- Demand Continues for Ozone Laundry and Energy Efficient Lighting Upgrades
EGG HARBOR TOWNSHIP, N.J., Oct. 9 /PRNewswire-FirstCall/ -- National Energy Services Company, Inc. (OTC Bulletin Board: NEGS), today announced new orders in excess of $444,000 for its Ozone Laundry System (OLS) and Energy Efficient Lighting Upgrades. Golden Living skilled nursing facilities in Indiana and California will receive the OLS and a Cathedral Rock skilled nursing facility in New Mexico will receive both the OLS and a lighting upgrade. National Energy Services helps long term care, hospitality, commercial and industrial facilities reduce energy costs through its customized cost effective products and management services.
NEGS president John Grillo said, "We are always pleased to do business with repeat customers. Fostering good relationships is vital to our business. In addition to these repeat customers, we have also recently opened new markets and have completed a successful test of our Ozone Laundry System in a major hotel chain. As we approach our fiscal year end of October 31, 2007, we already have a substantial pipeline of orders to be booked in the first quarter of fiscal 2008."
Golden Living is a top US nursing home operator with more than 350 skilled nursing facilities and assisted-living centers nationally. Over the past two years NEGS has installed its Ozone Laundry System in approximately 25% of all Golden Living facilities. Cathedral Rock is a senior housing operator that manages more than 15 skilled nursing and assisted living facilities nationally. This new order will be Cathedral's third OLS installation and the second Lighting Upgrade installation.
About National Energy Services Company, Inc.:
National Energy Services Company is engaged in the business of providing state-of-the-art, comprehensive and cost-driven energy products and management aimed at lowering energy consumption and helping its customers buy energy more efficiently. Our services are designed to bring our customer minimal or no out of pocket cost. Our services include the Ozone Laundry System (OLS), Lighting Upgrades, Mechanical Systems (HVAC), Water/Sewer Conservation Methods and Energy Management. These aggregated energy management services are primarily marketed to commercial, industrial, hospitality and long term care facilities.
This release may contain projections or other forward-looking statements regarding future events or the future financial performance of National Energy Services Company. These statements are only predictions and reflect the current beliefs and expectations of National Energy Services Company. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation, (i) National Energy Services Company's unproven business model and limited operating history, (ii) National Energy Services Company's history of losses, (iii) the significant fluctuation to which National Energy Services Company's quarterly revenues and operating results are subject, (iv) other factors detailed in documents National Energy Services Company files from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Contact: Vicki Weiner
VMW Corporate & Investor Relations
|SOURCE National Energy Services Company, Inc.|
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