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Environmental Energy Services, Inc. (EESV) Announces Progress Toward New Growth Strategy

Posted on: Wednesday, 25 January 2006, 15:01 CST

EL RENO, Okla., Jan. 25 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. announced today that through newly created partnerships, the company has filled a $1.5 million land acquisition fund, allowing it to acquire drilling rights on an estimated 18 thousand acres of land; 16 thousand acres of that target land has already been acquired. The ground is situated across 4 separate formations in 3 states -- Arkansas, Louisiana and Oklahoma. The majority of the Louisiana acreage has been acquired and 6 additional brokers are in the other locations and are working on acquiring the additional rights. Once all rights are acquired, the company anticipates drilling before the end of Q2.

"The key to gaining favorable terms on any drilling project is clearly the ability to control the leases," stated Dr. A. Leon Blaser, EESV Chairman and CEO. "As we continue down the path of adding additional drilling sites, I am increasingly excited about our progress. Although this process is time-consuming, I feel strongly that we are heading in the right direction."

EESV continues to work on several other drilling partnerships and will continue with announcements as soon as details are solidified.

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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