NESCO Announces Significant Agreement With Swifty Serve

    TULSA, Okla.--May 22, 2001--Tulsa, Oklahoma-based NESCO, Inc. , a leading provider of fuel services to the fueling systems industry, today announced that the Company has agreed with Swifty Serve Corporation of Durham, North Carolina, to develop a minimum of fifteen (15) turnkey convenience stores with fueling facilities throughout the southeastern United States. The value of this Agreement is approximately $25.5 million for the balance of 2001. NESCO just completed the first of these stores for Swifty Serve in Pensacola, Florida.
    Swifty Serve currently operates over 600 convenience stores in North and South Carolina, Georgia, Florida, Alabama, Mississippi and Louisiana, with plans to add forty (40) new stores each year.
    "We are obviously very pleased to have this agreement with a company of the quality of Swifty Serve," said Eddy Patterson, CEO of NESCO. "Our turnkey service to the owners and operators of convenience stores with fueling facilities continues to expand across the country and offers companies like Swifty Serve one-stop shopping value and consistency of a quality product. Our sale/leaseback program allows the customer to use their capital to run their business instead of tying up their funds in real estate."

    This press release includes forward-looking statements made in reliance upon the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings.