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SOURCE Here To Serve Holding Corp.,
Completes Purchase Agreement for its First Solid Waste Management Acquisition
ALPHARETTA, Georgia, January 6, 2014 /PRNewswire/ --
Here To Serve Holding Corp. (OTCQB: HTSC), a holding company developing a Waste Division, specialized in solid waste management and environmental services and currently a software development company, today announces it has signed the definitive agreement to purchase its platform waste management company. The waste management company located in the Midwest will add over $10.5M in annual revenues along with over $2.75M in positive EBITDA. This is a major step toward the vision of Jeffrey Cosman, CEO of Here To Serve Holding Corp. The anticipated final closing of the waste management company will happen no later than mid February 2014, at which time HTSC will disclose more information about the transaction and the waste management company.
Jeffrey Cosman, CEO of Here To Serve Holding Corp., stated, "Our platform waste management company is a remarkable company. The partnership and management team are one of the best in the business and I am thankful for their active participation in drafting and executing the purchase agreement. In addition, each partner sees the vision of HTSC and will participate in long term consulting agreements in order to assist HTSC in ownership transition and future growth of the company." "My goal is to have revenues in our Waste Division between $35M and $50M by the end of June 2014. We have identified several acquisition targets and are in process of negotiating with them in an attempt to close them in the next 90 days, which will get us close to the $35M revenue target," said Cosman.
MISSION OF HERE TO SERVE HOLDING CORP - WASTE DIVISION:
The mission of Here To Serve Holding Corp is to bring back the culture of entrepreneurship BFI (Browning-Ferris Industries) had cultivated in the marketplace in the 1970's and through the early 1990's. Mr. Cosman's father, Jim Cosman, Sr. had a Hall of Fame career at BFI and later helped to develop the early culture of Republic Services as President and COO, when it too was fast growing. Going forward, HTSC looks to partner with experienced haulers, wanting to participate in a dynamic growth company and who want to remain with the company to realize their local vision going forward. We expect building this company in a vibrant, aggressive culture will attract many opportunities for owners to financially exit their companies while staying on to realize the growth of exponential shareholder value they cannot realize as a private company nor selling to the industry leaders.
ACCOMPLISHMENTS OF HERE TO SERVE HOLDING CORP SINCE SEPTEMBER 5, 2013:
On April 2, 2013, the U.S. Securities and Exchange Commission issued guidance permitting companies to use social media sites including Facebook Inc. (FB) and Twitter Inc. to communicate company announcements HTSC encourages the investment community to follow all HTSC developments as it starts its practice of releasing news and other financial and product updates on its Facebook page at https://www.facebook.com/pages/Here-To-Serve-Holding-Corp/476655635785601?fref=ts as well as its Twitter feed at https://twitter.com/htshc.
ABOUT HERE TO SERVE HOLDING CORP. Here To Serve is a holding company building a division in the solid waste industry, as well as an existing Software as a Service (SaaS) developer whose platforms create mobile and cloud based applications for industries ranging from law enforcement and municipalities. Here To Serve Holding Corps' technology products include: Interactive Defense SystemTM, for law enforcement and other municipal departments and cConnectsTM, for efficient communication and fleet/asset management using mobile and web based portals.
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