SOURCE: Insight Management Corporation

Insight Management Corporation

December 07, 2009 07:38 ET

Insight Management Reports on Revenue, Profitable Oil & Gas Subsidiary, Acquisitions and Strategy for Continued Growth

ORCUTT, CA--(Marketwire - December 7, 2009) - Insight Management Corporation (OTCBB: ISIM) is pleased to provide shareholders with an update on the company's ongoing revenue, profitable oil and gas field services business, acquisitions and growth strategy. Insight Management acquires oil and gas services companies with substantial revenues, profitable operations, established customers and proven management teams.

Insight Management acquired Rebel Testing, Inc. of Gillette, Wyoming in June 2009. Rebel Testing is an expertly managed regional oil and gas field services company with a long roster of established customers and an eighteen year history of profitable operations. The wholly owned subsidiary provides pump hoist services in the greater Powder River Basin and blow out prevention services for customers in Colorado, Wyoming and Utah.

Insight Management subsidiary 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% compared to the second quarter of 2009.

Insight Management is targeting other well-run oil and gas services companies for acquisition. The company is focused on identifying undervalued companies with seasoned management, ongoing revenue, profitable operations and established market share.

Insight Management subsidiary Eco Fossil Fuels was formed for the development of environmentally responsible technology for the energy sector. Eco Fossil Fuels will work to acquire and develop innovative technologies and techniques that enable operators to increase oil and gas extraction while minimizing environmental impact.

President and CEO Jennifer Rapacki commented: "We are extremely pleased with Insight Management's progress this year. We have acquired a strong, growing oil and gas services business that increased revenue and turned a healthy profit in spite of the economic downturn. To build on this growth and continue to increase value for shareholders we are working to strengthen the operations of our subsidiary and acquire other profitable drilling and well servicing companies in 2010."

About Insight Management Corporation (OTCBB: ISIM)

Insight Management Corporation (ISIM) is a public holding company whose core business is focused in the oil and gas industry. The company has a strategic plan for growth through acquisition and functions from the perspective of an engineering firm. This is the nucleolus that directs what acquisitions are made and creates strategic alliances, develops proprietary technology and patents that bring the expertise and ultimately creates the real value for Insight Management. The company expects to retain the strong management teams in each business unit, capitalizing on their local knowledge of competitors and operating climate, along with their loyal customer relationships.

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 focused on servicing & 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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