Texcom Announces Annual Results and Discusses Current Operations

HOUSTON, May 11, 2015 /PRNewswire/ Texcom, Inc. (OTC Pink: TEXC) (the Company or Texcom ), an environmental services company serving the oil and gas industry, today announced its financial results for 2014 and discussed 2014 achievements and the current status of its operations. We completed a number of strategic transactions in 2014 that have given the Company a very clean balance sheet and the ability to focus on core operations and growth, stated Bob May, CEO. Among the major achievements during the year were the following: Sale of the assets of MB Environmental Services, LLC and the elimination of difficult contractual restrictions Acquisition of two salt water disposal wells in Arkansas using Company stock to pay over 50% of the acquisition price Changes to the capital structure of the Company by elimination of the Company s outstanding preferred stock through payment of all accrued dividends, conversion of the preferred stock into shares of common stock, and implementation
http://bit.ly/1K1MnZC

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: