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<TEXT>
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



         Date of Report (Date of earliest event reported): June 30, 2010


                    ENVIRONMENTAL SERVICE PROFESSIONALS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                                     NEVADA
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)


          1-14244                                       84-1214736
--------------------------------------------------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)

              810 N. FERRELL DRIVE, PALM SPRINGS, CALIFORNIA 92262
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (760) 327-5284
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions.

[_]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR240.14d-2(b))

[_]  Soliciting  material  pursuant  to  Rule  14a-12  under  Exchange  Act  (17
     CFR240.14a-12)

[_]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR240.14d-2(b))

[_]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR240.13e-4(c))



<PAGE>




                                TABLE OF CONTENTS


SECTION 1.   REGISTRANT'S BUSINESS AND OPERATIONS..............................1

SECTION 2.   FINANCIAL INFORMATION.............................................1

                Item 1.02 Termination of a Material Definitive Agreement.......1

SECTION 3.   SECURITIES AND TRADING MARKETS....................................1

SECTION 4.   MATTERS RELATING TO ACCOUNTANTS AND FINANCIAL
                 STATEMENTS....................................................1

SECTION 5.   CORPORATE GOVERNANCE AND MANAGEMENT...............................1

SECTION 6.   [RESERVED]........................................................1

SECTION 7.   REGULATION FD.....................................................1

SECTION 8.   OTHER EVENTS......................................................1

SECTION 9.   FINANCIAL STATEMENTS AND EXHIBITS ................................2

SIGNATURES.....................................................................2

<PAGE>

SECTION 1.  REGISTRANT'S BUSINESS AND OPERATIONS

         ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.

         Environmental  Service  Professionals,  Inc., a Nevada corporation (the
"Company"),  has rescinded the purchase of all $185,408,945  face amount of life
settlement  insurance  policies that it believed it had acquired from Lion Share
Capital,  LLC  ("LSC") in  February  2010  through the  Company's  wholly  owned
subsidiary,  ESP  Settlement,  LLC ("ESP LLC").  ESP LLC is returning all of the
policies and policy documents to LSC, terminating the purchase,  and demanding a
return and  cancellation of all 5,000,000  shares of the Company's  common stock
and  5,000,000  warrants to purchase  the  Company's  common stock that had been
issued to LSC in consideration for the policies.  Accordingly,  ESP LLC will not
own any policies and the Company is not pledging its limited liability interests
as  security  for any  obligation  of the  Company at this time.  The Company is
completing  financing  that  will  not  require  the  pledge  of life  insurance
settlement policies.


SECTION 2.  FINANCIAL INFORMATION

         Not Applicable

SECTION 3.  SECURITIES AND TRADING MARKETS

         Not Applicable.


SECTION 4.  MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

         Not Applicable.


SECTION 5.  CORPORATE GOVERNANCE AND MANAGEMENT

         Not Applicable.


SECTION 6.  [RESERVED]


SECTION 7.  REGULATION FD DISCLOSURE

         Not Applicable.


SECTION 8.  OTHER EVENTS

         Not Applicable.


                                      -1-
<PAGE>




SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS

         (a)      Financial Statements of Business Acquired

                  Not Applicable.

         (b)      Pro Forma Financial Information

                  Not Applicable.

         (c)      Shell Company Transactions

                  Not Applicable.

         (d)      Exhibits

                  None


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.



                    ENVIRONMENTAL SERVICE PROFESSIONALS, INC.
--------------------------------------------------------------------------------
                                  (Registrant)

Date: June 30, 2010


                              /s/ Edward L. Torres
                    -----------------------------------------
                    Edward L. Torres, Chief Executive Officer























                                      -2-
</TEXT>
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