PALM SPRINGS, Calif., July 10, 2007 (PRIME NEWSWIRE) -- Environmental Service Professionals, Inc. (OTCBB:EVSP) (ESP) today announced an agreement to acquire Advanced Roofing Solutions, Inc., as part of its growth through acquisition strategy. The acquisition and its terms will be subject to various customary closing conditions and is expected to close on or around July 31, 2007 for 100% of the outstanding stock of Advanced Roofing Solutions, Inc.
"The acquisition of Advanced Roofing Solutions, Inc. (ARS) will enable ESP to expand it's services on a national level as well introduce our Certified Environmental Home Inspector (CEHI) program to the Home Warranty Insurance Industry. This strategic division will allow the synergy between ARS and other ESP divisions to improve inspection services and at the same time offer other environmental services to the Home Warranty Insurance Industry at a reduced cost," said Ed Torres, Chairman and CEO of Environmental Service Professionals, Inc. "Advanced Roofing Solutions, Inc. has created a unique opportunity for itself and its clients by agreeing to join the ESP family of companies and services. Simply put, our clients and our partners will be better served as we offer a turn-key moisture management solution," stated Eduardo Guerra, President of Advanced Roofing Solutions, Inc. "The benefits of bringing these two companies together to create a leading national inspection company will enable us to solve the concerns of many homeowners and real estate professionals. We are all looking forward to a successful close with ESP," echoed Marco Guerra, CEO of Advanced Roofing Solution, Inc.
About Advanced Roofing Solution, Inc. (ARS)
Advanced Roofing Solutions (ARS) is a full-service leak repair and roof maintenance company. ARS focuses on high-quality service, providing proven solutions that consistently increase return on rooftop investments. Over the years, ARS has diligently studied each aspect of its trade to improve upon quality of service and customer care. Today, ARS is a premier provider of professional repair and maintenance alternatives to re-roof installations. ARS operates in Los Angeles, California and in Phoenix, Arizona. ARS provides high-quality services for home-owners, commercial property owners, home warranty companies, insurance companies and real estate professionals. For more information, visit the Company's website at www.advancedroofingsolutions.net.
About Environmental Service Professionals, Inc.
Environmental Service Professionals, Inc. ("EVSP") is a Nevada corporation headquartered in Southern California. ESP's strategy is to continue acquiring businesses that have complementary goals for dealing with environmental issues and resolving environmentally sensitive problems. ESP has already completed two acquisitions and is in various stages of discussion and/or negotiations with other companies that management believes are operationally and economically suitable for the ESP growth model. The current acquisition candidates, if acquired and once completed, will include some that will remain free-standing subsidiaries and others that will be absorbed into existing operations.
Since 1996, ESP's inspection division has offered environmental 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 division has offices in various regions of North America that are independently owned and operated.
ESP's strategy, in-part, contemplates a new method of service delivery: the Certified Environmental Home Inspector Program ("CEHI"). ESP will continue to refine and implement both the Annual Mold and Moisture Maintenance ("MMM") and the National Builder's Mold and Moisture ("NBMM") subscription-based maintenance programs including all related products and services. ESP intends to provide Peace of Mind to the consumer for their Family, for their Home and for their Health.
For more information, please 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 and services may not have adequate capital to execute its business plan or make important business acquisitions in order to grow, the lack of market demand for any new or enhanced products and services the Company may develop, any actions by the Company or its 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 expressed in this press release. The Company disclaims any obligation to update any statements in this press release.