Ness Energy Advances Israeli Vision: Acquires Management Of An Israeli Public Company, Expanding Operations And Opportunities In Israel

WILLOW PARK, TEXAS, U.S.A./NETANYA, ISRAEL: October 11, 2004 /PR NEWSWIRE-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced, as Part 1 of a two part company release, the completion of the pending acquisition of the Israeli management company of the Israeli oil and gas public company Modi'in Energy, with assets and relationships in Israel, complementing both Ness plans for Israeli exploration and the need for an expanded Israeli presence.

The acquisition supplies management control of the Israeli public company, which may permit additional Israeli acquisitions, exploration and transactions, utilizing the Israeli company as the workhorse.

Significant Goal Reached

Ness President and C.E.O., Sha Stephens, who became President following the death of his father, founder Hayseed Stephens, marked two goals this past year. One to increase Texas operations, which has been on a steady track with additional leaseholds, well operations and transactions with independents, and two, improving and expanding Ness in Israel, something Management believes will occur now that Ness has acquired an Israeli company with assets and relationships in the oil and gas business.

According to President and C.E.O. Sha Stephens, "While it seems we have been somewhat quiet in recent weeks, now the market will know why. We have been working on this acquisition, and I believe it will take us to a new level in Israel. While various oil and gas deals exist here in Texas, Wall Street recognizes our company has an added plus, and that is the international aspect of offshore pursuits in Israel."

Acquisition Information

Ness will release the final agreements and additional acquisition details within a few days and will supply further news as the result of this acquisition and the planned Israeli meetings.

Preliminary details include, in summary, Ness Energy of Israel, Inc., now controls management of the public trading Israeli partnership Modi'in Energy. Modi'in has certain rights in offshore oil and other pursuits with large oil companies such as ISRAMCO and NAPHTA, and has, subject to legal conditions, rights to finance opportunities in Israel relating to shareholders and investors living there.

About Ness-The Vision

Ness Energy is an aggressive, emerging oil and gas company building on deals that make sense. Ness Energy operates interests in the Ft. Worth Basin and the Coastal Plains regions of Texas. Ness is also a very active player in the energy industry in Israel carrying out the Vision of The Company. Ness Energy is building at a high-speed pace through Merger, Acquisitions, Drilling, Re-Work and Re-Entry.

Certain Information

Certain statements above are forward-looking based on Management's expectations or estimates, subject to change. Words like "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar identify them. They are not guarantees of performance or otherwise and are subject to risks, uncertainties and other factors, some beyond control and difficult to predict. Therefore, outcomes may differ materially from these statements. Do not place undue reliance on them. 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 information created or distributed by any outside party and endorses only its official Press Releases. Figures are estimates unless otherwise noted and are subject to final figures in financial filings with the SEC. Comments concerning plans, filings, reports or other documents are limited in that they may express opinions or be summaries of less than all of the information.

CONTACT:

Ness Energy International, Inc.
Tina Sbriglia - Investor Relations
(817) 341-1477 or info@nessenergy.com
Visit us on the web at http://www.nessenergy.com/