TOUCHOTEL iPhone App for Hotel Reservation Launches Version 2.0

TOUCHOTEL iPhone App for Hotel Reservation Launches Version 2.0



ROME, March 29, 2010 /PRNewswire/ -- TOUCHOTEL (http://touchotel.com), the most innovative iPhone application
for hotel reservation, today announced the launch of its version 2.0.


    (Logo: http://www.newscom.com/cgi-bin/prnh/20100329/384387 )


    Building on TOUCHOTEL's early success in the mobile online travel sector,
the new app adds a powerful search tool and includes several usability
enhancements, together with an even faster search performance.


    "With our latest version, searching and booking hotels has never been
easier. By simply including an address, neighbourhood, or zip code you can
have access to a selection of hotels based on these criteria." said TOUCHOTEL
Chief Designer. "We have been testing the app and doing usability research,
to provide the most user-friendly interface that guarantees the best hotel
choices".


    New features and upgrades of the TOUCHOTEL 2.0 iPhone app include:


   
    - Hotels sorting by price, popularity, star rating, customer reviews
    - Filters to better select type of properties and star rating
    - Search by address, zone, area code, hotel or chain name
    - Based on iPhone GPS technology to locate users and find hotels around
      them



    TOUCHOTEL Overview


    ToucHotel allows users to reserve Hotels, from 1 to 5 stars, Bed and
Breakfasts and Apartments in the main worldwide destinations. A wide
selection of over 70,000 online bookable accommodations is offered.


    ToucHotel 's reservation service is free. It does not charge any booking,
administration or cancellation fees. All reservation details are stored in
the 'My Bookings' section; ensuring that customers have easy access to them
when they check in. The reservation system is secure and user's credit card
and personal information are encrypted. ToucHotel works to high standards and
privacy is guaranteed.


    ToucHotel is powered by the global inventory of Booking.com via an XML
feed.


    You can learn more about the ToucHotel App by visiting:


    App Store Page: http://itunes.apple.com/app/touchotel/id358599349?mt=8
App Web Site: http://www.touchotel.com

Extending Asset Life-cycle and Enhancing Safety are Now of Paramount Importance

DUBAI, United Arab Emirates, March 28, 2010 - Ageing North African oil, gas and petrochemical infrastructures means
that major decisions and investments are required in order to repair,
rehabilitate and extend the working life of existing facilities.


Asset integrity is therefore increasingly important for the region's
industry in order to improve operations and profitability. Implementing a
life-cycle asset integrity management programme allows maintaining assets in
a fit-for-service condition, while also extending the asset life-cycle in the
most reliable, safe and cost-effective manner.


IQPC's Asset Integrity Management - Egypt will provide practical
knowledge on the systems and strategies needed to implement an efficient
Asset Integrity Management programme. Held in Cairo from the 13 to 16 June
2010, the sixth event in IQPC's successful annual series will bring together
international key speakers to share best-practice implementations of Asset
Integrity Management.


Abdulaziz Al-Ajaji, ID/OID/Inspection Engineering Unit, Saudi Aramco,
described IQPC events, "A place for regional learning and meeting technical
experts".


Chowdury A Masud, Integrity Services Section Leader, ADMA OPCO, qualifies
IQPC Asset Integrity Management events as, "An excellent technical forum for
exchange of updated and innovative developments in Asset Integrity Management
around the globe".


Steven Cooke, Senior Quality Management Engineer, ADGAS, described IQPC
Asset Integrity Management events as, "A forum that provides an excellent
opportunity to meet with other professionals to share obstacles and solutions
in integrity management implementation".


Michael Magerstadt, Corporate Manager, Rosen Swiss AG, declared at Asset
Integrity Management Abu Dhabi 2009 that, "The high attendance at a time of
economic downturn shows that this is considered a key networking event".


