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From: Scott Shaw8/4/2017 1:46:50 PM
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EESE - Low Debt/Asset ratio, New management, Several revenue streams. An OTC worth keeping an eye on.
EES Announces Successful Field Test and Approvals with Pemex in Mexico

Oklahoma City, OK, July 24, 2017 /PRNewswire/ -- Energy and Environmental Services, Inc. (“EES” or the “Company”) (OTC : EESE) is pleased to announce an operational update regarding one of the Company’s objectives to offer chemical services to the energy industry in Mexico.

EES Services, S.A. de C.V. (which is a separate independent Mexican company of similar name that serves as a distributor for Energy and Environmental Services, Inc.) administered a successful three-month field test using Energy and Environmental Services chemicals to treat wells operated by Pemex, the national oil company of Mexico. Specialized chemicals were used to treat three marginal Pemex oil wells resulting in a sustained 50% increase in production on all wells over the three-month test period. Subsequently, Pemex approved the Company’s specialty chemicals used in this test.

“We’re very excited about the Pemex approval on the Energy and Environmental Services well treatment. The test showed very good results and there are several thousand wells that are suited for this service. Our company is now approved for a prestigious 5-year open contract with Pemex that is expected to begin this fall,” stated Jose Hernandez, Operations Manager, EES Services, S.A. de C.V.

“We are certainly excited to have reached this stage with EES Services, S.A. de C.V. and are looking forward to introducing our approved chemical products in Mexico,” said Leon Joyce, President, “This opens up a new revenue stream and large market that we’ve never had before.”

About EES Services, S.A. de C.V.

Headquartered in Querétaro, Mexico, EES Services, S.A. de C.V. is a company focused on meeting the chemical specialty needs in the oil, power generation and cement industries. To achieve maximum performance for the benefit of their customers, all products and services are designed according to the particular characteristics of the customers’ needs under the strict supervision of the company’s experienced staff. EES Services, S.A. de C.V. has a wide range of state-of-the-art technology serving the oil industry, ranging from the production stage to the refining processes and to the addition of finished products. See the company’s website at www.ees-s.com.

About EES

Energy and Environmental Services, Inc. (EES), based in Oklahoma City, participates in the multi-billion dollar oilfield chemical, anti-corrosive coatings and biotech industries. EES was established in 1991 and management has over 50 years of experience blending, manufacturing and packaging custom liquids and solid chemicals for the oil, gas and agricultural industries. Additionally, the company has expanded to develop innovative products and applications for enzyme system technologies, livestock feed supplements, specialized anti-corrosive coatings and solar well treatment systems. Please visit the company’s website at www.eesokc.com.

Safe Harbor for Forward-Looking Statements

Certain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Energy & Environmental Services actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Energy & Environmental Services expressly disclaims any intent or obligation to update any forward-looking statements.
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