SOURCE: Environmental Service Professionals, Inc.

Environmental Service Professionals, Inc.

January 20, 2010 08:56 ET

Chairman and CEO of Environmental Service Professionals, Inc., Edward L. Torres, Announced the Completion of Negotiations With Lion Share Capital LLC to Provide Collateral for Capital Investment

PALM SPRINGS, CA--(Marketwire - January 20, 2010) - Environmental Service Professionals, Inc. ("ESP") (OTCBB: EVSP), an innovator in environmental home inspections, released comments from the Company's Chairman and CEO, Edward L. Torres, made today. "I am pleased to announce that today we have signed an agreement with our long time partner, Lion Share Capital, to provide ESP with $120 million in Life Settlement contracts from its portfolio. This collateral will be used in our current debt offering which is ESP's most significant to date."

Torres further stated, "This is the first of several fundings of debt and equity that we expect to be completed over the next several months, which will allow us to move toward our goal of providing 100,000 long-term jobs and to implement the Certified Environmental Home Inspection, (CEHI™) Program nationally. The program provides inspections for energy audits, indoor air quality, home inspections, radon, lead and asbestos that meets or exceeds the President's recent mandate."

Mr. Torres remarked that ESP is on track to help build that workforce: "We have the ability with our new jobs program, given certain milestones, to hire and train thousands of Veterans as well as Disabled Veterans. Our program will provide long-term employment in their local communities and contribute to these communities by providing a valuable service to thousands of American families. Additionally, our timing to execute this program coincides directly with the President's goals and objectives. I am proud that ESP will be a contributing factor in the creation of jobs, especially for those returning Veterans that have given so much for our country."

Finally, Mr. Torres stated, "Over the next 36 months, we expect our new jobs program to train and hire over 50,000 Veterans as Certified Environmental Home Inspectors and train and hire over 10,000 Disabled Veterans to become Customer Service Representatives to support the inspectors and customers of this new program."

About Environmental Service Professionals, Inc.

Environmental Service Professionals, Inc. (ESP) (OTCBB: EVSP), a California-based, Nevada Corporation, through its various acquisitions, has offered environmental services for addressing Mold and Moisture Intrusion and the associated acute or chronic issues that impact the interior air quality of commercial and residential buildings. ESP's mission is to support hard-working American families who wish to buy or rent an affordable, safe and efficient home in the community of their choice.

In 2009 ESP developed strategic relationships with government agencies, union officials and others to build a foundation for the creation of green sustainable jobs and develop programs and training for returning Veterans as well as Disabled Veterans. Major corporations have formed strategic alliances with ESP to provide the tools and equipment necessary for success nationwide. We are in the final stages of establishing recurring sources of inspections through our "Healthy Home America" program and through our "Healthy Home Mortgage Program" which will embrace our 10-year Annual Home Inspection Protocol Program "The Healthy Green Living Certification."

For more information on the ESP family of services and investment information, please visit http://www.evsp.com.

Forward-Looking Statements: This document contains forward-looking statements that are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include: the ability of the Company to raise capital, the ability to compete effectively in a rapidly evolving and price-competitive marketplace, changes in the environmental sector and changes in business strategy, as well as other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. See www.SEC.gov for additional information about the company.

Contact Information

  • Contact:
    Consulting for Strategic Growth 1
    Stanley Wunderlich
    CEO
    PH: 1-800-625-2236 ext.7770
    Fax: 1-646-514-1177
    Email: Email Contact
    www.cfsg1.com