-based investment banking firm, acted as a financial advisor to TexCom, Inc. on these transactions.
About TexCom, Inc. TexCom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry.

For more information, please visit www.texcomresources.com.