The ESP Advantage. Our People

My 2008 message to all ESP Employees and Shareholders

From the Chairman and Chief Executive Officer,

We begin this New Year with many mixed signals and uncertainties as it relates to the Inspection Industry because the Residential Inspection Industry has generally relied heavily upon the real estate market. In creating ESP, I realized the importance of establishing a new breed of Inspectors along with the services they market without relying on market trends or seasonal changes.  In the past year, ESP began to reshape its structure to create a National Organization that would take the leadership role in the Moisture/Mold and Home Inspection industries.

Since ESP began the move toward the new concept for a “Healthy Living Environment” our Team discovered many groups and organizations were aware of the importance of this concept, but were unable to find a cost effective solution to their concerns.  Many State Health Departments realize the seriousness of Moisture/Mold to the health of an individual, but have previously downplayed a recommendation of having the consumer conduct an inspection because of the high cost. Even the CDC¹ “suggests people should take routine measures to prevent mold growth in the home and in commercial structures, usually by stopping the accumulation of moisture”.

Further evidence in 2007 to validate that we are heading in the right direction with ESP’s new inspection programs has been confirmed by the Canadian Federal Ministry of Health² which has linked specific health related issue; especially Asthma-related symptoms to be connected to the exposure of molds and also links mold to ODTS (Organic Dust Toxic Syndrome) . Also, The Mortgage Bankers Association³ states” Remediation, the most important step in dealing with a mold or water damage problem is prompt discovery and timely response.  An annual moisture inspection would mitigate potential areas of risk by early detection greatly reducing the financial impact.” These are just a few of the recent developments that are changing the way we think and live in 2008.  

Our Annual Moisture Mold Management Inspection Program is the solution for these concerns. It will establish a well balanced, cost-effective solution to an issue that for many years has not been dealt with due to its uncertainty of liability.

We have begun the consolidation of several industries with our CEHI Programs and are ready to develop our relationships with the primary stakeholders: “The Insurance Industry, Mortgage Bankers and the Consumer. We will introduce the new way to reduce losses and become more proactive with these stakeholders to benefit all parties concerned.

Many will envision this coming year as a “down turn market” or as an “adjustment period.” I see this coming year as an opportunity to reshape an existing industry into one of the foremost and most important up and coming industries. ESP understands the issues that affect the Insurance, Mortgage Banking, Real Estate and Building Industries as they relate to moisture and mold.  We also understand the relationship between these Industries and the Consumer. The Consumer wants to believe that we care and we do care.  When all of us work together to create healthier living environments, every stakeholders will benefit. I feel that we can continue to grow bigger, reach further, and become more profitable.  

The best way for ESP to grow its profit share is through voluntary measures which are aimed at soothing community and government concerns. This will be accomplished through education, avoiding governmental regulation, promoting a strong public relations strategy and continuing our marketing campaign that promotes ESP as a company concerned with improving daily life. We will continue to establish strong alliances with other existing businesses that follow a similar path. ESP will strive to deliver “Peace of Mind”.

I look forward to a successful 2008 for ESP and for its Shareholders and look forward to leading our company toward the many outstanding opportunities that await us in order to achieve a bright and successful future for us all.

Sincerely,

Edward L. Torres
Chairman and CEO
ESP, Inc.

¹      The CDC - http://www.cdc.gov/health/mold.html

²      Health Canada - Moulds, Residential Indoor Air Quality, March 2007 and INSPQ-Health Risks Associated with the Indoor Presence of Moulds. - http://www.hc-sc.gc.ca/ewh-semt/pubs/air/mould-moisissure_e.html

 ³     The Mortgage Bankers Association - White Paper “Mold: Steps Toward Clarity” 2005 - http://www.mortgagebankers.org/cmnewslink/issues/2005/11/10.asp#weekly1

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