SOURCE: Viking Power Services, Inc.

November 29, 2007 07:00 ET

Viking Power Services, Inc. Subsidiary Secures $800,000 Purchase Order to Provide Services to a Nuclear Industry Leader; Provides Update on Proposed Acquisition of Ocean State Technical Services

MANALAPAN, NJ--(Marketwire - November 29, 2007) - Viking Power Services, Inc. ("Viking", "the Company") (PINKSHEETS: VKPW), an emerging growth company that provides a single-source solution for all maintenance and repair services for the power industry, today announced that the company's American Boiler and Pipe subsidiary is currently providing services for an $800,000 purchase order received from an international nuclear energy company.

Under terms of the purchase order, American Boiler and Pipe is providing expert welding services at one of the customer's Pennsylvania operating facilities. These services are currently ongoing, and to date, the Company has booked revenues of approximately $170,000 from services performed in connection with this purchase order with the project expected to be completed in 2008. The $800,000 purchase order is currently the Company's largest nuclear service request.

Viking Power Services COO Jay Sikora commented, "It is refreshing to see the nuclear power industry being revived in the US. My formal education and practical experience is rooted in nuclear power. We have always seen nuclear power as a rapid growth industry that we have been targeting. With the increase of nuclear power we can anticipate a decrease in greenhouse gas emissions."

The Company also announced that despite its best efforts, its current discussions to acquire Ocean State Technical Services have terminated at the request of the principals of OST. Ray Mancison, Viking Power Services' CEO commented, "We are disappointed that we were not able to finalize the transaction with the principals of OST. Acquisition of OST would have accelerated our penetration into the New England market. Viking had opened a Rhode Island office of American Boiler and Pipe earlier, but pending the acquisition of Rhode Island-based OST we had put it on hold. We will continue to expand into the New England Market and reactivate our methodical growth strategy in building our New England division similar to the success of our Maryland office."

About Viking Power Services, Inc.

Viking Power Services, Inc. is an emerging company that is committed to providing a single-source solution for all maintenance and repair services within the energy provider and plant maintenance infrastructure. Through strategic acquisitions and specialized partnerships the company will continue to deliver expert repair and maintenance services to energy providers and power producers throughout the US.

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) our ability to obtain financing in a timely manner and on terms favorable to us, (b) our ability to completely develop our business model, (c) the amount and timing of operating costs and capital expenditures relating to the expansion of our business, (d) the successful implementation of marketing programs directed to potential customers, (e) the ability to identify, negotiate, secure, fund and close potential acquisitions, (f) the ability to identify and enter into favorable strategic alliances; (g) the marketing and sales efforts of our competitors; (h) changes in various sectors that affect our industry and (i) general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Viking Power cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Viking Power does not undertake, and Viking Power specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

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