BOISE, Idaho, May 4 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. (OTC Pink Sheets: EESV) announced today that it has reached an agreement with Wastech, Inc. (OTC Pink Sheets: WTCH) to acquire 50.3% of its common stock. This agreement allows Wastech to finalize the acquisition of approximately 44,000 acres of coal leases and 5,898 lease acres of oil and gas rights in West Virginia. EESV has had a strategic relationship with Wastech and has maintained ownership in the company for several years. The increase in ownership level will allow EESV to oversee and focus on the development of the energy assets owned by Wastech, which will in turn allow Wastech's management to concentrate on the final development of its revolutionary waste transportation technology. To acquire the stock, EESV paid $741,500 cash, agreed to pay an additional $1,130,000 in August, and has committed to help Wastech secure financing to build two additional waste delivery trucks. These trucks will be equipped with Wastech's recently-developed transportation technology and are key to completing the needed field testing. After the completion of field testing, Wastech plans to release this new cutting-edge technology into the market. Dr. A. Leon Blaser, Chairman of EESV, stated, "I am excited about the deep relationship we have with Wastech and the potential that exists within these specific leases. Using the reserve estimates calculated by the state of West Virginia, approximately $1,000,000,000 in coal and an additional $1,000,000,000 in oil and gas potentially exist within this project." EESV is evaluating the appropriate steps necessary to open these operations. Drilling the gas leases will be coordinated with the current planned drilling operations in Louisiana, Arkansas and Oklahoma. Additionally, EESV is in discussions with two potential investment groups wishing to utilize some of the coal leases for operations which will allow the company to take advantage of Section 45 income tax credits. About EESV Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in Boise, Idaho, EESV has locations and projects throughout North America. 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. DATASOURCE: Environmental Energy Services, Inc. CONTACT: Megan Geiss of Environmental Energy Services, Inc., +1-208-287-4471, or Web site: http://www.eesvinc.com/

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