General Environmental Management, Inc. Announces First Quarter 2008 Results

General Environmental Management, Inc. ("GEM") (OTCBB: GEVI), a leading environmental and waste remediation company, today announced financial results for the first quarter ended March 31, 2008.

"The results for the first quarter of 2008 provide the second consecutive quarter of continued improvements over the same previous year periods. GEM's performance in the 1st quarter of 2008 exceeded our forecasts. We continue to be on target for a positive adjusted EBITDA in 2008," stated Tim Koziol, chairman and CEO of GEM.

He also stated, "Our first quarter has historically been our slowest because of cyclical weather conditions. Further, we were not expecting any revenue expansion because of the current economic slow down that is affecting our country. Notwithstanding, we were able to increase our revenue by 10% over the same period in 2007. We have accomplished this revenue expansion by capitalizing on market opportunities, by acquiring new customers in a price-sensitive market, and by promoting service, safety, and innovation."

Fiscal First Quarter 2008 compared to the same quarter in 2007:

HIGHLIGHTS

--  Revenues for the first quarter of fiscal 2008 were $6.95 million, up
    10% from $6.32 million for the first quarter of fiscal 2007.

--  Adjusted EBITDA (see description below) was a loss of $85,114 for the
    first quarter of 2008 compared to a loss of $827,605 for the same period in
    2007 for a positive change of $742,491.

--  Operating expenses, excluding non-cash expenses in March 2007 related
    to issuance of warrants and common shares for services, were reduced
    significantly by $922,822.
    

OUTLOOK

"We continue to expect revenue growth and greater financial efficiencies leading to our goal of positive adjusted EBITDA for 2008. The growth we are experiencing supports our customer-first policy," concluded Koziol.

About General Environmental Management, Inc.

General Environmental Management, Inc. ( www.go-gem.com ) is a full-service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare, including the following service offerings: management and transportation of waste; design and management of on-site waste treatment systems; management of large remediation projects; response to environmental incidents and spills; and environmental, health and safety compliance. Headquartered in Pomona, California, GEM operates seven field service locations and one Treatment, Storage, Disposal facility (TSDF), servicing all markets in the Western U.S.

Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations and beliefs of the management of GEM. No forward-looking statement can be guaranteed. GEM undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect GEM's business.