On the day of my alert, GEVI announced a huge strategic shift.  It caught me by surprise, but obviously the market liked it.  Since then I have had a chance to get to know what they are doing and why.  The company has decided to make a shift in its business focus to hazardous waste field services to the fast-growing water treatment and waste-to-energy markets.

All of their press releases since that point have been associated with making the shift to what they believe will result in faster growth and greater profits for the company. They are in the process of changing their focus which includes an acquisition strategy that will enable the company to grow at an even faster pace.

Here is a short list of what they ave accomplished recently, I am sure you will be just as impressed as I am:

9-21-09 GEVI Signs Letter of Intent to Acquire Santa Clara Waste Water

A definitive letter of intent to acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. As one of the top 100 privately owned non-hazardous wastewater utilities in the U.S., SCWW has treated more than 2 billion gallons of wastewater.  The 9-30-09 PR stated that SCWW has over $8MM in “profitable annual revenues“.            Read full release Here

9-30-09 GEVI Reports Progress on Plan to Expand to Water Treatment and Waste-to-Energy Markets

Tim Koziol, GEM’s Chief Executive Officer updated shareholders on the company’s progress and said“  With this profitable business (SCWW) and the addition of GEM’s sales, marketing, operational and regulatory expertise, we believe that we can grow that business significantly in the coming years. In addition, we are actively pursuing two other complementary water treatment businesses that will give GEM even greater capacity to scale revenue.”                                                                                                                Read full release Here

10-5-09 GEVI Retains General Pacific Partners to Focus on Future Waste Water Acquisition Opportunities

GEM CEO Tim Koziol said. “We expect to close the….SCWW transaction by November 1, 2009 as part of GEM’s overall strategy to shift the focus of the business from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. GPP has been a long time financial sponsor of GEM and has the know-how and resources necessary to find and conduct diligence on complimentary wastewater management companies that can help accelerate GEM’s move into the wastewater industry.”            Read full release Here
10-5-09

10-16-09 LOI with Cake Energy, LLC to Create Joint Venture to Build and Operate Leading-Edge Waste-to-Energy Facilities in Western United States