Arcis Resources Corporation (OTC:ARCS) announced today that it has entered into a Exchange Agreement to acquire all the member interests of American Plant Services, LLC ("APS") and all of the shares of Mobile Fluid Recovery, Inc. ("MFR"). Arcis Resources has a last recorded share price of $0.25 per share and is very lightly traded, according to Yahoo Finance.Upon close of this transaction, APS and MFR will become wholly owned business units of Arcis Resources Corporation.
MFR's operations will provide three revenue streams for Arcis. First, MFR receives a service fee for reclaiming the free liquids and recycling the customer's absorbents, which may be re-used 5-15 times depending on the material type. Second, MFR sells absorbents, wipes, and rags to its customers to replace their absorbents that are no longer recyclable. Lastly, MFR will sell the reclaimed "free liquids," which typically are composed of solvents or distillates, as a beneficial reuse product via Arcis Energy's distribution and logistics business unit.
Arcis Resources anticipates closing the transaction on or before April 30, 2011.
American Plant Services, LLC, an Alabama limited liability company ("APS") is headquartered in Birmingham, AL with operations in Alabama, Utah, Georgia, and Virginia.
Mobile Fluid Recovery is an Ohio corporation ("MFR") headquartered in Birmingham, AL with operations in Ohio and Alabama.
For more information visit the company’s Web site: http://www.arcisresources.com/.
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