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To: big guy who wrote (28736)2/2/2004 5:48:00 PM
From: big guy  Respond to of 206183
 
Press Release Source: Natural Gas Services Group, Inc.

Atlantic Sun Institutional Research Initiates Coverage on Natural Gas Services With a Strong Buy and Price Target of $14
Friday January 30, 9:25 am ET

BLOWING ROCK, N.C., Jan. 30 /PRNewswire-FirstCall/ -- Atlantic Sun Institutional Research has initiated coverage on Natural Gas Services Group, Inc. (Amex: NGS - News) with a strong buy and 24 month price target of $14. Natural Gas Services Group, Inc. is a leading provider of equipment and services to the natural gas and oil industry. Atlantic Sun Institutional Research is an independent stock market research firm based in Blowing Rock, NC.
Atlantic Sun's summary conclusion in the report states: "A first tactic adopted by natural gas producers to take advantage of higher gas prices should be to increase the rate of extraction from existing known reserves. Accelerating the rate of extraction is achieved through the use of compressors at the wellhead. Natural Gas Services is one of the only publicly traded competitors in the space and probably the best 'pure play.' Its financial leasing options makes its products highly appealing to natural gas producers, offering financing and market servicing flexibility. We believe that the number of NGS compressors deployed in the Texas, New Mexico, Colorado and Michigan markets served will increase by more than 40% over the next 12 months, significantly increasing revenues. We consider the operations highly scaleable, so that earnings -- and earnings per share -- can increase even more dramatically than sales (FY2002 earnings grew 105% on a 17.5% increase in sales.) Our 24-month price target for NGS shares is $14."

The Atlantic Sun research report is available to investors from Neidiger, Tucker, Bruner, Inc., Denver, CO., Natural Gas Services Group investment banking firm, at 800-525-3086.

About Natural Gas Services Group, Inc. (NGSG)

NGSG manufactures, fabricates, sells, leases and services natural gas compressors that enhance the production of oil and gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities.

For more information about the Company's visit its website at www.ngsgi.com .

Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.

For More Information, Contact:
David Rogers, Equity Research
Atlantic Sun 828-262-9850
Neidiger, Tucker, Bruner, Inc.
800-525-3086

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