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Environmental Energy Services, Inc. (EESV) to Buy Back Stock

Posted on: Wednesday, 23 November 2005, 09:00 CST

EL RENO, Okla., Nov. 23 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. announced today the Board of Directors approval of a stock buy back program and plans to purchase up to $200K at management's discretion. The company's shares will be repurchased through open-market transactions following SEC rules regarding such transactions.

"Our current cash position allows us to extend this share repurchase program to further improve shareholder value -- without adversely impacting operations," said EESV Chairman and CEO A. Leon Blaser. "We feel the stock is currently undervalued and this move will strengthen our position."

About EESV

Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.

Environmental Energy Services, Inc.

CONTACT: Megan Geiss of Environmental Energy Services, Inc.,+1-208-342-0983, mgeiss@eesvinc.com

Source: PRNewswire-FirstCall

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