HUNTINGTON, W.Va., Dec. 30 /PRNewswire-FirstCall/ -- Energy Services of America Corporation ('Energy Services') (Amex: ESA) announced today that for the year ended September 30, 2008, the company had earnings of $2,811,158 versus $1,381,062 for the year ended September 30, 2007. The earnings per share for the year ended September 30, 2008 was $0.26 per share basic and $0.21 per share fully diluted compared to $0.13 and $0.11 respectively for the year ended September 30, 2007. On August 15, 2008, Energy Services completed the acquisitions of ST Pipeline and C J Hughes Construction. The acquisitions were accounted for as purchases for accounting purposes and their results are included in the performance of Energy Services from August 15 through September 30, 2008. Prior to that time, Energy Services operated as a 'Blank Check Company'. Key financial information for Energy Services is included below.

On a pro forma basis, assuming the acquisitions had been completed for the full twelve months of 2008 and 2007, revenues would have totaled $208,239,927 for the year ended September 30, 2008 compared to $133,090,839 for the year ended September 30, 2007. Net income on a pro forma basis would have totaled $15,002,093 for the year ended September 30, 2008 compared to $7,119,563 for the year ended September 30, 2007. Earnings per share would have been $1.24 basic and $1.03 diluted for the year ended September 30, 2008 compared to $0.59 and $0.51 respectively for the year ended September 30, 2007.

The balance sheet for Energy Services reflects Stockholders' Equity of $60,257,217 and total consolidated assets of $133,699,816. This balance sheet should enable the Company to proceed with growth both internally and externally.

'We are very pleased with the Company's performance during the short time since the acquisitions closed,' said Marshall T. Reynolds, Chairman of Energy Services. 'The acquired companies produced $2,093,087 in earnings during the period from the August 15, 2008 through September 30, 2008.