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Viking Power Services, Inc. Projects Energy Services Market at $11.7 Billion and Trending Upward

Posted on: Wednesday, 2 August 2006, 09:00 CDT

Viking Power Services, Inc. ("Viking") (Pink Sheets:VKPW), currently listed on Pink Sheets as stock symbol VKPW, announces that there are three factors that converge to create the upward trend for the $11.7 billion Energy Services Market:

-- 1) New markets created as a result of deregulation.

-- 2) The Eastern U.S. Blackout of 2003 and Rising Energy

Consumption.

-- 3) Sharp increase in plant maintenance and repair work.

The net effect of a deregulated electric power industry, combined with a shortage of experienced management at power plants due to mandatory retirement and rising energy consumption, has created the emerging Energy Services Market. Power Plant Maintenance Market: $11.7 Billion and Trending Upward Sharp Increase in Maintenance and Repair Work

-- According to the November 2005 report published by the Energy

Information Administration

(http://www.eia.doe.gov/cneaf/electricity/epa/epat8p1.html),

total Revenue for Major U.S. Investor-Owned Electric Utilities

in the post-deregulation era rose from $219 billion in 2002 to

$240 billion in 2004.

-- Prior to the eastern U.S. blackout of 2003, total plant

maintenance costs were trending down from $12 billion in 2000

to a 12 year low of $10.8 billion in 2002.

-- The near $2 billion decrease in plant maintenance left the

power producers with increased risk for blackout.

-- The massive blackout and the need for increased maintenance

have reversed the downward trend.

-- Plant maintenance expense is now up approximately $2 billion

since 2002 and $600 million from 2004.

-- The sharp increase in maintenance expense results in an upward

trend in the Energy Services Market to over $11.7 billion.

About Viking Power Services, Inc.

Viking Power Services, Inc. (Pink Sheets:VKPW) is an innovative new Company that acquires and partners with independent contractors, complimentary service providers and power producers to form an integrated network of companies within the energy provider and plant maintenance infrastructure.

Viking Power Services, Inc. ("the Company") mission is to become the single-source solution for all power plant maintenance and repair services. Through strategic acquisitions and specialized partnerships, the Company can grow to deliver expert repair and maintenance services to energy providers and power producers throughout the U.S.

The company's strategy is to grow both organically by increasing its customer base and through acquisitions. Viking Power Services, Inc. is implementing a "roll-up" strategy to acquire key companies throughout the East Coast and eventually nationwide to significantly increase revenues and earnings.

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.

Source: Business Wire

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