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New York, NY, April 28, 2006. U.S. Energy Systems, Inc. (Nasdaq: USEY) as part of its strategy for its UK operations has appointed Mr. Gary Neus, who has been acting as a consultant to USEY on its UK transaction, to the position of Chief Financial Officer of UK Energy Systems Ltd. UK Energy Systems is US Energy's majority owned UK subsidiary. Mr. Neus is the former Assistant Treasurer of Unocal Corporation, a leading oil and gas exploration and production Company recently acquired by Chevron Corporation. He has over 30 years experience in energy and energy finance and was a former Vice President of Amoco Energy Resources in the UK and the former Sr. Vice President and head of project finance for NatWest.
Asher Fogel, USEY's Chief Executive officer, stated, "We are thrilled to add such an experienced and highly qualified individual to the Company. Gary's contribution to date has been invaluable and his senior role in our UK operations will add depth of experience and knowledge of the industry to our management team."
About U.S. Energy Systems, Inc.
U.S. Energy Systems, Inc is an owner of generating facilities and a provider of energy outsourcing services for large retail customers, including industrial, commercial and institutional end users. USEY owns and operates energy projects in the United States that generate electricity and thermal energy and use renewable fuels.
For further information contact:
Investor Relations Department
U.S. Energy Systems, Inc.
750 Lexington Avenue
15th Floor
New York, NY 10022
212-588-8901
info@useyinc.com
Certain matters discussed in this press release are forward-looking statements, and certain important factors may affect the Company's actual results and could cause actual results to differ materially from any forward-looking statements made in this release, or which are otherwise made by or on behalf of the Company. Such factors include, but are not limited to, changes in market conditions, the inability to commence planned projects in a timely manner, the impact of competition, the ability to complete acquisitions, risks associated with acquisitions, as well as other risks detailed from time to time in US Energy's Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2004, as amended. We do not undertake to update any of the information set forth in this press release.
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