Nesco Industries, Inc. Announces the Appointment of Five New Members to Its Board of Directors


LANGHORNE, Penn., Jan. 13, 2005 (PRIMEZONE) -- Nesco Industries, Inc. (OTCBB:NESK) has announced the appointment of five additional members to its board of directors, bringing the total number of directors to seven. Joining existing directors Matthew Harriton and Richard Selinfreund, are the following new members, who shall serve as members of the Board until the next Annual Meeting, at which time they will stand for election, or until their respective successors are elected and qualified:

Joel S. Kanter -- Mr. Kanter is President of Windy City, Inc., a privately held investment firm. In that capacity and individually, Mr. Kanter is in the business of providing different forms of financing to small businesses.

Arlen Reynolds -- Arlen Reynolds is a private investor and a strategic advisor to healthcare companies. Mr. Reynolds is Chairman-Elect, Board of Directors of Brookwood Medical Center and currently serves on the President Council, Purdue University. Mr. Reynolds also currently serves as a Director of The Hawthorn Group, a Washington D.C. public affairs and marketing company. He was a Director of HealthMont, Inc., a rural hospital management company from 2000 to 2003, and was a Director of the Susan G. Komen Foundation, in Dallas, Texas from 1992 to 1994.

Gene Burleson -- Gene Burleson is an investor and advisor to healthcare companies. From January 2000 to June 2002, Mr. Burleson served as Chairman of the Board of Directors of Mariner Post- Acute Network Inc. an operator of long-term care facilities. Mr. Burleson also served as Chairman of the Board of Directors of Alterra Healthcare Inc. a developer and operator of assisted living facilities from 2002 to 2003 and is currently on the Board of Deckers Outdoor Corporation Inc.

Geoffrey Donaldson -- Geoffrey Donaldson has served as Chief Executive Officer of Sea Change Group, LLC, a private firm specializing in consumer package innovations, located in New York City since its inception in 1999. Prior to Sea Change Group, Mr. Donaldson was CEO and President of Asian American Partners, a manufacturer and marketer of better women's and children's sportswear lines and prior to that was worldwide Chairman of the Revlon Prestige Products Group, managing Revlon's licensed and limited distribution cosmetic and fragrance companies.

Wayne M. Celia -- Wayne Celia is the President of Dicon Technologies, a wholly owned subsidiary of Berkshire Hathaway Inc. He has held this position since 1997. Dicon was founded by Mr. Celia and acquired by Berkshire Hathaway in 1997. Mr. Celia is the author of a number of patents in the field of cosmetic household, medical and foot care.

FORWARD-LOOKING STATEMENTS

All statements other than statements of historical fact included in this release, including without limitation, statements regarding the marketability of the products discussed, financial position and business strategy of Nesco and HDS and plans and objectives of management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", "will", "could", "may", and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of, as well as assumptions made by and information currently available to, Nesco's and HDS' management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors, pricing pressures, capacity and supply constraints; market acceptance of new products and services; risks associated with the entry into new markets; and delays in product delivery. Such statements reflect management's views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to operations, and results of operations. Readers are cautioned not to place undue reliance on these forward-looking statements. Neither Nesco nor HDS undertakes any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.



            

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