“We believe that Allegro ETRM, which can scale with the future growth of our business, offers a comprehensive natural gas solution which will enable a streamlined implementation and solid return on our investment. As PNG grows its asset base and our volumes increase, we need a fully integrated platform and tools that enable optimal decision making,”

Plains All American Pipeline, L.P.

Allegro Reports Significant Growth in the ETRM Market for 2007

35% Growth in Revenue Driven by Allegro’s Technology, Scalability, and Support

DALLAS, Texas, January 17, 2008 – Allegro, a leading provider of energy trading and risk management (“ETRM”) software solutions, announced a record year of revenues, profitability, customer engagements, and extended global customer outreach.  In 2007, customers selected Allegro as their ETRM software solution across multiple commodity segments; including exploration and production, refining and marketing, utilities, trading, retailers, and large energy consumers.

With over two decades of shaping the ETRM software industry, Allegro enables customers to quickly execute on market opportunities from a holistic portfolio view that is comprised of both physical and financial transactions across all commodity market segments.  Allegro’s customers have also benefited from reduced cost and exposure by consolidating multiple systems into one solution.  Allegro streamlines its customer’s compliance with regulations such as Sarbanes Oxley (“SOX”), Financial Accounting Standards Board (“FASB”), International Accounting Standards Board (“IASB”), while utilizing straight through processing from deal to settlement. With cutting edge technology around grid computing, web services, interfaces, and new functions, Allegro continues to evolve and offer the leading ETRM software solution, providing customers a significant return on their investment.

“We are very pleased with our 2007 achievements and remain focused on continuing to deliver greater customer value as we accelerate into 2008,” said Eldon Klaassen, CEO of Allegro.  “We are confident 2008 will be another exciting year for Allegro as we bring real-time P&L calculations, dynamic simulation and optimization tools, standardized interfaces, and enhanced usability to our customers.  The world is focused on energy, and Allegro remains focused on bringing energy companies an unmatched ETRM solution.”

Significant accomplishments in 2007:

  • Increased customer base by over 20%, resulting in greater market share and entry into new markets, including large energy consumers and ethanol producers;
  • Year over year revenue and earnings growth of more than 35%;
  • Release of Allegro 8.0, our most innovative and technically enhanced software release to date, including features such as grid computing, Interactive Transaction Environment (“ITE”), convenient user friendly views and standardized connectivity;
  • Dramatically enhanced capability to develop, deploy and support our ETRM software solutions through the opening of a second European office in Zurich, Switzerland; and
  • A 50% increase in personnel across the globe.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.

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