SOURCE: National Energy Services Company Inc.

October 31, 2006 12:27 ET

National Energy Services Company, Inc. Supporting the Pennsylvania Automated Load Management (PALM) Incentive

EGG HARBOR TWSP, NJ -- (MARKET WIRE) -- October 31, 2006 -- National Energy Services Company Inc., (OTCBB: NEGS) is working with State of Pennsylvania's Department of Environmental Protection and PowerWeb, Inc. to assist in making available the Pennsylvania Automated Load Management (PALM) Incentive to commercial and industrial customers throughout the State of Pennsylvania.

The PALM Initiative is designed to promote, educate, and provide commercial electricity consumers of Pennsylvania a program to:

--  Reduce emissions through energy conservation,
--  Educate commercial consumers to lower their electric bills,
--  Register and trade Renewable Energy Credits (RECs)
    
"The governor of Pennsylvania, Edward G. Rendell, is committed to reducing energy costs for the businesses in Pennsylvania. The PALM Initiative and the associated state grants is one of many programs the state is using to promote clean and efficient energy. We are excited to be a part of this unique energy conservation program," said John Grillo, President of National Energy Services Co. (NEGS)

About National Energy Services Company Inc. (NEGS)

National Energy Services Company Inc. (OTCBB: NEGS) has developed a comprehensive, cost-driven line of energy-management products and services that reduces energy costs and improves the bottom line for commercial, industrial, hospitality and long term care facilities. NEGS has aggressively enhanced their capabilities over the last several years through product research and development, improved internal processes and strategic vendor alliances that now enable them to offer state-of-the-art goods and services that increase NEGS' profit potential while helping their customers drastically reduce energy costs.

For more information on Powerweb, Inc., visit their website: www.2powerweb.com.

For more information on the PALM Initiative, visit their website: www.papalm.com.

Forward-Looking Statements:

Forward-looking statements and comments in this document are made pursuant to the safe harbor provision of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to increase the level of sales, maintain current sales levels, add new products and services and develop new Web sites are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including risks related to the demand for the company's products and services competition, and availability of capital.

For more information on National Energy Service Company (NEGS) visit our website: www.nescorporation.com.

Contact Information

  • CONTACT INFORMATION:
    National Energy Services Company
    Patty Palmieri
    609-383-2940 Ext-14

    INVESTOR RELATIONS:
    Robert Gartzman
    800-758-9288 Ext-44