USIS Announces Letter of Intent to Acquire Fixed Communications Network Infrastructure Provider

Apr 30, 2001, 01:00 ET from US Industrial Services, Inc.

    HOUSTON, April 30 /PRNewswire/ -- US Industrial Services, Inc.
 (OTC Bulletin Board:   USIS) announced the signing of a Letter of Intent to
 acquire Point to Point Network Services of Methuen, Massachusetts.  Point to
 Point provides fixed communications networking design and build-out services,
 such as voice, data, and video, to the communications industry.  The
 consideration for Point to Point is cash and 2,000,000 newly issued common
 shares of USIS stock.
     Commenting on this transaction, President and CEO Frank J. Fradella
 stated, "Point to Point is a leader in convergence infrastructure.  The
 consolidation of voice, data, and video should be a complement to the
 investment USIS will make in our wireless support services group.  As the roll
 out of 3G becomes more defined, this addition of fixed communication services,
 combined with adding another geographic presence, should provide our customer
 constituency with multiple infrastructure services presented by one provider.
 As we integrate these services with our other previously announced acquisition
 candidates, USIS is beginning to define the markets of its 'buy and build'
 strategy.  We are pleased to welcome the Point to Point employees and
 customers to the USIS family."
     W. Michael Sullivan, President of Point to Point Network Services noted,
 "We believe that the impact of adding our unique communication market niche
 complements the USIS strategy tremendously.  What started as a company
 providing cable installation fourteen years ago has grown to offer a host of
 products in the cable, voice and data space.  Together, we will continue to
 provide high quality solutions to our customers, and we look forward to
 expanding our suite of products, services and geographic coverage.  We are
 thrilled about becoming part of the USIS team."
     USIS expects to complete this transaction within the next few months upon
 completing further due diligence.  The Company continues to pursue the signing
 of definitive agreements with Strata Design Services, Stratacom Engineers &
 Constructors and Apache Telecom, LP, all providers of wireless infrastructure
 services.
     Statements included in this update that are not historical in nature are
 intended to be, and are hereby identified as, "forward-looking statements" for
 purposes of the safe harbor provided by Section 21E of the Securities Exchange
 Act of 1934, as amended by Public Law 104-67.  Forward-looking statements may
 be identified by words including "anticipate," "believe," "intends,"
 "estimates," "expect," and similar expressions.  The Company cautions readers
 that forward-looking statements including, without limitation, those relating
 to the Company's future business prospects are subject to certain risks and
 uncertainties that could cause actual results to differ materially from those
 indicated in the forward-looking statements, due to factors such as those
 relating to economic, governmental, technological, and other risks and factors
 identified from time to time in the Company's reports filed with the SEC.
 
      CONTACT: INVESTOR RELATIONS
      MR. ANDREW WHITE
      214-561-0815
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X64645883
 
 

SOURCE US Industrial Services, Inc.
    HOUSTON, April 30 /PRNewswire/ -- US Industrial Services, Inc.
 (OTC Bulletin Board:   USIS) announced the signing of a Letter of Intent to
 acquire Point to Point Network Services of Methuen, Massachusetts.  Point to
 Point provides fixed communications networking design and build-out services,
 such as voice, data, and video, to the communications industry.  The
 consideration for Point to Point is cash and 2,000,000 newly issued common
 shares of USIS stock.
     Commenting on this transaction, President and CEO Frank J. Fradella
 stated, "Point to Point is a leader in convergence infrastructure.  The
 consolidation of voice, data, and video should be a complement to the
 investment USIS will make in our wireless support services group.  As the roll
 out of 3G becomes more defined, this addition of fixed communication services,
 combined with adding another geographic presence, should provide our customer
 constituency with multiple infrastructure services presented by one provider.
 As we integrate these services with our other previously announced acquisition
 candidates, USIS is beginning to define the markets of its 'buy and build'
 strategy.  We are pleased to welcome the Point to Point employees and
 customers to the USIS family."
     W. Michael Sullivan, President of Point to Point Network Services noted,
 "We believe that the impact of adding our unique communication market niche
 complements the USIS strategy tremendously.  What started as a company
 providing cable installation fourteen years ago has grown to offer a host of
 products in the cable, voice and data space.  Together, we will continue to
 provide high quality solutions to our customers, and we look forward to
 expanding our suite of products, services and geographic coverage.  We are
 thrilled about becoming part of the USIS team."
     USIS expects to complete this transaction within the next few months upon
 completing further due diligence.  The Company continues to pursue the signing
 of definitive agreements with Strata Design Services, Stratacom Engineers &
 Constructors and Apache Telecom, LP, all providers of wireless infrastructure
 services.
     Statements included in this update that are not historical in nature are
 intended to be, and are hereby identified as, "forward-looking statements" for
 purposes of the safe harbor provided by Section 21E of the Securities Exchange
 Act of 1934, as amended by Public Law 104-67.  Forward-looking statements may
 be identified by words including "anticipate," "believe," "intends,"
 "estimates," "expect," and similar expressions.  The Company cautions readers
 that forward-looking statements including, without limitation, those relating
 to the Company's future business prospects are subject to certain risks and
 uncertainties that could cause actual results to differ materially from those
 indicated in the forward-looking statements, due to factors such as those
 relating to economic, governmental, technological, and other risks and factors
 identified from time to time in the Company's reports filed with the SEC.
 
      CONTACT: INVESTOR RELATIONS
      MR. ANDREW WHITE
      214-561-0815
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X64645883
 
 SOURCE  US Industrial Services, Inc.