Stratus Services Group, Inc. Announces Cross-Investment Agreement

Apr 25, 2001, 01:00 ET from Stratus Services Group, Inc.

    MANALAPAN, N.J., April 25 /PRNewswire/ --
 Stratus Services Group, Inc. (Nasdaq:   SERV), the SMARTSolutions(TM) Company,
 announced today that it has made an investment in a nationwide provider of
 specialized engineering and consulting services.  The agreement calls for the
 companies to make a cross-investment in each other through an exchange of
 common stock.  Stock amounts and percentages of ownership were not disclosed.
     Commenting on the deal, Joseph J. Raymond, Stratus' Chairman and Chief
 Executive Officer stated, "This agreement is the culmination of months of
 discussions and hard work on the part of our senior management and will create
 a solid working relationship for years to come.  In addition to this
 investment, we will be expanding our service offerings with the company to
 provide our full spectrum of services nationwide.  We anticipate that this
 cross-investment will provide both companies with significant cost savings, an
 increase in business opportunities and a substantial return on investment for
 our shareholders.  We will continue to pursue opportunities, such as this
 alliance, which will expand our market presence, open new markets and increase
 shareholder value."
     The other company declined to comment, and requested that it not be named
 in this announcement, citing the "quiet period" rules as it prepares for the
 filing of its Registration Statement for an Initial Public Offering of stock
 with the Securities and Exchange Commission.
     Stratus is a national provider of business productivity consulting and
 staffing services through its SMARTSolutions(TM) technology.  The Company
 currently operates through a network of thirty-four offices in twelve states.
 The Company has a dedicated engineering services staff providing a broad range
 of staffing, project consulting and outsourcing services.  Through its
 SMARTSolutions(TM) technology, Stratus provides a structured program to
 monitor and reduce the cost of a customer's labor resources.  Through it's
 Stratus Technology Services, LLC joint venture, the Company provides a broad
 range of information technology staffing, project consulting and outsourcing
 services.  The Company also provides a wide range of commercial staffing
 services including light industrial, clerical, distribution, technical,
 specialty and other professional services.
 
     This news release includes forward-looking statements within the meaning
 of the federal securities laws that are subject to risks and uncertainties.
 Factors that could cause the Company's actual results and financial condition
 to differ from the Company's expectations include, but are not limited to, a
 change in economic conditions that adversely affects the level of demand for
 the Company's services, competitive market and pricing pressures, the
 availability of qualified temporary workers, effects of acquisitions,
 availability of capital to sustain growth, the ability of the Company to
 manage growth through improved information systems and the training and
 retention of new staff, and government regulation.
 
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                http://tbutton.prnewswire.com/prn/11690X51056713
 
 

SOURCE Stratus Services Group, Inc.
    MANALAPAN, N.J., April 25 /PRNewswire/ --
 Stratus Services Group, Inc. (Nasdaq:   SERV), the SMARTSolutions(TM) Company,
 announced today that it has made an investment in a nationwide provider of
 specialized engineering and consulting services.  The agreement calls for the
 companies to make a cross-investment in each other through an exchange of
 common stock.  Stock amounts and percentages of ownership were not disclosed.
     Commenting on the deal, Joseph J. Raymond, Stratus' Chairman and Chief
 Executive Officer stated, "This agreement is the culmination of months of
 discussions and hard work on the part of our senior management and will create
 a solid working relationship for years to come.  In addition to this
 investment, we will be expanding our service offerings with the company to
 provide our full spectrum of services nationwide.  We anticipate that this
 cross-investment will provide both companies with significant cost savings, an
 increase in business opportunities and a substantial return on investment for
 our shareholders.  We will continue to pursue opportunities, such as this
 alliance, which will expand our market presence, open new markets and increase
 shareholder value."
     The other company declined to comment, and requested that it not be named
 in this announcement, citing the "quiet period" rules as it prepares for the
 filing of its Registration Statement for an Initial Public Offering of stock
 with the Securities and Exchange Commission.
     Stratus is a national provider of business productivity consulting and
 staffing services through its SMARTSolutions(TM) technology.  The Company
 currently operates through a network of thirty-four offices in twelve states.
 The Company has a dedicated engineering services staff providing a broad range
 of staffing, project consulting and outsourcing services.  Through its
 SMARTSolutions(TM) technology, Stratus provides a structured program to
 monitor and reduce the cost of a customer's labor resources.  Through it's
 Stratus Technology Services, LLC joint venture, the Company provides a broad
 range of information technology staffing, project consulting and outsourcing
 services.  The Company also provides a wide range of commercial staffing
 services including light industrial, clerical, distribution, technical,
 specialty and other professional services.
 
     This news release includes forward-looking statements within the meaning
 of the federal securities laws that are subject to risks and uncertainties.
 Factors that could cause the Company's actual results and financial condition
 to differ from the Company's expectations include, but are not limited to, a
 change in economic conditions that adversely affects the level of demand for
 the Company's services, competitive market and pricing pressures, the
 availability of qualified temporary workers, effects of acquisitions,
 availability of capital to sustain growth, the ability of the Company to
 manage growth through improved information systems and the training and
 retention of new staff, and government regulation.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X51056713
 
 SOURCE  Stratus Services Group, Inc.