Announcing the Launch of O'Shea Energy Services -OES-.

HOUSTON -- OES to Aggressively Target and Serve the Electric Energy Industry Offering Expertise on Timely Energy Regulatory Compliance Issues

O'Shea Energy Services, a professional consultancy and service firm focusing in the Electric Energy Industry and specializing in highly secure real-time solutions, today announced its official launch. With federal energy compliance mandates (such as Sarbanes-Oxley, NERC 1200/1300, and the Patriot Act) looming large, OES will be assisting corporations involved in the production and distribution of energy - a highly regulated and competitive market. Under the tutelage of founder John J. O'Shea, the company hopes to educate companies on how to quickly and cost-effectively ensure that they fully comply with the latest federal regulations, while at the same time improving network efficiency, security and system uptime. By so doing, OES will help companies avoid the costly penalties associated with lack of compliance while improving their reliability and bottom line.

With 30-plus years of industry experience and coming off an extremely successful 11-year tenure of leadership expertise with a worldwide leader in the Electric Energy Sector, O'Shea brings his full arsenal of global relationships and knowledge to this new venture. O'Shea and his OES colleagues will be in a unique position to offer companies counsel and assistance as they navigate the complicated rules of post-9/11 federal security requirements.

"Electric utilities and energy companies have been downsizing and right sizing for the last two decades and are now being asked to do more than ever to comply with NERC 1200/1300, Sarbanes-Oxley, the Patriot Act - to name just a few of the new and ever-evolving requirements," explained O'Shea, founder of OES. "Companies are finding that they do not have the staff, and in some cases the technical expertise, necessary to perform the daily operational tasks, let alone ensure compliance with these new regulations required to conduct business. The days of the proprietary real-time operation systems - operating in secure silos - is gone. Companies must now employ state-of-the-art technologies in order to stay both secure and competitive in the ever-changing utility/energy landscape and real-time systems need to be an integral part of the IT Enterprise. At OES, we will be in a unique position to provide a full range of services from consulting, application development, evaluation and integration of products, to turn-key support; this will secure and improve our clients' EMS/SCADA/DMS/OMS/MOS systems. We will do this while meeting the requirements dictated by industry and government entities and while offering real-time performance and availability enhancements to the existing systems with a focus on quality and first-class customer service."

For more information on OES, please contact [e-mail].

JOHN J. O'SHEA

O'Shea has more than 30 years of system engineering, operations, software development, project management, customer service, and executive management experience. Most recently, as vice president of operations at ABB's Utilities Business Unit, O'Shea was responsible for the Energy Market Division, the Energy Management System/SCADA Division and the Distribution Information Systems Division, which successfully delivered the NYISO EMS/MOS, the Exelon ComED EMS/OMS, and the Pacificorp EMS/SCADA Systems. Prior to his leadership role at ABB, O'Shea was vice president of engineering operations at Bailey Network Management Inc. While there, O'Shea was responsible for the turnaround of Bailey Network Management from a company in bankruptcy to a leading position in the electric industry with their RANGER EMS/SCADA Product with the successful delivery of same to such customers as NYSEG, PEPCO, SRP, PPoA, CFE, and CAISO. His previous experience also includes software development management, project management, and electric and gas operations management at New York State Electric & Gas Corp. (Energy East).