EXHIBIT 99.1

FOR IMMEDIATE RELEASE
Contact:
James Percell, President
Environmental Safeguards, Inc.
713-728-8687

ENVIRONMENTAL SAFEGUARDS, INC. DID NOT AUTHORIZE NAME CHANGE TO PCU, INC.

UNKNOWN PERSON CHANGES THE COMPANY'S NAME AND STOCK SYMBOL

HOUSTON,  TEXAS-August  23,  2006-On  August 21, 2006, Environmental Safeguards,
Inc.,  a Nevada corporation, discovered that the company's stock symbol had been
changed  from  ELSF.PK to PCUN.PK, and that the company had purportedly made a 1
for  1000  reverse  stock split.  "Since we did not request or authorize a stock
symbol change or stock split, we knew that either someone had made a big mistake
or  a  fraud  had  been  committed", said James S. Percell, CEO and President of
Environmental  Safeguards,  Inc.

After  an  initial investigation into this matter, the company discovered that a
person unknown to us signing under what we believe to be a fictitious name filed
false documents with the Nevada Secretary of State purporting to change the name
of  the  company  to  "PCU,  Inc.", change the name and address of the company's
officers  and  directors,  increase  the  number  of shares of authorized common
stock,  and  effect  a reverse stock split.  It also discovered that the unknown
person  subsequently  filed  these  documents  with  the  Nasdaq Stock Market to
accomplish an unauthorized change in the company's stock symbol.  "None of these
changes  have ever been legally authorized, approved or ratified by the board of
directors or shareholders of Environmental Safeguards," said Percell.

Environmental  Safeguards,  Inc.  has reported this matter to representatives of
the  Nasdaq  Stock  Market,  Pink  Sheets,  LLC,  the  Securities  and  Exchange
Commission, the Nevada Secretary of State, and the Office of the Nevada Attorney
General.