Asset Integrity Management - Egypt will be the region's ultimate
networking platform for the oil and gas industry and an opportunity to
exchange best practices and practical solutions that can be implemented to
extend the asset life-cycle and enhance safety and reliability.


The conference will be chaired by Dominic Paisley, Integrity Management
General Manager at GUPCO and Abdulaziz O. Al-Ajaji, ID/OID/Inspection
Engineering Unit at Saudi Aramco. Attendees will benefit from four days of
industry-leading presentations, interactive panel sessions and exclusive
workshops. Further details can be obtained at www.assetintegrityegypt.com


About IQPC: IQPC provides business executives around the world with
tailored practical conferences, large scale events, topical seminars and
in-house training programmes, keeping them up-to-date with industry trends,
technological developments and the regulatory landscape. IQPC produces more
than 1,700 events annually around the world, and continues to grow. Founded
in 1973, IQPC now has offices in major cities across six continents
including: Bengaluru, Berlin, Dubai, London, New York, Sao Paulo, Singapore,
Stockholm, Sydney, and Toronto. IQPC leverages a global research base of best
practices to produce an unrivalled portfolio of conferences.


For more information, please contact
Eileen Grace Espelita
Marketing Manager
IQPC Middle East

enquiry@iqpc.ae

Its Not Hip Hop Wars, Vodka Wars Is To Be Declared In NYC Times Square Tomorrow Against Hip Hop Mogul Diddy

ITS NOT HIP HOP WARS,  VODKA WARS IS TO BE DECLARED IN NYC-TIMES SQUARE TOMORROW AGAINST HIP HOP MOGUL DIDDY

------------------------------------------------------------------------------------------------------------------------ Liquor Tycoon M.J. Silver will hold a press conference tomorrow declaring vodka wars in Times Square against Hip Hop Mogul Diddy after his controversial comments against American Vodkas. After announcing "If you're not drinking Ciroc vodka, then you're drinking pee pee". The owners of Georgi, Argent, Alexi vodka and other spirits will be demanding a apology from the French made Vodka celebrity spokesperson. They will be putting a liters of Ciroc into a large toilet bowl and having it delivered to Diddys offices near Times Square. The protest will take place on Thursday, March 25, 2010 at 2pm in front of a larger than life bill board of Diddy in Times Square on 7th Avenue and 37th Street. Mr. Silver the owner of Georgi Vodka, the largest selling vodka in New York. The recent comments by Diddy has caused outrage by many vodka companies and enthusiasts across the region. The group will be announcing a challange for the self proclaimed king and musical artist. WHEN: THURSDAY, MARCH 25, 2010 at 2pm (GREAT VISUALS) WHERE: IN FRONT OF MASSIVE-LIFE SIZE BILL BOARD ON TIMES SQUARE OF DIDDY AT 37th STREET AND 7TH AVENUE IN MANHATTAN CONTACT NEIL HAYNES / STAR INDUSTRIES 212-967-5700 ----------------------------------------------------------------------------------------------

Moshi Monsters Surpasses 15 Million Players

Moshi Monsters Surpasses 15 Million Players

LONDON, March 24, 2010 /PRNewswire/ -- Mind Candy, the UK-based
developer of the children's
free-to-play social online game Moshi Monsters, has announced it has exceeded
15 million registered players at http://www.moshimonsters.com. The game,
which launched its subscription service just over a year ago, allows children
to adopt their own free pet monster to play mini-games, customise their
homes, explore the in-game world, and solve educational puzzles.

(Logo: http://www.newscom.com/cgi-bin/prnh/20100324/383567-a )

(Photo: http://www.newscom.com/cgi-bin/prnh/20100324/383567-b )

"The ongoing global growth and success of the game has amazed
us," said Michael Acton Smith, CEO of Mind Candy. "Moshi Monsters has been
adding over 150k new players a day and is now one of the fastest growing
children's games in the world."

