Dallas/Fort Worth, TX (PRWEB) January 16, 2008
Joseph LoConti | Michael DeGroote: Republic Environmental Systems Inc. said yesterday that it had agreed to sell a majority stake to the Alliance Holding Corporation, which is to contribute its Century Surety Group in exchange for 7.5 million new Republic common shares and options to buy 2.1 million more. Republic's chief executive, Michael G. DeGroote, and H. Wayne Huizenga will each invest $5.25 million, receiving one million newly issued common shares apiece and options to buy up to three million more.
Republic, a waste cleanup company in Blue Bell, Pa., said it would move its headquarters to Cleveland, where Century is based. Alliance Holding is controlled by a group that includes Joseph E. LoConti, a director of Republic. Mr. Huizenga, chief executive of Republic Industries, does not currently have a stake in Republic Environmental, which was spun off by Republic Industries last year. Republic Environmental shares rose $5.375 yesterday, to $10, in Nasdaq trading.
For information please visit: JosephLoConti.com, thank you.
RECENT NEWS - Joseph LoConti teams up with CollegeFitness.com, The World's Fittest Social Network. CollegeFitness.com is an emerging social network for college students around the World. Company Founder, Brent Skoda said they plan to release the social network during the Fall of 2008. Search CollegeFitness.com on YouTube to view a quick promotional video. The Company reported that they will be releasing a series of new promotional videos in the weeks to come. Search CollegeFitness.com on YouTube to watch for the Company's new promotional videos.
For more information please visit: http://www.CollegeFitness.com , thank you.