Specialized Services, Inc. (SSI) Posts 325% Revenue Increase

SOUTHFIELD, Mich., May 1 /PRNewswire-FirstCall/ -- Specialized Services, Inc., PinkSheets: SPSI, the surging Michigan-based fuel-services distribution corporation, announced it will file to uplist to the Over the Counter Bulletin Board as a fully reporting, SEC compliant company. With the current completion of all required audited financials, the company is submitting the standard Form 15c211, and will immediately seek approval to begin trading on the Bulletin Boards.

"Passing this milestone will allow Specialized Services to perform on a platform with higher visibility and participation, leading to our expansion through new merger and acquisition targets," said Chairman, President and CEO David E. Joseph. "We will continue to focus on vertical integration by acquiring Gas Stations and Convenience Stores which will be supplied by our state-of-the-art Network of Value Enhanced Leadership -- or NOVEL -- system Fuel Distribution Network."

As Specialized Services (SSI) uplists to the OTCBB, the company is experiencing exponential revenue increases. According to the latest reports, Specialized Services saw its revenues more than triple -- from approximately $60,000 to nearly $190,000 for the nine-month period ending September 30, 2007 compared to the nine-month period ending September 30, 2006. Gross billings covering all company services came in at $12,296,488 for the nine-month period ending September 30, 2007, compared to $14,657,106 for the nine-month period ended September 30, 2006. The majority of the company's billings are from the distribution of fuel product.

SSI was founded in January 1988 as a minority-owned Michigan s-corporation in the fuel services distribution business, principally to truck-fleet customers. Over the past 20 years, the company has developed a diversified line of services but retained a specialty in petroleum product sales and consulting.

"Specialized Services maintains a sophisticated Fuel Services Program that provides many advantages to our clients," Joseph explained. "Due to the current situation with significant fluctuation in fuel costs, we have established a tracking system to monitor those costs across the country. Our clients have found that capability to be very valuable in today's volatile pricing climate."

Fleet truck drivers are then issued a FSP Credit Card to track all road purchases of fuel. "We then gather and analyze this data to determine the consumption patterns of each fleet, and we are able to negotiate 'bulk purchase' discounts for our client," Joseph said. "We currently provide our Fuel Services Program to approximately 12 truck fleets, and have arrangements with 3,000 fuel stations under a wide variety of formats across the nation."

Specialized Services has strong ties to both ends of the fuel industry -- not only to consumers but also to vendors. The company has contractual arrangements with over eight fuel distribution centers, many of which operate multiple truck stops and similar facilities nationally.

"These arrangements yield a pricing advantage, because we are able to 'shop' for the best local prices on behalf of our customers," Joseph explained. "As gas and oil prices rise and become less stable, there is an increased opportunity for us to maximize profits for our clients."

In addition to the Fuel Services Program, the company owns a competitive local exchange carrier license to provide telecommunication services, and in the third quarter of 2007, it began making investments in short-term residential purchase, remodel, and sale projects.

"With the rigorous financial auditing process behind us, we will now shift our attention to corporate expansion, including acquisition and merger targets that our partners at GFS Investments have brought to our attention," Joseph said. "We ask our shareholders to stay tuned in the near future for a series of corporate actions that will better position Specialized Services during this period of volatile oil prices."

For more information on Specialized Services, Inc., visit www.spsv-inc.com or call (248) 557-1030.

To schedule an interview with SSI Chairman, President and CEO David Joseph, please call Peter Wendel at 202.380.5120.

Specialized Services, Inc. (SSI) is 17-year-old Michigan-based company that provides high-level expertise in the development and implementation of customized purchase support services that help transportation customers control expenses -- saving them time and money. For more information, visit www.spsv-inc.com .

Forward-Looking Statements

Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "plans," "believe," "intends," "estimates" "expects" and "projects" including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward- Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. See www.sec.gov .