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Best Energy Services Announces Changes to Executive Management Team and Board of Directors

Posted on: Monday, 20 October 2008, 09:00 CDT

HOUSTON, Oct. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Best Energy Services, Inc. (BULLETIN BOARD: BEYS) , a U.S. energy production equipment and services provider, today detailed changes in its executive management team designed to reduce general and administrative expenses so that the Company's capital resources may be better utilized in its business operations.

On October 13, 2008, Robert Sternenberg, a veteran C-level executive of many publicly held companies, joined Best Energy to serve as interim Chief Executive Officer succeeding Larry Hargrave, who had been the Company's Chairman, President and Chief Executive Officer since its inception in February of this year. Hargrave, who will remain a director of the Company, has also stepped down as Chairman of the Board. Mark Harrington, a current board member, was elected Best's new Chairman and fellow director Jim Byrd was named Vice Chairman.

In addition, Jim Carroll will no longer serve as the Company's Chief Financial Officer, but will remain on the Board of Directors. Consistent with Best's strategy to focus its capital resources on building its operations, Tony Bruce was named interim President. Bruce, a director of the Company, was the founder and Chairman of Best Well Services, Inc., the largest subsidiary of Best Energy acquired in February 2008.

Commenting on the management changes, Harrington stated, "Given the turmoil in the capital markets, the Board of Directors believes that it is critical that the Company focus on its core business operations in order to drive growth and profitability from its existing business units. In view of his proven track record of successfully building and managing our largest subsidiary, having Tony Bruce serve as our President is a tremendous benefit to Best Energy and its shareholders at this critical juncture. We believe that a renewed focus on our core business will guide Best to its full potential and greatly enhance the ability of the Company to deliver on its fundamental objectives."

About Best Energy Services, Inc.

Based in Houston, Texas, Best Energy Services, Inc. is a leading well service, drilling and ancillary services provider to the domestic oil, gas, water and mining industries. Through its subsidiaries, Best Well Service, Inc. and Bob Beeman Drilling Co., and its American Rig Housing operations, the Company is actively engaged in supporting the exploration, production and/or recovery of oil, gas, water and mineral resources in Arizona, Colorado, Kansas, New Mexico, Nevada, Oklahoma, Texas and Utah. For more information, please visit http://www.beysinc.com/.

Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel -- including highly qualified executives, management and operational personnel, ability to negotiate favorable current debt and future capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.

FOR MORE INFORMATION, PLEASE CONTACT Elite Financial Communications Group

Dodi B. Handy, President and CEO Media Inquiries: John Morrison or Tiffany Korkis, Directors, Elite Media Group

407-585-1080 or via email at BEYS@efcg.net

Best Energy Services, Inc.

CONTACT: John Morrison or Tiffany Korkis, Directors, Elite Media Group,+1-407-585-1080, BEYS@efcg.net, for Best Energy Services, Inc.

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

Source: PRNewswire-FirstCall

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