Press Releases : 01/15/2007

FOR IMMEDIATE RELEASE

CONTACT:
Glen Canavera
North American Energy Services
P 425 961 4700
F 425 961 4646
glen.canavera@naes.com
http://www.naes.com

NAES Turbine Services and Leading Edge Turbine Technologies Sign Alliance Agreement

Issaquah, WA, 01/15/2007 -- ISSAQUAH, WA - NAES Turbine Services, a division of North American Energy Services Company (NAES), a broad-based provider of services to the power generation industry, and Leading Edge Turbine Technologies, an independent industrial steam and gas turbine repair company, announced today that they have entered into an Alliance Agreement. The agreement specifies that NAES Turbine Services and Leading Edge, both located in Houston, Texas, will collaborate with one another to provide field inspection and shop component repairs, respectively, of large rotating equipment, including gas and steam turbines and compressors.

David Theis, President of Leading Edge, noted that "NAES Turbine Services and Leading Edge are led by industry veterans in their respective fields, and we have periodically worked together to deliver the timely, cost-effective, and high quality services requested by our customers." John Bohrer, the General Manager of NAES Turbine Services, added that "this alliance agreement formalizes an already strong working relationship so that we can better take our respective areas of expertise to the market when our customers want us to do so."

About Leading Edge:
Leading Edge specializes in precision repair and refurbishment of complex components and assemblies associated with all critical rotating equipment. The 88,000 square foot Leading Edge facility has complete welding, machining and mechanical capabilities to service or repair all types of rotating equipment, including steam and gas turbines.

About NAES Turbine Services:
NAES Turbine Services has performed hundreds of field inspections on a wide variety of rotating equipment including steam and gas turbines. NAES Turbine Services is owned by NAES, the generation industry's leading independent, third-party provider of operations and maintenance services.

NAES is owned by ITOCHU International Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world's largest corporations.

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