To celebrate the landmark announcement, Mind Candy will be
staging a "15 Million Monster Party" at the London Aquarium. Hundreds of the
game's most loyal community members will be attending this private glittering
"green carpet" Moshi Monsters spectacle to celebrate this incredible
achievement.

Moshi Monsters offers a unique combination of adoptable
virtual pets, social gameplay and fun educational puzzles that appeal to both
children and parents. Within the game, players choose from one of six
monsters to customise and nurture. Once players customise their pet, they
then navigate the magical world by solving puzzles that test a variety of
skills including basic math, spatial awareness, logic and vocabulary. As
players solve puzzles, their pet monsters earn Rox, the in-game currency that
can be used to purchase accessories to customise their virtual homes.

Moshi Monsters is free-to-play and provides wholesome fun for parents and
children of all ages. To create a free Moshi Monster and enter a world of fun
and puzzles, visit http://www.moshimonsters.com

For artwork and press materials relating to this press release visit:
http://www.moshimonsters.com/artassets

ABOUT MIND CANDY

Mind Candy is one of the world's fastest growing social online gaming
companies and the global developer, operator and publisher of Moshi Monsters.
The company was founded in 2004 by Michael Smith, a UK-based entrepreneur who
previously founded Firebox.com.

ABOUT MOSHI MONSTERS

Moshi Monsters is the world of adoptable monsters, combining adorable
virtual pets with social online gameplay and educational puzzles for
children. The puzzles test a variety of skills including basic maths, spatial
awareness, logic, counting, anagrams and vocabulary. More than 15 million
monsters have been created to date and over two million new players joining
each month making Moshi Monsters one of the world's fastest growing
children's sites. To date, more than 120 million educational puzzles have
been played and over one million virtual items are sold each day! For more
information on Moshi Monsters visit http://www.moshimonsters.com

MIND CANDY ARE HIRING

Are you looking for a new challenge? Are you looking to join a rapidly
growing, entrepreneurially spirited, forward thinking creative company? Mind
Candy have many exciting vacancies available right now! Fuelled by the
phenomenal growth of Moshi Monsters, Mind Candy are seeking candidates across
a number of key business and game development areas. For a full list of
current vacancies visit http://www.mindcandy.com/recruitment/ for more
details on the range of exciting jobs currently available.

PRESS INFORMATION

Edward Relf
Chief Marketing Officer
Mind Candy
ed@mindcandy.com

Meeting Business Schools at a Virtual MBA Fair

Meeting Business Schools -- at a Virtual MBA Fair

HONG KONG, March 23, 2010 /- In uncertain economic times, going for an MBA is a big step. Finding the
right school has become ever more important - yet for busy professionals the
search takes precious time. Business schools know about the challenges
prospects face when it comes to making an educated decision on where to study
and are increasingly adding social media as a means of effective
communication.

Already by the end of 2008, 85% of colleges and universities in the
United States utilized at least one form of social media, and many schools
are running more than one form of online presence, such as blogs and
webinars, Facebook, Youtube or Twitter. Schools like Cambridge Judge Business
School, Singapore Management University SMU and MIP Politecnico di Milano are
now taking their online activities to a new stage by participating at
MBAwired (http://www.mbawired.com ), a virtual MBA fair.

Replicating the features of a face-to-face event into the virtual world,
MBAwired allows prospects, school representatives, alumni and students to
meet at exhibition booths, attend presentations and mingle at a virtual
lounge all without leaving their desk.

"Virtual events can greatly contribute to establishing qualified contacts
that can be followed up in face-to-face meetings," said organizer Jerome
Hainz, Manager eBusiness UBM Asia.

"Our school has staged webinars for some time and we believe a virtual
fair can take the user experience a step further," said Conrad Chua, Head of
MBA Admissions and Marketing at Judge Business School.

Doris Sohmen-Pao, Programme Director of SMU MBA, believes going virtual
could become a trend for MBA shows: "Candidates don't have to travel far to
meet us. We are excited to be part of this next generation of MBA fairs."

