Ness Energy Receives Milestone Event:
$20 Million Funding Commitment; That Could Support Our Oil Activities
in Israel and the United States!

Updated: Tuesday, June 25, 2002 10:22 AM ET

WILLOW PARK, Texas, June 25 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced today it has received a funding commitment, from an investor in a private transaction, providing an agreement to purchase up to $20 million of Ness stock over a three year period in the form of monthly draw downs or "puts." The funding is subject to various conditions and terms, including stock market conditions as to the price and volume of Ness stock, and the required effectiveness of a future registration statement for the future sale of the shares. The Company expects to file a registration statement with the SEC shortly in connection with the financing.

The main proceeds from the financing are intended to be used to continue the pursuit of all phases of the Israeli oil and gas vision . The Company anticipates it will accelerate its Israeli activities immediately following the start of the funding.

"Today marks another milestone in years of hard work and patience on the part of our shareholders and employees," said Hayseed Stephens, Ness Energy's Chief Executive. "We have a vision of pursuing what we believe to be abundant oil and gas reserves in Israel. We have worked tirelessly to attain the financial resources to pursue this opportunity. We are a major step closer to capitalizing on these compelling opportunities. We believe our shareholders, employees, the Israeli, Christian, and other communities will benefit from our drilling in Israel and the southwestern United States."

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For additional information or questions, call Mary Gene Stephens, Executive Secretary, at 817-341-1477.

Let me make this perfectly clear. Hayseed and I are prophecy students. At this point Hayseed is not offering any stock for sale. Not only is he not offering it for sale, but both Hayseed and I will tell you not to buy NESS Energy stock until both you and your spouse agree and have the peace of God .

Hayseed is planning to drill an oilwell for Israel to become financially strong.  Oilwells are risky and you should not put money into this stock that you can not afford to lose. -Stan