• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

National Energy Services Announces $230,000 Order for Its Ozone Laundry System

Posted on: Wednesday, 16 July 2008, 12:01 CDT

EGG HARBOR TOWNSHIP, N.J., July 16 /PRNewswire-FirstCall/ -- National Energy Services Company, Inc. (BULLETIN BOARD: NEGS) , today announced new orders for its Ozone Laundry System (OLS) totaling approximately $230,000. National Energy Services Company helps long-term care, hospitality, commercial and industrial facilities reduce energy costs through its customized cost effective products and services.

Golden Living, a repeat NEGS customer and respected operator of over 350 skilled nursing facilities in the United States, has ordered 12 additional installations of the Ozone Laundry System. Golden Living participated in the Company's initial OLS case studies that demonstrated an attractive ROI and significant benefits to linen maintenance. With this new order, nearly half of all Golden Living facilities will have Ozone Laundry Systems installed.

Adam Whitehill, Vice President of Finance, Golden Living Division 4 said, "The Ozone Laundry System has been helping us improve our bottom line performance since 2005. Installing 30 additional OLS' in February 2007 delivered an annual savings of approximately $1 million. With natural gas prices at an all time high, the ROI has become even more rapid and appealing."

"Golden Living has been a leader in energy conservation and in taking advantage of the efficiencies available to them. One of the nice things about OLS is that it provides a way to cut cost and reduce the carbon footprint significantly without compromising service or quality," commented NEGS president John Grillo.

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 212-616-6161 info@vmwcom.com NESC Website: http://www.nescorporation.com/

National Energy Services Company, Inc.

CONTACT: Vicki Weiner of VMW Corporate & Investor Relations,+1-212-616-6161, info@vmwcom.com for National Energy Services Company, Inc.

Web site: http://www.nescorporation.com/

Source: PRNewswire-FirstCall

More News in this Category