Ness Energy Wins Lawsuit Eliminating Litigation Burden and Risk

WILLOW PARK, TEXAS, U.S.A./ NETANYA, ISRAEL: October 15, 2003/PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced it has successfully won the only pending litigation involving the Company. A lawsuit had been pending for some time now in Ector County, Texas. Ness indicated last week it felt it would be able to confirm a successful result, and now is able to do so, after review of the court directed order.

Background

In July 2000, a complaint was filed by Chow-Taw, Inc., et al vs. Ness Energy International, Inc., et al with the District Court in Ector County, Texas, the heart of the Permian Basin, demanding payment of a $325,000 commission for the purchase of an Ideco H-3000 drilling rig. Ness and it's counsel emphatically denied all liability whatsoever to plaintiff. This denial was based upon the fact that Ness never had a contract with the plaintif. Ness mounted a vigourous defense in this matter before a binding court ordered arbitration. "As in most court cases where you have a judge or jury, you never know how they will decide, so there was some uncertainty as to what the ruling would be.  We knew we were in the right, we were certain of that, our concern was regarding fairness and proper interpretation of facts by the arbitrator." commented Ness President Sha Stephens. 

Ness Wins

Ness Energy International, Inc. and related parties were exonerated of all complaints that were brought, which were based on breach of contract and quantum meruit.

Sha Stephens, President of Ness, recently took charge of dealing with Ness counsel to finalize the defense of the suit, including attending a lengthy preparation, and the proceeding, involving court ordered arbitration. 

According to President Stephens, "We were subjected to a suit we thought to be unfounded and unfair.  We had not done anything to create the suit, therefore we felt we had no liability. Many companies and professionals are attacked by these type of lawsuits, we had to muster our resources and defend. The arbitrator conclusion was based on good, solid truth brought forth by our excellent counsel. All claims for awards sought by the plaintiff were Denied." Not only did the plaintiff lose the claims, they also failed on a demand of attorney fees against Ness.

The company filings, which have carried disclosure of the suit, somewhat of a negative point to potential investors, will be properly amended or updated to reflect the ruling, and therefore remove the concern of any pending legal action against Ness Energy Internatonal, Inc.

President Stephens also stated, "Recently Ness Energy, by determination of the accountants, was able to remove the financial 'going concern' risk in its financial statements. Now we are again able to report another positive event for our Company which will result in the removal of all 'pending litigation concern' from our SEC filings. We feel, beyond doubt, that these events will benefit us in our business dealings."

Other News

Ness continues with acquisition plans, and also, in addition, schedules meetings in Wall Street for the coming week, aniticipating additional news both this week and next on these matters of importance.

About Ness-The Vision

The current business of the Company is focused upon development and execution of oil and gas exploration plans with a focus both on pursuits in the petroleum rich State of Texas, and also in the Middle East, specifically Israel. Ness believes that Israel is a place where "science and The Bible shake hands" We believe Ness will achieve the vision of the location and recovery of an abundant source of oil and gas in Israel to supply Israel and the Christian communities with supernatural wealth.

Certain Information

Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.

Further Information

CONTACT: Mary Gene Stephens, Executive Secretary of Ness Energy
International, Inc., 1-817-341-1477