EES Ecomax Energy Services Ltd.

EcoMax Energy Services Ltd. (TSX VENTURE:EES) ("EcoMax") announced record
earnings for the quarter ended June 30, 2008.


The sale of the Company's Sylvan Lake assets resulted in a gain (after taxes) of
$684,000, which contributed to the Company recording net income of $498,000
($0.020 per share) for the quarter ended June 30, 2008 compared to $66,000
($0.003 per share) in the same period of 2007. The Company's continuing
operations recorded a loss of $116,000 ($0.005 per share) in the quarter
compared to a loss of $73,000 ($0.003 per share) in the 2nd quarter of 2007. The
2nd quarter's operations were adversely affected by continuing reduced activity
levels in the drilling and well service industries. Industry analysts seem to be
of the view that this activity will improve starting in the 3rd quarter of 2008.


In reviewing the Company's past and future performance, Mark Hopkins, the
Company's CEO, noted:


"The Company is making progress in restructuring its operations to create a
financially sound and profitable business. In May, EcoMax completed the sale of
its Sylvan Lake valve operation for net proceeds of approximately $2.3 million
and the consignment of its inventory with the purchaser. This allowed the
Company to repay and restructure the credit facility with its bank and will
allow the Company to complete the closure of its Calgary shop in the 3rd quarter
of this year.


The sale of the valve operation at Sylvan Lake and the closure of the Calgary
shop will significantly reduce the Company's cost base and will allow EcoMax to
concentrate on growing its BOP sales and service business. The Red Deer BOP
facility and the completion of the expansion to our Leduc BOP facility should
allow us to generate new business and improve profitability.


While the Company and many in the natural gas industry believe the EcoMax Pump
is a viable economic and environmental solution to the emission of CO2 at
natural gas facilities, the lack of sales has resulted in EcoMax significantly
reducing our investment in marketing the Pump until a suitable partner can be
found to provide adequate funding and share the risk. The Company has reduced
costs through staff reductions and the moving of the Pump inventory and
equipment to our Red Deer facility will reduce facility costs. We are
maintaining the ability to pursue existing sales leads, seek a partner to market
the Pump and to maintain pumps purchased by our customers.


The sale of our valve business has significantly improved the Company's
financial position. Working capital at June 30, 2008 was $900,000 compared to
negative working capital of $1,150,000 at the end of the previous quarter. The
Company is pursuing various alternatives to further solidify our financial
position. These possibilities include raising new equity and/or securing a term
debt facility.


The Company also believes that this is a very difficult and expensive time to be
a small public company. We are looking at alternatives that would spread the
costs of being public over a much larger revenue base. These would include
acquisitions, sales or mergers that would allow our shareholders to benefit from
being part of a larger business. The changes made to date have taken longer than
we had originally anticipated, but we believe they put us on a much better
footing to move forward."


Summarized financial information for the quarter and six months ended June 30,
2008 and 2007 are as follows (in thousands of Canadian dollars):




                          Quarter ended June 30    Six months ended June 30
                         -----------------------  --------------------------

                               2008        2007             2008       2007
                             -------    --------          -------    -------
CONTINUING OPERATIONS
Sales                         1,743       2,773            3,913      4,778
Cost of sales                 1,398       2,111            3,088      3,663
                             -------    --------          -------    -------
Gross margin                    346         662              825      1,115
                             -------    --------          -------    -------
Expenses
 Selling, general & admin       381         585              860        997
 Stock-based compensation        29          55               58        110
 Amortization                    28          66               50        131
 Interest                        24          29               73         61
                             -------    --------          -------    -------
                                462         735            1,041      1,299
                             -------    --------          -------    -------
Loss from continuing 
 operations                    (116)        (73)            (216)      (184)
Income from discontinued 
 operations                     614         139              382        134
                             -------    --------          -------    -------
Net income                      498          66              166         50
                             -------    --------          -------    -------
                             -------    --------          -------    -------

Working capital                 901         497
      
Shareholder's equity          1,719       2,870



To review the complete financials, please go to SEDAR's web-site at www.sedar.com.

About EcoMax Energy Services Ltd.:

EcoMax Energy Services Ltd. is an oilfield services company whose product
offering includes BOP sales and service solutions to the oil and gas and other
industries in Western Canada and the patented EcoMax Chemical Pump.

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