GROWTH TO ACQUIRE U.S. ENVIRONMENTAL CONSULTING, INC.
WESTMONT, Ill., Jan. 14 /PRNewswire/ -- Growth Environmental, Inc. (OTC) announced today that it has signed a Letter of Intent providing for an exchange of common stock for all of the outstanding stock of U.S. Environmental Consulting, Inc. (USEC), of Novi, Mich., subject to, among other things the execution of a definitive acquisition agreement, completion of due diligence procedures, and the approval of the respective boards of directors. The transaction is expected to be completed early in the first quarter of 1993. USEC provides in-depth environmental and occupational health services, including consulting, engineering, project management and testing for industrial and commercial clients. The company's historic focus has primarily comprised the Midwest region with operating offices in Illinois, Indiana, Michigan and Ohio. Coincidental with the consummation of this transaction, Alvin K. Eaton, founder and former president and director of The Brand Companies, Inc., will become the CEO of Growth Environmental, Inc. Growth presently has a controlling interest in Quality Analytical labs, Inc. (Lisle, Ill.), which provides comprehensive laboratory analyses to the environmental marketplace. The strategic objectives of Growth include broad expansion of its environmental holdings and service base through acquisition and internal growth. -0- 1/14/93 /CONTACT: David B. Schuurman, president of Growth Environmental, 708-655-8828 or 708-512-0061/
CO: Growth Environmental, Inc. ST: Illinois IN: SU:
AL -- MN009 -- 4793 01/14/93 10:36 EST
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|Date:||Jan 14, 1993|
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