Buckeye Ventures, Inc. Signs Letter of Intent for San Diego Area Company.

Acquisition is Expected to Add $2.5 Million to Company Revenues

LOS ANGELES -- Buckeye Ventures, Inc. (OTCBB:BEYV) announced today that the company has signed a Letter of Intent to acquire the assets of a San Diego based residential air conditioning and heating contractor. With projected revenues of more than $2.5 million, the new company will become a wholly-owned subsidiary of Buckeye. The due diligence process is underway.

This is the latest step in Buckeye's national acquisition plan. Buckeye plans to implement the same highly successful strategy that it has used in its Boston, Sacramento and Modesto locations, which resulted in double digit growth in both revenues and net profit. Those locations are on target to generate in excess of $17 million in revenue this year.

When completed this acquisition will bring the Company a step closer towards its objective of establishing a nationally recognized brand in the $50 billion residential HVAC (heating, ventilation and air conditioning) and plumbing home services industry. Buckeye continues to target small and mid-sized local and regional operators, providing them with the opportunity to become part of a growing national conglomerate that is a publicly held company.

"This forthcoming acquisition will be attractive to Buckeye shareholders for several reasons," said Alan Mintz, President and Chief Executive Officer of Buckeye. "Our corporate offices are in San Diego and our plan will be to consolidate our offices with the new acquisition to reduce corporate overhead and allow us to take a hands on approach in developing this into our flagship location."

About Buckeye Ventures, Inc.

Buckeye Ventures, Inc. is a consolidator of the residential HVAC/plumbing service industry. Participation in the Company's network provides subsidiaries with: standardized policies and operating procedures which the Company's management team has adopted from their extensive industry experience, and that have wide industry acceptance and application; comprehensive training programs to improve operating procedures and customer relations; and a positive public image through Buckeye Ventures, and potential liquidity through a public venture.

Any forward-looking statements contained in this release reflecting management's best judgment based on factors currently known involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors including but not limited to Buckeye's ability to enter into various financing programs, roll-up business acquisitions and competition from other companies.