Matt_Chart - Favorite Technical Analysis Charts

[fast.money]

Enviro-Serv, Inc. (EVSV) Confirms Current Capital Structure

The Company currently has 887,084,477 common shares outstanding of which 800,492,186 (90%) are restricted. Of the restricted shares, the majority are held by insider long term holders with no intent on selling the stock at this time or the foreseeable future.

"We have opened a new page for Enviro-Serv and are working aggressively to bring value to our shareholders. We are in the process of working on a revised capital structure that decreases our outstanding share count and optimizes market potential. In addition to retiring shares, we are considering implementing a stock repurchase program as we believe that our stock is severely undervalued at current market levels. Management is not and will not sell stock into the market at this time or the foreseeable future. No stock holder has a more vested interest than me in creating shareholder value and selling my stock directly defeats that goal. I am extremely excited about this new business plan and the most recent announcements made to the public over the past 30 days and will do everything in our power to educate shareholders and potential investors on the forward progress we are making with our new business strategy," stated Christoph A. Trina, Chairman and CEO of Enviro-Serv, Inc.

Read the full PR at http://finance.yahoo.com/news/enviro-serv-inc-evsv-confirms-110000206.html