PALM SPRINGS, Calif., Oct. 26, 2006 (PRIMEZONE) -- Environmental Service Professionals, Inc. (Pink Sheets:EVSP) today announced the signing of a Letter of Intent to acquire the industry's leading software program, MoldTech(r) Mold Inspection Software, from Core Environmental Corporation. The LOI also includes acquisition of the company's interest in the proprietary training system, MMI (Moisture Management Inspector), as well as a commitment for the retention of the services of Core's president, Claire Jordan Grant and its CEO, Matt Tapscott.
Environmental Service Professionals President and CEO Ed Torres stated, "We are very excited about the opportunity to acquire the industry standard software for mold inspections and report creation. This acquisition is in keeping with our commitment to excellence and leadership within the Indoor Air Quality industry. We are very pleased that the acquisition of MoldTech(r) Software also brings to our team Claire Jordan Grant and Matt Tapscott, whose experience and reputation will be a tremendous asset as we strive to become the leader in this emerging industry."
About Environmental Service Professionals, Inc.
Since 2002, Environmental Service Professionals, Inc. has offered franchised inspection services for addressing mold and moisture intrusion that can have an acute or chronic negative impact on the indoor air quality of commercial and residential buildings. The company meets federal and specific state requirements as a highly regulated franchisor of environmental service companies. The franchises, offered throughout North America, are independently owned and operated. Environmental Service Professionals also provides services directly to builders and homeowners through subscription-based maintenance programs. The company's California-based call center provides a single point of contact for the delivery all services. The company was formerly known as Pacific Environmental Sampling, Inc.
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Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.