For other schools, a major point is the international reach. MIP's
admission officer Xixi Fan emphasizes: "We are well established on Youtube
and Facebook, but MBAwired is more interactive and can help us to cover
regions more specifically."

MBAwired APAC will be held on June 3, 2010 with a number of business
schools to present their programmes. It is scheduled to take place in East
Asia's early evening allowing candidates from APAC to participate after work.
Hainz summarizes: "The online visit gets attendees a one-stop access to
information and in touch with school representatives, alumni and students.
This is critical for a good decision on where to go for an MBA."


For further information, please contact:

Jerome Hainz
Tel:
Fax: +852-3749-7495
Email: jerome.hainz@ubm.com

Safety Expo 2010

The Safety Expo is one of the news introduced for the 4th edition of Security Expo, at the Trade Show Area of Galatina - Lecce, from 23 to 26 September 2010.

The relation between security and safety, nowadays, is based on a need to guarantee the security, as a primary good for mankind and society. Generally, who deals with "safety" , doesn't have a deep knowledge about all the aspects related to the public security.

 At Safety Expo you can find an entire section open to the public.

Purpose of the exposition is to show in an organic way all the innovations of both these branches using the pattern of the combination between goods display and congressional events.

 

For further information and news visit the new website 

For partecipation and for any kind of help and explanation, please contact the Secretary Office.

Siemens Supports Landmark Climate Science Gallery at the Science Museum

LONDON, March 22, 2010 - The Science Museum, London, has today announced details of a new climate science gallery and supporting programme of events which will provide up-to-date, accurate information about the science of climate change.


Andreas J Goss, Chief Executive, Siemens plc said: "Siemens is delighted to be a principal sponsor to this important climate science gallery. Climate change is the most serious challenge facing us all and it is imperative that young people in particular are inspired to engage in how we as a society adapt to a low-carbon world."


"Siemens is a leading company providing innovative environmental infrastructure solutions. Last year globally our customers reduced their CO2 emissions by 210 million tonnes using products and services from our environmental portfolio, said Goss. "That's the equivalent of the emissions from New York, Tokyo, Berlin and London put together. This global focus on
environmental care is driving innovation and investment and underlines the importance of scientific advances in combating climate change."


"The new climate science gallery at the Science Museum promises to play a central and authoritative role in the public debate on climate change."


Visitors to the gallery will be able to find out about the science of the climate system, how climate has changed in the past and the work that scientists do to improve their understanding of the climate. They will also be able to discover how scientists have predicted changes to our climate in the future as well as developments in science and technology to respond to these changes.


An accompanying website will provide further access to this detailed content for a much wider audience, as will an engaging and lively three year programme of public events, school and community outreach activity, educational resources, and new art works and interventions in existing Science Museum galleries.


Siemens plc


Siemens was established in the United Kingdom 167 years ago and now employs 16,915 people in the UK. Last year's revenues were GBP4.2 billion. As a leading global engineering and technology services company, Siemens provides innovative solutions to help tackle the world's major challenges, across the key sectors of energy, industry and healthcare. Siemens has offices and factories throughout the UK, with its headquarters in Frimley, Surrey. The company's global headquarters is in Munich, Germany.

For more information, visit http://www.siemens.co.uk.

