SOURCE: Insight Management Corporation

Insight Management Corporation

December 09, 2009 08:21 ET

Insight Management Increasing Revenue and Market Share via Acquisitions of Profitable Oil & Gas Businesses

ORCUTT, CA--(Marketwire - December 9, 2009) - Insight Management Corporation (OTCBB: ISIM) is successfully executing its strategy for growth by acquiring oil and gas companies with ongoing revenue, profitable operations, proven management and established customers. The company closed its first acquisition of a growing oil and gas field services business earlier this year, is performing due diligence on a second company, and is evaluating additional acquisition targets.

Insight Management pursues acquisitions of profitable, established oil and gas companies with revenues in the $5 to $25 million range and management willing to stay on for at least three years after closing. The company looks for undervalued businesses with opportunities to expand. The acquisitions add revenue and create bottom line growth for Insight Management and the company, in turn, provides management expertise and access to capital to increase revenue, profit and market share for its subsidiaries.

Insight Management completed its first acquisition in June 2009. Wholly owned Rebel Testing, Inc. is an energy services company providing pump hoist services in the greater Powder River Basin and blow out prevention services for customers in Colorado, Wyoming and Utah. The company has been in business and profitable since 1991. It posted a 32% net profit last year. As reported, Rebel Testing recorded revenue of $588,903 for the three months ended September 30, 2009. The company's Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) more than doubled during the third quarter to $214,505, an increase of 131% over the second quarter of 2009.

Insight Management is conducting due diligence on a second potential acquisition after recently signing a non-disclosure agreement. The company is an established drilling company currently operating eight oil wells in Texas. The company has been in business for five years and management has more than twenty years of experience. Insight Management is reviewing financials and evaluating the company's potential for expansion.

President and CEO Jennifer Rapacki commented: "Our focus on profitable, well-run businesses with excellent track records in the United States oil and gas sector is enabling Insight Management to achieve significant growth. The successful acquisition of Rebel Testing validates our ability to find, negotiate and bring on board these valuable assets. With a second acquisition under consideration and others on the horizon, Insight Management is on track for further increases in revenue, market share and value for shareholders."

About Insight Management Corporation (OTCBB: ISIM)

Insight Management Corporation (ISIM) is a public holding company focused on the energy industry. The company acquires oil and gas businesses with substantial revenues, profitable operations, established customers and proven management teams. Insight Management creates synergistic alliances, provides access to capital markets and capitalizes on the expertise of its subsidiaries to achieve company growth and increase shareholder value.

About Rebel Testing, Inc.

Rebel Testing, Inc. of Gillette, Wyoming, has been in business for over eighteen years and is a leading Rocky Mountain regional oil and gas field services provider. The company maintains a fleet of pump hoist trucks servicing the greater Powder River Basin. RTI also has operations based in Colorado servicing and pressure testing blow out preventers and provides these services in the greater Colorado, Wyoming and Utah areas. Customers include, among others, two Fortune 500 oil and gas corporations.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ISIM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the ISIM's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the ISIM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. ISIM undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements

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