VALLEY TANK COMPANY ACQUISITION

FOR IMMEDIATE RELEASE --- SEAL BEACH, CALIFORNIA,
AUGUST , 2003


Baker Tanks is pleased to announce the acquisition of Valley
Tank Company located in Fort Smith, Arkansas. Valley rents 20,000+ gallon steel tanks for temporary liquid storage in the
Arkansas and Oklahoma oilfields. With this acquisition Baker is able to expand its steel tank rental fleet and gain relationships
with customers in a growing market.

Mr. Bryan Livingston, COO of Baker Tanks, indicated: "The
acquisition of Valley Tank materially advances our expansion in a
key target market. In addition, Mr. Danny Denton, President of
Valley Tank, is a highly respected veteran of the equipment rental
industry and will remain on board to help direct further growth in the Gulf South and Southeast territories."
Baker Tanks continues to seek acquisition opportunities that
strategically complement its core equipment rental business in
steel tanks, poly-tanks, pumps and filtration.

About Baker Tanks
Since pioneering the industry over 60 years ago, Baker Tanks has
grown to become the largest and most experienced liquid and
solids containment rental company in the world. Founded in 1942,
Baker Tanks focused primarily on renting steel temporary storage
tanks to the oil field industry. Today, they inventory over 15,000
pieces of equipment with more than 17 varieties of tanks, roll off
boxes, pumps, filtration and specialty equipment. Baker provides
innovative solutions to an ever-expanding number of markets that include: Chemical, Manufacturing, Refining, Construction,
Municipal, Industrial services, Environmental, Remediation, Power generation, Aerospace, Food processing, Tank terminal/
pipeline operations, Transportation, Pulp and paper, Mining, Electronics Wastewater, and many others.


Baker Tanks continues to seek acquisition opportunities which strategically complement its core equipment rental business in steel tanks, poly-tanks, pumps and filtration.
For further information please contact:
David Igata at 562-430-6262, Ext. 377

CONTACT:
Kande Hall
Grabiner/Hall
Phone: 310/337.3181
kande@grabinerhall.com

Elissa Glickman
Grabiner/Hall
Phone: 310.337.3181
Cell: 323.309.3093
elissa@grabinerhall.com

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Contacts

Amber Reimers
Marketing Administrator
areimers@bakertanks.com
T: 562-430-6262