SOURCE: National Energy Services Company, Inc.

April 14, 2010 08:30 ET

National Energy Services Company, Inc. Secures Credit Line

ALVA, FL--(Marketwire - April 14, 2010) -  National Energy Services Co. (OTCBB: NEGS) has secured a $10,000,000 line of credit to facilitate its business model.

The company expects to begin drawing on the line of credit upon the effectiveness of S-1 Registration Statement filing to be made during April 2010. Additional funding will be sought with this filing. The company has several projects to begin and several more in their beginning stages. This money will be used to fund the construction management contract for an alternative energy production facility and algae production farm in Alton, IL.

The company is soliciting other funding through sale and lease back opportunities and conventional loans so that the company can end up owning the majority of the operations at this site. The energy sales from waste to energy, tires to energy and algal bio fuels should represent well over $100,000,000 in sales per year at this site with substantial net profits. It will take approximately a year to build this site.

In other company news, the company has completed the sale of a sub-license for structurally insulated panels combined with the sale of 100% of the stock of our New Jersey subsidiary that relieves the company of more than $600,000 of its debt. The company expects the remainder of all significant debt to be settled by April 30, 2010 allowing us to be a lean credit worthy company.

About Us:

National Energy Services Company, Inc. (OTCBB: NEGS) and its subsidiaries Applied Concepts For Energy Corp. and Global Green Resources Inc, is a publicly traded company located in the USA. The company's current focus includes various alternative energy production models to which we provide construction management services. The alternative energy methods of production include waste to energy, farming of green algae and bio-mass and bio-fuels production. Our Green IT services provide training and consulting services for Virtualization/Cloud Computing.

Forward-Looking Statement: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.

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