OTC Bulletin Board S & P Company Insight for ENVIRONMENTAL SERV
Profile
	Business Summary: Environmental Service Professionals, Inc., through its subsidiaries, provides various inspection services to address mandated energy certification, construction defects, moisture, and other environmental issues in commercial and residential buildings in the United States.   Address   1111 E Tahquitz Canyon Way Ste 110   Palm Springs , CA 92262-0113   Phone: 760-327-5284   Fax: 760-327-5630   Website: http://www.evsp.com Auditor   Stan J.H. Lee Transfer Agent   Corporate Stock Transfer, Inc. Employees:  14 ShareHolders:  250 Founded:  1992 Domicile:  Nevada
Background
	Environmental Service Professionals, Inc., through its subsidiaries, provides various inspection services to address mandated energy certification, construction defects, moisture, and other environmental issues in commercial and residential buildings in the United States. The company also offers annual trade memberships and management services for industry related associations. It offers EcoCheck Inspection program, a multi-disciplined inspection program focused on reducing liabilities and mitigating risks. This program protects homeowners, businesses and retail properties, builders, lenders, mortgage brokers/agents, and other real estate oriented properties relating to state mandated energy certification, construction defects, moisture, or other environmental issues. The company also provides Certified Environmental Home Inspector and Healthy Living Maintenance programs. The company was formerly known as Glass-Aired Industries Group, LTD. and changed its name to Environmental Service Professionals, Inc. in October 2006. Environmental Service Professionals, Inc. was incorporated in 1992 and is headquartered in Palm Springs, California. History:  INCORPORATED in Nevada Sept. 29, 1992 as Glas-Aire Industries Group Ltd. to acquire on Dec. 11, 1992, all of the issued shares of Multicorp Holdings Inc., organized on Apr. 21, 1982, in exchange for 150,000 Common shares. Name changed to Environmental Service Professionals, Inc. Oct. 11, 2006 on completion of a merger with Pacific Environmentral Sampling, Inc. d/b/a Environmental Sampling Professionals (ESP), a California corporation incorporated on May 6, 2002. To effect the merger, the company issued 14.625 million shares of its Common stock to ESP in exchange for a like number of ESP Common shares. Following the merger, ESP became a wholly owned subsidiary of the company.   Subsidiaries: Association of Construction Inspectors Environmental Assessment Association Environmental Safeguard Professionals, Inc. Housing Inspection Foundation International Association of Managers, Inc. International Real Estate Institute International Society of Meeting Planners National Association of Real Estate Appraisers National Association of Review Appraisers and Mortgage Underwriters National Professional Services, Inc.
Management
	Management Officers Position  Edward L. Torres Chairman, President, Chief Financial Officer & Chief Executive Officer  Lyle A. Watkins Secretary & Chief Operating Officer Directors  S. Robert August  Greg  Buss  Robert S. Iger  Leroy  Moyer  Edward L. Torres  Lyle A. Watkins
Annual Report
	Annual Report   Income Statement   2008 2007 REVENUES Income 1,270,838 581,803 Total Revenues 1,270,838 581,803 EXPENSES Cost of Goods Sold (463,669) (57,104) General and Administrative (1,640,298) (3,262,125) Directors' Fee (3,750,000) - Professional Fees (1,002,503) (1,975,798) Depreciation (18,335) (13,281) Impairment of Goodwill - (11,444,380) Interest Expense (1,607,444) (209,099) Interest Income - 366 Finance Fees (409) (4,407,663) Other Income 54 234,019 Other Expenses (428) (914,846) Earnings before Taxes (7,212,194) (21,468,110) TAXES AND OTHER EXPENSES Net Income (Loss) (7,212,194) (21,468,110) SUPPLEMENTARY INFO Gross Profit/loss 807,169.00 524,699.00 Operating Income (Loss) (5,604,376.00) (9,134,168.00) Basic EPS - Continuing Operations (0.16) (1.18)   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 8,744 - Accounts Receivables 79,814 138,180 Receivables-other 9,199 9,867 Prepaid Expenses - 926,254 Total Current Assets 97,757 1,074,301 NON CURRENT ASSETS Net Property and Equipment 54,637 72,972 Net - Association Membership List 751,750 639,852 Employee Advances 90,944 - Deposits 2,120 2,120 Total Assets 997,208 1,789,245 CURRENT LIABILITIES Accounts Payable 2,081,707 1,308,814 Accrued Liabilities 233,212 144,502 Line-of-credit 583,461 220,417 Loan Payable 2,958,885 1,947,746 Loans Payable, Related Party 28,493 22,900 Bank Overdraft 83,758 336,369 Taxes Payable 1,151 - Total Current Liabilities 5,970,667 3,980,748 NON CURRENT LIABILITIES Unsecured Loan Payable 1,243,934 1,243,934 SHAREHOLDERS' EQUITY Common Stock - Par Value 55,599 21,783 Additional Paid in Capital 24,964,720 20,568,300 Retained Earnings (31,237,710) (24,025,520) Total Shareholders Equity (6,217,393) (3,435,437) Total Liabilities & Shareholders Equity 997,208 1,789,245
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 130,000   2008   1 70,000   2008   Full Year 1,270,000   2007   1 250,000   2007   2 160,000   2007   3 1,230,000   2007   Full Year 580,000   2006   Full Year 80,000   2005   Full Year 870,000     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (830,000)   2008   1 (1,450,000)   2007   1 (1,140,000)   2007   2 (9,390,000)   2007   3 (5,050,000)   2006   Full Year (541,000)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.01)   2008   1 (.07)   2008   Full Year (.16)   2007   1 (.08)   2007   2 (.50)   2007   3 (.25)   2007   Full Year (1.18)   2006   Full Year (.08)   2005   Full Year (.01)
Stock Data
	Capitalization as of 03/31/2009:     Authorized Shares Outstanding Shares Preferred $0.01 par 1,000,000 None Common $0.001 par 295,000,000 57,310,345   LONG TERM DEBT: $1,243,934.   Common $0.001 par   Stockholders:  03/31/2009, 250. PRINCIPAL STOCKHOLDERS: March 31, 2009, Edward Torres owned or controlled 40.1% of the Common, and Lyle Watkins 16.5%.   Transfer Agent:  Corporate Stock Transfer, Inc.   Denver , CO   OTC Bulletin Board( Primary): EVSP   Exchange Year High Low OTC Bulletin Board 2008 0.2500 0.0100 OTC Bulletin Board 2007 2.2000 0.1500 Over The Counter 2006 1.5000 0.0375 Over The Counter 2005 0.1875 0.0750 Over The Counter 2004 0.7500 0.1125 Over The Counter 2003 1.7625 0.1125 Over The Counter 2002 6.8250 0.3000 NASDAQ Small Cap 2001 11.6250 2.8875   DIVIDENDS: Common $0.001 par: No cash. Common split 1-for-3.75 reverse, Oct. 10, 2006.