COMMERCE CITY, CO--(Marketwire - June 12, 2008) - Strategic Environmental & Energy
Resources, Inc. (SEER) (
PINKSHEETS:
SENR), a leading provider of
technology-based industrial services in the environmental, energy and rail
transportation sectors, today announced significant progress toward
finalizing in the current third quarter its 2007 and 2006 audited financial
statements and becoming a fully reporting company late in 2008.
J John Combs III, president and CEO of SEER, said, "We are committed to
concluding our audits in a timely manner and transitioning to
fully reporting status late this year as a means of providing investors
with complete information and qualifying the Company's stock for listing on
a national securities exchange. Accordingly, we have engaged GHP Horwath,
P.C., a prominent Colorado-based accounting firm as SEER's PCAOB registered
independent accounting firm. We have also retained Dieterich & Mazarei, a
Los Angeles-based law firm that specializes in securities law and will
oversee the SEC filing process in conjunction with our internal accounting
team."
On January 22, 2008, SEER announced the acquisition of REGS, LLC, a leading
provider of technology-based industrial services, and Tactical Cleaning
Company, LLC, a dedicated fixed and mobile railcar and tanker truck
cleaning company. Because both were privately held Colorado limited
liability companies, SEER is required to complete two years of audited
financial statements for each company in order to achieve fully reporting
status under guidelines established by the SEC.
Combs said the Company intends to release its audited financial statements
once both years are completed and thereafter begin reporting quarterly and
year-to-date financial results in conformance with standard public company
reporting practices and deadlines.
"We are very pleased with our progress toward these important reporting
milestones and look forward to informing our stockholders regarding our
financial and operating results, as well as the progress we have made
toward our organic growth objectives since we completed our acquisitions in
January of this year," Combs said. "Both the domestic and international
environmental and energy industries offer tremendous growth opportunities
and we believe we are well positioned both in terms of our expanding
geographic footprint and services portfolio to take advantage of these
opportunities."
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. is a leading provider of
technology-based industrial services in the environmental, energy, and rail
transportation sectors. The Company has two operating subsidiaries: REGS,
LLC (d/b/a Resource Environmental Group Services), which provide industrial
services to companies in the petroleum, industrial, manufacturing, and
medical industries as well as to university, government and environmental
consulting sectors; and Tactical Cleaning Company, LLC, a dedicated fixed
and mobile railcar and tanker truck cleaning company with operations in
Colorado, Nebraska, Pennsylvania and Oklahoma, with immediate plans to
expand into additional states. Together, REGS and Tactical Cleaning
provide industrial and tank cleaning services, hydroblasting services,
environmental construction services, management and transportation of
industrial wastes, railcar and tanker truck cleaning, sludge dewatering
services, and general environmental and waste management services.
For more information, go to:
http://www.seer-corp.com
http://regsindustrial.com
This press release contains "forward-looking statements" within the meaning
of various provisions of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, commonly identified by such terms
as "believes," "looking ahead," "anticipates," "estimates" and other terms
with similar meaning. Specifically, statements about growth objectives,
meeting reporting deadlines and requirements, potential stock exchange
listing, and efficacy of our services are
forward-looking statements. Although the company believes that the
assumptions upon which its
forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct. Such
forward-looking statements should not be construed as fact. The information
contained in such statements is beyond the ability of the Company to
control, and in many cases the Company cannot predict what factors would
cause results to differ materially from those indicated in such statements.
All forward-looking statements in the press release are expressly qualified
by these cautionary statements and by reference to the underlying
assumptions.
Contact Information: Contacts:
Company Contact:
J John Combs III
President
Strategic Environmental & Energy Resources, Inc.
303-295-6297
Investor Relations Contact:
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303-393-7044