Wednesday, September 27, 2000  

Prime Energy Services:                                    309 Bloomfield Avenue

Second Floor - Suite 4

Caldwell, NJ 07006

973-228-9700 phone

973-228-7280 fax

 

Media & Staff Contacts:                                   Robert Aiello

                                                                               John Romano

                                                                               Bart Lockward

                                                                              Dan Verschleiser

 

Web Address:                                                     www.primeenergyservices.com

 

New Jersey and Massachusetts – IES, Ltd. has selected Prime Energy Services as the new name of the company.

IES, Ltd.  said the new name and its associated logo will become the master brand under which the company will market its services to Energy Services Companies, and Performance Contractors. The company announced the name and brand strategy to employees today in anticipation of the revised launching of “Prime-WebTrax-,” the web-based project management system, which is planned for projects starting in October.

The name Prime Energy Services was selected from more than 30 options. The new name was chosen, primarily, by the definition of “Prime,” which means.

Prime (pr m) adj.

1.      First in excellence, quality, or value.

Furthermore, the name “Prime Energy Services” signifies a company that will provide customers with both stability and a forward-looking vision

IES, Ltd. said that the name Prime Energy Services differentiates them from the last name, which was derived as an abbreviated version of Independent Energy Services (IES) of CT. IES, Ltd. has, from the beginning, always been a completely separate entity from that of Independent Energy Services of CT. The original name, IES, Ltd., was chosen in an effort to not disturb projects in progress at the time of inception.  Independent Energy Services of CT remains a qualified and professional business ally for mechanical services to Prime Energy Services. 

The company said they would adopt the new name and support it with significant marketing. Immediately following this announcement, the new name and logo will appear on the website, vehicles, customer bills and other materials. The company is targeting completion of the name change by October 1, 2000, and said the full re-branding will take from 1 to 2 months, although the new name and logo will be immediately visible in key locations.