THE SIRENS' STAGE - LE STADE DES SIRENES

March 16, 2010 Etienne Chambaud Stock Figures, Figures de Réserve, Figure di riserva (studio view) Color photograph, tracing paper and tape 70 x 95 cm, 2010 Courtesy Labor, Mexico City The Sirens' Stage/Le Stade des Sirènes/Lo stato delle sirene An exhibition in three parts by Etienne Chambaud in collaboration with critic Vincent Normand Opening receptions, exhibition dates and more information: David Roberts Art Foundation, London: opening on 18.03.2010 from 7pm / 19.03.2010 - 24.04.2010 http://www.davidrobertsartfoundation.com Kadist Art Foundation, Paris: opening on 02.04.2010 / 03.04.2010 - 02.05.2010 http://www.kadist.org Nomas Foundation, Rome: opening on 15.04.2010 / 16.04.2010 - 14.05.2010 http://www.nomasfoundation.com The David Roberts Art Foundation in London, Kadist Art Foundation in Paris and Nomas Foundation in Rome are pleased to present The Sirens' Stage/Le Stade des Sirènes/Lo stato delle sirene, a fragmented exhibition by Etienne Chambaud in the framework of Vincent Normand's project Permanent Exhibition, Temporary Collections. The three translations of the exhibition, interpreted in a different language almost simultaneously at each foundation, are based on mechanisms of writing and transcription.
Translation should be considered both the medium and the shared language of the whole project. The project takes its title from the mythological sirens' song, which invents itself in the ear of its addressee. Here The Sirens' Stage/Le Stade des Sirènes/Lo stato delle sirene is conceived as a group of "written objects": absent but described, motionless but translated, unique but repeated, mute but transcribed. The Sirens' Stage/Le Stade des Sirènes/Lo stato delle sirene is made up of an installation of Figures, a group of named, empty plinths (The Reef ), which acts as a space from which are emitted layers of speech and text. Actors will occasionally interact with this space, reading, memorising and rehearsing fragments of script and dialogue. Sometimes The Reef will remain silent. A group of framed Instruction Pieces hung on the wall will outline a series of gestures and acts. These will change over the course of the exhibition. A writer (The Copyist), present at all times, will transcribe the evolution of the exhibition day after day.
The foundations' collections will be included through a series of photographs of their storages, in which all crates will be named (Stock Figures). A written contract, drawn up by a lawyer, will outline the conditions for the exchange and the conservation of copies of sculptures exchanged between the three foundations' collections (The Exchange (Th e Horse, the Cobblestone, Above the Weather)). The exhibition is a collection of narrative fragments, playing with accumulations and disappearances, survivals and hauntings. From inscription to oral tradition, polyphony to cacophony, The Sirens' Stage/Le Stade des Sirènes/Lo stato delle sirene explores its own remains and is constructed on its own echoes, misunderstandings, partial interpretations and incomplete memories. The exhibition is conceived as a series of fossils organising their own archeology.
Notes to editors Etienne Chambaud (born France, 1980) lives and works in Paris. Recent solo exhibitions include: The Certificates (with Nina Beier), CroyNielsen, Berlin (2010); Mais où est donc Ornicar, Espace Blank (curated by Christine Macel), Paris (2009); Color Suite, Palais de Tokyo, Paris (2009). Recent group exhibitions include: The Store, Artissima, Turin (curated by Adam Carr) (2009); Un Nouveau Festival!, Centre George Pompidou, Paris (curated by Bernard Blistène) (2009); Labor, Labor, Mexico City (2009); Fax, The Drawing Center, New York (2009) and Torrance Art Museum, CA (2010), The Obstacle is Tautology, Tulips&Roses, Vilnius (curated by Benoît Maire),(2009); From a Distance, Wallspace Gallery, New York (curated by Vincent Honoré) (2007), 00s The history of a decade that has not yet been named, Lyon Biennial of Contemporary Art (curated by Hans-Ulrich Obrist and Stéphanie Moisdon) (2007). Etienne Chambaud is represented by Labor, Mexico City Vincent Normand (born France, 1985) is a writer and curator based in Paris and Lausanne. Co-editor of the magazine Criticism, his texts are published in various collective publications, and he contributes to magazines such as Kaleidoscope, May or Frog. He is actually initiating Permanent Exhibition, Temporary Collections, a theoretical itinerant structure that inaugurates its program with his collaboration with Etienne Chambaud on the occasion of The Sirens' Stage. e-flux corp. 41 Essex street New York, NY 10002, USA Contact us: http://www.e-flux.com

