HOUSTON, Nov. 19, 2014 /PRNewswire/ -- Texcom, Inc. (OTC Pink: TEXC)(the "Company" or "Texcom"), an environmental services company serving the oil and gas industry, today announced that it has engaged Parthenon EY, a business unit of Ernst & Young LLP, to perform an assessment of the US and international NORM (Naturally Occurring Radioactive Materials) markets and to assist the Company in determining the most attractive market segments and market regions to pursue growth opportunities.
"Since the formation of Texcom Environmental Services, LLC in July, 2013, we have provided NORM consulting and remediation services to major and independent oil and gas companies and pipeline companies," stated Bob May, President of the Company. "This segment has provided 26% of our revenues and 22% of our operating income for the first nine months of 2014. We believe there is potential for significant growth in this segment of our business and we are prepared to make the necessary investment to achieve this growth. We are excited to work with Parthenon EY to better define the opportunities and strategies."
About TexCom, Inc.
Texcom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil and gas industry. For more information, please visit www.texcomresources.com.
Forward-Looking Statements
This press release and the presentation referenced above may contain forward-looking statements, including information about management's view of Texcom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release or such presentation other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Texcom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Texcom's future results. The forward-looking statements included in this press release and the presentation are made only as of the date hereof. Texcom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Texcom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Texcom.
SOURCE Texcom, Inc.
Related Links
http://www.texcomresources.com
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