HUNTINGTON, W.V., Sept. 29, 2011 /PRNewswire/ -- Energy Services of
America Corporation (NYSE-AMEX Equities: ESA) today announced the
expiration of the offering period for its exchange offer for all of
its outstanding warrants. The offering period expired at
5:00 p.m. Eastern Time on
September 28, 2011.
As of the offering period expiration time, approximately
19,874,549 warrants had been tendered and not properly withdrawn
pursuant to the exchange offer, which represented 98% of the
20,276,923 outstanding warrants. Based upon an exchange ratio
of 8 1/2 warrants for one share of common stock, the Company
expects to issue approximately 2,338,182 shares of common stock.
Energy Services of America Corporation provides construction
services to the natural gas, oil, chemical and electric industry.
We operate through our subsidiaries, CJ Hughes Construction,
CJ Hughes Pipeline, ST Pipeline and Nitro Electric. Our
corporate headquarters are located at 100 Industrial Lane,
Huntington, West Virginia
25702.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning
plans, objectives, goals, strategies, future events, performance
and results of operations, and underlying assumptions and other
statements that are other than statements of historical facts.
These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and
acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks,
contained in statements filed from time to time with the Securities
and Exchange Commission. All such forward-looking statements,
whether written or oral, and whether made by or on behalf of the
Company, are expressly qualified by the cautionary statements and
any other cautionary statements which may accompany the
forward-looking statements. In addition, the Company
disclaims any obligation to update any forward-looking statements
to reflect events or circumstances after the date hereof.
SOURCE Energy Services of America Corporation