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:
- Reduced the authorized shares from 3,002,000,000 to 402,000,000
which is an 86% reduction
- Eliminated roughly $460,000 worth
of debt owed to the former CEO
- Acquired cConnects and cDetails platforms from COVI Point,
LLC
- Have 6 programmers working to complete IDS and cConnects for
demo in January 2014
- Signed an NDA with a $35 billion
dollar company to discuss and conduct due diligence on
cConnects
- Filed all delinquent past quarterly reports with OTC
Markets
- Filed all annual financial reports with OTC Markets
- Brought OTC Market status up from "Stop Sign" to "Yield Sign"
and to "OTC Pink Current Information".
- Negotiated and eliminated warrants due to a major shareholder,
which may have resulted in the issuance of hundreds of millions of
shares. This action significantly reduced its potential
dilutive liabilities.
- Completed two-year audit as of September
30, 2013.
- Filed Form 10 with the SEC in December
2013 and awaiting comments back, in order to be a Fully
Reporting Entity
- Have increased the stock price from $0.007 to $0.175
(1/3/2014 close).
- Working to solidify 3 outside Directors to join Jeffrey Cosman, Chairman - CEO on the
board.
- Negotiating with several additional waste acquisitions, which
could close in the next 90 days.
- Negotiating with another company to build an additional
Division in HTSC, which would then be used as a national expansion
platform in a fragmented industry.
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.
Follow us on Twitter: http://twitter.com/htshc
Forward-Looking Statements
Comments are based on current
management expectations, and are considered "forward-looking
statements," generally preceded by words such as "plans,"
"expects," "believes," "anticipates," or "intends." We cannot
promise future returns. Our statements reflect our best judgment at
the time they are issued, and we disclaim any obligation to update
forward-looking statements as the result of new information or
future events. We urge investors to review the risks and
uncertainties within its filings with the OTC Markets and/or
Securities and Exchange Commission.
Contact:
Jeff Cosman
+1-(678)871-7457
ir@htsc.com
SOURCE Here To Serve Holding Corp.,