PALM SPRINGS, Calif., March 7, 2007 (PRIME NEWSWIRE) -- Environmental Service Professionals, Inc. (OTCBB:EVSP) today announced that the company is relisted on the OTC Bulletin Board with the sponsorship of Park Financial Group.
"The importance of establishing a solid foundation in order to build a national company and to provide the necessary building blocks to achieve many opportunities in our emerging industry has been achieved and this event represents a significant milestone in our business plan," said Ed Torres, Chairman and CEO of ESP. "We now have the proper foundation to move aggressively and pursue selected acquisitions, strategic alliances, and expansion of the company's marketing program to release new products."
About Environmental Service Professionals, Inc.
Environmental Service Professionals, Inc. ("ESP") is a California-based, Nevada Corporation. ESP is the first company in this industry sector to become a publicly traded company. It is traded under the stock symbol of EVSP.
Since 2002, Pacific Environmental Sampling, Inc., Environmental Service Professionals, Inc.'s (ESP) main division has offered franchised inspection services for addressing mold and moisture intrusion that can have an acute or chronic negative impact on the indoor air quality of commercial and residential buildings. The Company meets federal and specific state requirements as a highly regulated franchisor of environmental service companies. The franchises, offered throughout North America, are independently owned and operated. Pacific Environmental Sampling also provides services directly to builders and homeowners through subscription-based maintenance programs.
The Company (ESP) has recently embarked on a strategy to acquire a number of businesses that have stated goals for dealing with environmental issues and resolving environmentally sensitive problems. The Company is in various stages of discussion with several companies that are a good operational and economic fit. The current acquisition candidates include some that will be free-standing subsidiaries and others that will be absorbed into existing operations, if they are acquired.
With a goal of maximizing revenue growth while establishing long-term market value, ESP is targeting the acquisition of several complementary service companies. For more information visit www.espusa.net.
Safe Harbor
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.