Ness Energy Validates Improved Financial Perspective; Public Accountants Eliminate Going Concern Limitation

WILLOW PARK, TEXAS, U.S.A./ NETANYA, ISRAEL:  September 23, 2003/PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced the determination by the companies' independent public accountants to remove the going concern limitation pertaining to the financial statements, a move Management believes is reflective of the improved financial perspective of Ness, a company that has seen a steady increase in the price of its stock as it pursues a new outlook.

New Development

Ness has been notified, by the independent public accounting firm, that the firm of accountants has determined Ness is no longer subject to a going concern limitation and further Ness may amend its financial statement disclosure to remove the limitation.

The firm, independent from the Company in accordance with SEC mandates, supplies accounting services, including annual audits, and was under no obligation to make this beneficial determination, one which may, among other potential benefits, lead to increased activity in relation to funding and other deal sources.

According to Sha Stephens, Ness President and C.E.O., "Simply put, a going concern limitation can be viewed as a strike against a company. It tells people, including potential investors, stock market players and funding sources, to beware that a company may not be able to continue, cannot pay its bills...... is at serious risk. My further opinion is removal of this limitation will strengthen our developing negotiations with deal sources, given the removal of a major impediment to deal making. Nobody can say for sure in the days ahead, but this good news is a blessing which should give us support in our pursuits."

Hand in Hand With Stock Performance

Ness believes the removal of this limitation goes hand in hand with the continued stock performance of recent weeks, strong points to be made with potential deal sources. According to Pres. Stephens, "We are in a dynamic phase where hard work is matched by new blessings. Shareholders have seen, from recent weeks, a growth in value, improved liquidity, the start of active well operations, and now the beneficial accounting change." Further, "We are committed to continue the work on many levels, in the field where workers are moving earth on Ness projects, and in the market, like negotiations we are having with Wall Street sources. The Good Book says man should subdue the earth and its resources so I am proud to be part of a company with thousands of believers as supporters doing what the Word calls us to do. "

Ness Plans Amended Filing

Ness is preparing to file an appropriate amendment to its public company filings to reflect this news and believes this event will also be taken as a positive move, with further news to be released as it develops.

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 oil rich State of Texas, and also in the Middle East, specifically Israel. Ness believes that Israel is a place where science and religion walk hand in hand and that 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, God willing.

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