Americlean Closes Acquisition And Adds $14 Million In Annual Revenue.CHARLOTTE, N.C.--(BUSINESS WIRE)--March 3, 1999--Andrew Hromyk, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Americlean (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMCX), is pleased to announce the closing of the acquisition of Boggs & Company. Boggs & Company is a leading distributor of dry cleaning dry cleaning, process of cleaning fabrics without water. Special solvents and soaps are used so as not to harm fabrics and dyes that will not withstand the effects of ordinary soap and water. Dry cleaning began in France about the middle of the 19th cent. and laundry supplies and equipment headquartered in Charlotte, N.C., with branches in Jacksonville and St. Petersburg, Fla. Boggs & Company has a solid, established customer base of over 2,000 dry cleaners, laundries, hospitals, nursing homes, and hotels. Revenues for the 1998 fiscal year were $14 million. Boggs supplies the products consumed in the day-to-day operations of dry cleaners and commercial laundries and designs, installs and services dry cleaning and laundry plants. The addition of Americlean's hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. recycling services and products to Boggs' customer base will further diversify Boggs' existing revenue streams and reduce operating and distribution costs distribution costs distribute npl → Vertriebskosten pl . Americlean is pleased to have secured the continued services of existing senior management, who will continue to oversee the company's day-to-day operations as a wholly owned operating subsidiary of Americlean. The purchase of Boggs provides Americlean with a significant presence in the Southeastern US, one of the three largest markets in the $7 billion North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. dry cleaning industry. Americlean Inc. (OTC BB:AMCX) services the North American dry cleaning industry, a seven-billion-dollar annual market which has consistently grown an average rate of 10% each year. The Company has combined the manufacture and supply of dry cleaning products with hazardous waste services utilizing its proprietary recycling technology. Americlean's strategy is focused at consolidating this fragmented industry by supplying its products and services directly to the consumer. |
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