NEWS RELEASE - July 11, 2006

UPDATE: SWEETWATER COUNCIL GIVES NOD TO PROCEED

Sweetwater, Texas (July 11, 2006) – Last month, the Sweetwater Enterprise for Economic Development Corporation (S.E.E.D.) made recommendations to the Sweetwater City Council for a $50,000 forgivable loan over a period of five years in order to assist the development of seven new jobs created by Advanced Turbine Services.

At a recent meeting, the Sweetwater city council reviewed the incentive package/forgivable loan. Currently, the final contract negotiations are in progress; S.E.E.D. anticipates the contract with Advanced Turbine Services to be effective within 10-14 days.

The Sweetwater Enterprise for Economic Development Incorporated (S.E.E.D.) mission is to facilitate a transitional move to this forward-thinking area. S.E.E.D. is prepared for the challenge of maintaining consistent economic growth, including the creation and retention of jobs in Sweetwater. As a 4A organization, S.E.E.D. is focused on providing businesses the best opportunity for growth, thereby ensuring consistent economic growth for this area.