NATIONAL ENERGY SERVICES ANNOUNCES MAJOR NEW ORDER TO GOLDEN LIVING SKILLED NURSING FACILITIES
Annual Savings of $1 Million Expected from Installation of Ozone Laundry System-

EGG HARBOR TOWNSHIP, NEW JERSEY—February 14, 2007 --National Energy Services Company, Inc. (OTC: NEGS), helps long term care, hospitality; commercial and industrial facilities reduce energy costs through its customized cost effective products and management services, announced a 30 facility order for it’s Ozone Laundry System from Golden Living skilled nursing facilities.

Golden Living is a top US nursing home operator with more than 350 skilled nursing facilities and assisted-living centers nationally. Golden Living was a participant in the Company’s recent case studies which demonstrated a ROI of 12-20 months and significant additional benefits for linen maintenance.

Adam Whitehill, Vice President of Finance, Golden Living - Division 4 commented on its choice of National Energy as its energy conservation provider, “NEGS knowledge and expertise has helped increase our customer satisfaction around our linen outcomes, educated our staff on energy savings, and enhanced our bottom line performance. The Ozone Laundry System is good for both our business and the environment. It is in line with our growing commitment to make our nursing homes a more comfortable and inviting place to live. NEGS has become a value added partner in both our current and future success.”

NEGS president John Grillo said, “We are pleased to expand our business relationship with Golden Living, an innovator in energy conservation in the skilled nursing industry. This new purchase order, coming on the heels of a record first quarter for fiscal 2007, is testament to our growing success, reliability and market penetration.” In addition to the 30 new orders, NEGS has installed 70 Ozone Laundry Systems at Golden Living facilities over the past year and half.  According to Mr. Whitehill’s estimates “Once this phase of Ozone Laundry Systems is installed we can expect annual savings of over 1 million dollars.”
 
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 the energy they use 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
212-616-6161
info@vmwcom.com

 

 

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