SOURCE: Blaze Energy

September 19, 2007 14:00 ET

Blaze Energy Closes $2 Million Round of Funding

Blaze Energy Closes First Regulation D

BOISE, ID--(Marketwire - September 19, 2007) - Blaze Energy (PINKSHEETS: BLZE), a subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV), announced today that they have closed a Regulation D (Reg D), Private Investment in Public Equity (PIPE-1), one round of funding valued at $2 million. The deal closed quickly, demonstrating the momentum and forward movement of Blaze Energy.

Blaze Energy is an independent oil and gas exploration and production company. Its main asset is in the Fayettville Shale natural gas play where the company participates in over 45,000 gross acres of exploration. Blaze Energy believes that the Fayetteville Shale field represents one of the most promising unconventional gas finds in the United States. This is significant for the United States as they have seen a dramatic increase in the prices of energy in the past few years. Blaze Energy will bring a product from U.S. soil to self sufficiently meet the nation's energy needs.

"Closing quickly on this Reg D gives us great confidence for Blaze Energy," said Mike Thompson, President of Blaze Energy. "It demonstrates that the company, investors and the public are obviously seeing the value of our efforts as reflected by the price of Blaze Energy's stock. We will be opening another Reg D soon, which is expected to close quickly as well."

The proceeds from this offering will be used for drilling costs and general corporate operating expenses.

About Blaze Energy

Blaze Energy (PINKSHEETS: BLZE) is a natural gas exploration and production company actively engaged in the Fayetteville Shale gas project in Arkansas. Blaze Energy is an active partner in acreage blocks in Van Buren, Celburne and Conway counties. For more information please visit

About Environmental Energy Services, Inc.

Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent oil and gas exploration and production company. It combines patented, cutting edge technology and research with Monte Carlo simulation-type analysis to acquire almost exclusively hydrocarbon energy resources for development and production. Headquartered in Boise, Idaho, EESV, through its holdings and subsidiaries, has resources and projects throughout North America. For more information visit

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.

Contact Information

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