TexCom Announces Sale
HOUSTON, TX – (Marketwire) – April 18, 2014 – TexCom, Inc. (OTC Pink: TEXC)(the “Company” or “TexCom”), an environmental services company serving the oil and gas industry, today announced the sale of substantially all of the assets of MB Environmental Services, LLC (“MBES”) for $15.8 million. TexCom owns 83.2% of MBES and will realize approximately $11 million from the sale, after income taxes. TexCom has also retained the working capital associated with MBES, which should provide up to an additional $500,000 for the Company. The proceeds will be used to retire debt and fund the acquisition of other properties.