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INNOVATIVE ENVIRONMENTAL SERVICES LTD. ENTERS FORMAL AGREEMENT TO ACQUIRE SHARES OF CHURCHILL ENVIRONMENTAL SERVICES INC.

 VANCOUVER, British Columbia, June 1 /PRNewswire/ -- Innovative Environmental Services Ltd. (Alberta: INV) ("IES") announced that it has entered into a formal agreement to a acquire all of the shares of Churchill Environmental Services Inc. Churchill is a private Louisiana-based environmental services company specializing in soil remediation, site assessment, hazardous waste management services and emergency response. In addition to providing those general services, Churchill has specialized expertise in the decontamination of tanks, vessels and equipment that contain naturally occurring radioactive materials.
 In exchange for the shares of Churchill, IES has agreed to issue to the Churchill shareholders approximately 32,000 freely trading shares of IES, and 730,000 shares to be issued on a performance earn- out basis based on the net profits of Churchill over a five-year period. The key managers of Churchill have also agreed to remain with the company under long-term employment agreements.
 The purchase of Churchill will be the second major acquisition by IES this year. In March the company acquired Transenviro Inc., a California-based corporation specializing in the manufacture, production, design and installation of technologically advanced wastewater treatment systems. IES anticipates that the acquisition of Churchill will provide substantial cross-marketing opportunities between Churchill and Transenviro with an integrated sales representative network.
 The agreement with Churchill is subject to approval of the Alberta Stock Exchange.
 -0- 6/1/93
 /CONTACT: Geoffrey Trafford of IES, 604-739-9298; or Shannon Squyres of Corporate Relations Group, 714-955-1860, for IES/
 (INV.)


CO: Innovative Environmental Services Ltd.; Churchill Environmental
 Services Inc. ST: British Columbia, Louisiana IN: ENV SU: TNM


JL -- LA023 -- 4053 06/01/93 14:57 EDT
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Date:Jun 1, 1993
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