GROWTH ENVIRONMENTAL, INC.
WESTMONT, Ill., July 22 /PRNewswire/ -- Alvin K. Eaton, chief executive officer of Growth Environmental, Inc. ("GEI"), announced today the execution of a non-binding letter of intent providing for the acquisition of Radiation Technical Services, Inc. ("RTS"), of Baton Rouge, La. RTS provides radiation consulting services, including analytical testing and radiation regulation training. The company has additional offices in Houston, Texas and Long Beach, Calif. Eaton commented that "the planned acquisition of RTS represents another step forward in our strategy of growing our environmental consulting business primarily through acquisitions of profitable operating companies. Andrew Gross, president and founder of RTS, has assembled a team of international radiological specialists. We are very excited to be involved in this rapidly expanding area of the environmental industry." The acquisition is expected to be for a combination of cash and stock, but specific terms were not announced. Closing is subject to completion of customary due diligence and execution of a definitive agreement. -0- 7/22/93 /CONTACT: Alvin K. Eaton, 708-986-8522, Growth Environmental/
CO: Growth Environmental, Inc. ST: Illinois IN: ENV SU: TNM
DB -- MN026 -- 4837 07/22/93 17:55 EDT
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|Date:||Jul 22, 1993|
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