EVSP Environmental Service Professionals Inc (CE)

PALM SPRINGS, Calif., July 14 /PRNewswire-FirstCall/ -- Environmental Service Professionals, Inc. ("ESP") (Pink Sheets: EVSP), an innovator in environmental home inspections, announced today that Peter Donato, MBA, CPA, has been appointed as the Company's new Chief Financial Officer.

"Over the past few months ESP has announced plans for an exciting suite of services which I believe will define this industry. I'm excited to support the company's continued expansion across the nation," says Mr. Donato "I look forward to applying the experience I have gained in providing accounting and compliance guidance and contributing to ESP's re-establishment as a full reporting company as well as assisting with the Company's next phase of growth – which includes creating careers for thousands of US Veterans – a cause the ESP team is very excited to achieve," commented Donato.

Mr. Donato joins ESP after nearly 20 years of progressive financial and accounting management experience in large, well developed companies as well as small, entrepreneurial companies. He began his career in public accounting in 1992 with Ernst & Young, Cleveland before joining General Motors' financial team in 1994 where he assumed increasing roles of responsibility at both the divisional and corporate levels until his departure in 2000.  He remained in the auto industry as the divisional CFO for Honda Express North America, a collection of logistics, warehousing, and transportation companies based in Central Ohio.  

He accepted Divisional Controller positions with the Scotts-Miracle Gro Company where he went on to be Controller of the ~$750M Liquids Group overseeing familiar brand names such as Ortho and Miracle Gro as well as the Round-Up brand joint venture.  

In 2003 Mr. Donato joined Uniform Tubing, Inc. as Divisional Controller for this private equity backed medical device contract manufacturer.  In this role, Mr. Donato was an instrumental part of the team that subsequently acquired and integrated Minnesota-based, publicly traded, Medsource Technologies.  In 2004, the Company became Accellent, Inc. and he became a senior member of the team in the role of Divisional CFO and VP of Finance for the $~200M Cardiology division of the Company.  While in this role, Mr. Donato and the team were successful in growing the division and the Company, culminating in a $1+B sale of Accellent to KKR in late 2005.

Additionally Mr. Donato served as CFO with privately held Gamma Medica-Ideas, an early stage medical imaging company.  He was involved in establishing the initial accounting reporting as well as the IT infrastructure.

Most recently Mr. Donato served as CFO leading Iris International, a NASDAQ traded medical diagnostics equipment manufacturer.  While at Iris, he served as CFO, Corporate Secretary, and Corporate VP of Administration providing much needed stability to Iris' administrative functions.  He is credited for: establishing a strong and timely reporting structure, improved control environment, recruiting and retaining strong accounting, finance, and IT teams, as well as implementing several business applications and procedures.  He also developed and improved relationships with external parties to Iris including: investors, coverage analysts, bankers, insurance brokers, and auditors.

Mr. Donato graduated magna cum laude from The Ohio State University (Fisher College) with a Bachelors of Science in Business Administration.  He also completed a Masters of Business Administration from the University of Akron (Ohio) and is an actively licensed Certified Public Accountant.

ESP's Chairman and CEO, Edward L. Torres, said, "We are very pleased to welcome Peter Donato to our management team. His experience working with large, complex businesses will provide the correct financial knowledge and insight needed as we work with government agencies, union officials and major corporations to create affordable, environmentally safe and efficient homes for hard-working American families and meaningful jobs for over 50,000 Veterans and over 10,000 Disabled Veterans."

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.