Company to Demonstrate Latest Software Release, Allegro 8.0, and Deliver Presentation

DALLAS, Texas, June 2, 2008 – Allegro, a leading provider of energy trading and risk management (“ETRM”) solutions (www.allegrodev.com), announces its participation in the upcoming Energy Risk USA conference June 9-12, 2008 in Houston, Texas.

Allegro will showcase its multi-commodity, energy trading and risk management solutions that drive business process efficiency and enable businesses to efficiently manage assets while bringing transparency across the front, middle and back offices.  Allegro Chief Marketing Officer, Michael W. Hinton, will give a presentation during the conference on June 10th at 11am, entitled, “Trading at the Speed of Light – How Technology is Transforming the Landscape of Energy Trading.“  Mr. Hinton’s presentation will focus on how new information technology is accelerating the pace of all aspects of trading, including strategy development, position optimization, price simulation and settlement.  Participants will learn how grid computing brings options and visibility to traders through continuous real-time valuations, how an interactive trading environment functions, and why data access, collection and analysis will never be the same.

For over two decades, Allegro has delivered proven commodity solutions that enable customers to accurately identify exposures and effectively manage their risk.  Allegro equips businesses with tools that improve decision making and mitigate risk while leveraging opportunities in today’s ever changing markets.  Decision analytics include real-time Profit & Loss, Value at Risk (VaR), Mark to Market (MtM), exposure and other metrics.

Allegro President and COO, Christopher Larsen, said, “Energy Risk USA is a great opportunity for Allegro to share with the industry the unprecedented strategic agility that our risk management solutions provide.”

Take advantage of this unique opportunity to hear industry insights from Mr. Hinton and visit the Allegro exhibit to see our most innovative software release to date, Allegro 8.0.

Visit www.allegrodev.com for more on the advantages Allegro can bring to your business, and schedule a hands-on demonstration by contacting Christie Lindstrom at c.lindstrom@allegrodev.com.

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.