EVSP Environmental Service Professionals Inc (CE)

PALM SPRINGS, Calif., Aug. 19 /PRNewswire-FirstCall/ -- Environmental Service Professionals, Inc. ("ESP") (Pink Sheets: EVSP), an innovator in environmental home inspections, today announced the completion of an internal review of the Company's common share issuance and provided guidance on the availability of the company's common stock for trading.

Following the completion by the Company of an internal accounting review of its issued and outstanding common shares, the Company is pleased to report that as of July 31, 2010  out of a total of 169,404,429 issued and outstanding common shares, a float of 26,816,708 issued and outstanding common shares available for trading.

In addition, regarding the pending financing announced on July 30, 2010 - the Company has been informed by Metropolitan Financial Holdings and the third party lender that release of funds to ESP for the financing is now expected to take place on or around August 31, 2010 with net proceeds from the loan expected to be $188.5 million, less Letter of Credit and other charges expected to be incurred.

About Environmental Service Professionals, Inc.

ESP (EVSP.PK) offers various inspection services that include energy/efficiency audits addressing mold and moisture intrusion that can have an acute and chronic negative impact on the indoor air quality of commercial and residential buildings. The first company in the moisture inspection industry vertical to become a publicly traded company, ESP has embarked on a strategy to acquire businesses dealing with environmental issues and resolving environmentally sensitive problems.  It has completed four acquisitions and is in various stages of discussion with additional companies that management believes are a good philosophical, operational and economic fit with ESP. For additional information, please visit: www.evsp.com

ESP, through its various wholly owned subsidiaries, has developed a standardized training, certification, inspection, and results reporting analysis program, which forms the foundation for the Company's "suite of services."  These services taken together comprise the Certified Environmental Home Inspector™ ("CEHI") program.  This program is available to active duty U.S. military and veterans and will meet all required Veterans Affairs requirements. Our Safeguard business unit will provide the EcoCheck Inspection™ as part of the pro-active comprehensive subscription based annual maintenance process called the Healthy Living Maintenance Program™ ("HLMP"), part of ESP's Healthy Home Mortgage Program™ (HHMP).  Every 12 months a new EcoCheck Inspection™ is conducted. The HLMP is an all inclusive multi-disciplined inspection process focused on adding value to a property by reducing liabilities and mitigating risks for the insurance, mortgage banking, building, real estate, and property management industries by reducing claims, instilling confidence in property safety and efficiency while promoting a positive green image to both residential and commercial clients.

Visit http://www.evsp.com for complete information on the ESP family of services offered and investment information.

Forward-Looking Statements This document contains forward-looking statements that are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected. These risks, assumptions and uncertainties include: the ability of the Company to raise capital, the ability to compete effectively in a rapidly evolving and price-competitive marketplace, changes in the environmental sector and changes in business strategy, as well as other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. See www.SEC.gov for additional information about the company.

SOURCE Environmental Service Professionals, Inc.