ESP Resources Reports Fourth Quarter and Full-Year 2013 Financial Results

ESP Resources Reports Fourth Quarter and Full-Year 2013 Financial Results

    Production Petrochemical Sales Increase 60% for Quarter, 30% for Year
         Adjusted EBITDA Swings to Profit of $465,000 in the Quarter
                       Quarterly Net Loss Decreases 81%

LAFAYETTE, La., April 25, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc.
(OTCBB:ESPI), an oil and gas services company, announced audited financial
results for the three and twelve months ended December 31, 2013.

Fourth Quarter 2013 Highlights

Fourth quarter 2013 financial results, as compared to fourth quarter 2012,
were as follows:

  *Total revenues from production petrochemicals were $2,416,805, as compared
    to $1,511,323, an increase of 60%.
  *Adjusted EBITDA, a non-GAAP measure, swung into the positive at $464,885,
    as compared to a loss of $(904,968).
  *Gross profit margin increased by 20% to 62.2% in the fourth quarter of
    2013 due to the higher margins on sales of production petrochemical
    products, which constituted 100% of sales in the quarter.
  *Operating loss from continuing operations decreased 100% to a profit of
    $12,292, as compared to a loss of $(2,398,335) for the comparable 2012
    period.Excluding a loss on disposal of certain assets of $126,733 that
    occurred in the fourth quarter 2013, pro forma operating profit was
    $125,133 for the quarter.
  *Net loss for the quarter decreased 81% to $(575,521), as compared to
    $(2,952,336) for the comparable period.
  *While total revenues for the quarter decreased by $725,097 as compared to
    the comparable period, fourth quarter 2012 revenues included sales from
    divisions that were non-core to the Company's business and have since been

Management Comment

"In the fourth quarter, our operating cash flows and gross margins represented
a positive trend.This past year was certainly challenging, but our decision
in early 2013 to discontinue certain non-core divisions and focus on our core
production petrochemical business has proven to be a very successful
strategy," said David Dugas, President and Chief Executive Officer. "Our gross
margins were impacted by the significant increase in production petrochemical
sales, as compared to completion petrochemicals. While we continue to pursue
opportunities in completion petrochemical work for our customers, we are now
focusing most of our efforts on growing our production business."

"We expect this positive trend in sales to continue in 2014 as we seek out
capital to fund our growth.We remain confident in our ability to attract
financing as we continue to show positive results. In the meantime,
opportunities for new business have grown due to our ability to achieve better
performance from our products and services over our competitors when deploying
our chemical programs on new wells."

Full-Year 2013 Financial Results

Revenue for the year-ended December 31, 2013 was $10,591,111, compared to
$16,987,213 for the same period in 2012, a decrease of $6,396,102, or 38%. The
decrease was primarily due to a reduction in the completion petrochemical
sales and services to customers engaged in hydraulic fracturing.This decrease
totaled $8,605,000 for 2013, as compared to 2012, but was offset by an
increase in production petrochemical sales of 30%, or $1,966,970.The increase
in production petrochemical sales represents higher revenue from both new and
existing customers through sales of additional production petrochemical
products at existing customers' well-sites.

The Company's gross profit from continuing operations, as a percentage of
revenue for the year, was 51% compared to 45% for the same period in 2012, an
increase of 6%. The increase in gross margin reflects an increased portion of
business from production petrochemical sales. These have a higher gross profit
margin of 54% compared to the 40% gross profit margin of completion chemicals.

General and administrative expenses decreased by $2,760,666, or 26% for the
year. The decrease in expenses for the year is primarily due to the reduction
of the company's operating personnel from 52 to 39 employees and to a decrease
in business development costs for international opportunities from $1,167,000
in 2012 to $714,000 in 2013. In addition, the company incurred $700,000 in
legal fees as a result of litigation in 2012, namely the trade secret
infringement lawsuit initiated in March 2012 to protect the company's trade
secrets. There were no comparable amounts in the 2013 calendar year.

The stock-based compensation included in the general and administrative
expenses was $1,177,697 and $2,482,678 for the years ended December 31, 2013
and 2012, respectively, a decrease of 52.6%.

The company recognized a loss on disposal of assets in 2013 of $327,174 and an
impairment loss on assets held for sale of $133,556, representing the closure
cost of the former corporate offices in The Woodlands, Texas and anticipated
loss on assets held for sale.There were no comparable amounts in the prior
fiscal year.

Net loss for the year ended December 31, 2013 was $(5,237,777), an increase of
$156,045 compared to a loss of $(5,081,732) for the same period in 2012. The
primary reason for the increase was due to the loss from discontinued
operations of $365,421 compared to $103,221 for the comparable period in 2012.

About ESP Resources, Inc.

ESP Resources, Inc. is a publicly traded oil and gas services company
headquartered in Lafayette, Louisiana.The Company manufactures, blends,
distributes and markets specialty chemicals and analytical services to the oil
and gas industry.The Company's senior management has over 100 years of
combined operating experience in the oil and gas services industry.More
information is available on the Company's Website at

Legal Notice Regarding Forward-Looking Statements

This press release contains "forward looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995.Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and
uncertainties.Forward-looking statements are based on current facts and
analyses and other information that are based on forecasts of future results,
estimates of amounts not yet determined and assumptions of management.Forward
looking statements are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "aims", "potential", "goal", "objective", "prospective", and
similar expressions or that events or conditions "will", "would", "may",
"can", "could" or "should" occur.Information concerning oil or natural gas
reserve estimates may also be deemed to be forward looking statements, as it
constitutes a prediction of what might be found to be present when and if a
project is actually developed.Actual results may differ materially from those
currently anticipated due to a number of factors beyond the reasonable control
of the Company.It is important to note that actual outcomes and actual
results could differ materially from those in such forward-looking statements.

Readers are cautioned not to place undue reliance on the forward-looking
statements made in this press release. In evaluating these statements, you
should consider the risks discussed, from time to time, in the reports we file
with the U.S. Securities & Exchange Commission. For a discussion of some of
the risks and important factors that could affect the Company's future results
and financial condition, see the Company's Form 10-Ks and 10-Qs on file with
the U.S. Securities & Exchange Commission.

CONTACT: David Dugas, President
         ESP Resources, Inc.
         (337) 706-7056
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