Dr. John G. Kalogeris, Chief Executive Officer of National Energy Services Co. (OTCBB: NEGS), updates the business prospects and plans since its change in leadership.
We are in exciting times for the company with expansion into new markets, the closure of certain business lines that were unprofitable, and the loosening of financial capital to finance alternative/renewable energy products and sales. We are poised to grow rapidly and therefore we have designed a new corporate structure.
The company will operate with three divisions and various subsidiaries within each division either created by us or purchased for more rapid growth. The divisions include Renewable Energy Project Management, Renewable Energy Product Sales and Green Internet Technologies Service and Training.
Renewable Energy Project Management initially consists of project management and marketing of those services to solar/thermal, bio-fuels and waste to energy project owners. Through the use of various joint ventures currently being negotiated we should be in each of the markets with signed projects before the end of May 2010. The projects being reviewed are substantial, and would provide millions in sales and profits over the next two years. These projects include bio-fuel from algae and from pyrolisis of tires, pyrolisis of municipal solid waste to energy, and combination operations of solar/thermal and animal waste pyrolisis.The Renewable Energy Product Sales division markets to the end user products that reduce the energy cost to home and commercial building users to pennies on the dollars they previously spent and provide revenue for the company through sale of excess energy to the grid. Additional products include lighting and water systems for commercial structures, some that have been marketed by our New Jersey subsidiary. The Green Internet Technologies Service and Training Division is designed to first assist all affiliated divisions in the marketing of their products and services, and will expand into green social networking products and services and training for new technology development and certification initially in the virtualization and cloud computing markets.