The 8th China (Guangzhou) International Environmental Protection Exhibitation

 

 

The 8thChina (Guangzhou) International

Environmental Protection Exhibitation

Invite  Letter

Time: June , 2010 9-11

Place: The Chinese Import and Export Commodities Fair Pa Continent Stretches a Mansion

Scale: Estimate that 250 12,000 square metres , participate in exhibition enterprise

Approve organization: PRC Department of Commerce

Hold organization: Guangdong Province Protect the Environment Government Department at the Provincial Level

                 Guangdong Province Economy Composes in Reply an Informatization Committee

                 Guangdong Province Science and Technology Agency

                 Guangdong Province Housing and City and Countryside Construction Office

                 Chinese Foreign Trade Centre (Corp)

Undertake organization: Chinese Foreign Tade Guangzhou Exhibition Agency

Guangdong Province Environment Estate Protects an Association

Support organization: Chinese Environment Estate Protects an Association

                  

 Big Low Carbon Economy New Technique New Sources of Energy Platform

                    Chinese Southern Part Energy Conservation Environmental Protection Industry Aggregation Field

The eighth international environmental protection of Chinese (Guangzhou) exhibitation surrounds "the energy conservation subtraction row , comprehensive utilization , low carbon are economical " three big subjects, except putting tradition brume, noise on display , strengthening equal useless technology and equipment outside, return outstanding low carbon back to economical new technique , new sources of energy etc.Estimate that being on display covering an area of 12,000 square metres, 250 participate in exhibition enterprise (come from China , Italy , Korea Republic , Japan , countries such as Sweden) 15,000 special field audience and overseas buyer.

Stretch flexible advance notice of meeting period 4-big in 2010:

        Be suffused with the pearl area environmental protection cooperation forum

          The cigarette gas escapes from the saltpetre special subject forum

          The filth force deals with the forum selling a special subject at reduced prices

          Guangdong- - - - - - Italy day

 

Item on display range:

    One, the water environment governs: Water returns to water resources protection , city water supply system , sewage treatment, middle with the water treatment medicament , material and system autocontrol, the film , pump , valve , wind machine , fringe benefit separate equipment , the centrifugal machine , pressure filters machine , aeration machine and project corollary equipment , desalination of sea water and organism's habits renovation etc.

    Two, drinking water equipment: Household/ commercial pure water machine , drinking water machine , household clean water implement etc.

    Three, environmental monitoring: Environmental monitoring instrument equipment; The environmental pollution emergency monitors system; Radioactivity , noise , vibration , brightness , fever monitor system; Laboratory equipment , measurement instrument , analytical instrument etc.

    Four, air pollution prevention and cure: Air cleaning facility , waste gas purify equipment , industry dust removal governs the technology , the draught apparatus with the washing , the motor vehicle tail gas , washes equipment , dust-collecting equipment , up catalyst , activated carbon , clean room technology , technical plant such as various electricity dust removal , dyadic dust removal of bag etc.

    Five, environmental sanitation facilities and waste handle: The environmental sanitation vehicle and the road clean equipment , city toilet being on the move , organism's habits toilet , intelligence environmental protection toilet , the waste collecting , classification facilities compress equipment with the technology, transship the vehicle and the technology , fill in to bury, burn, biochemistry

six such as selling equipment , detecting at reduced prices , monitoring a technology , noise and vibration prevention and cure: Noise controls system , noise checks a device, noise taking precautions against material and handling a technology and so on

Seven, traffic energy conservation: New model fuel combination driving force automobile , new sources of energy automobile , electric motor car , energy conservation type traffic signal device etc.;

Eight, industry energy conservation: Intelligence dimout device , frequency conversion speed regulation technology , high-effect energy conservation wind machine , electric motor transformer , water pump etc.

Nine, life energy conservation: Energy conservation electrical equipment , energy conservation illumination , household water-saving appliance , clean water-saving type utensil , energy conservation type cooking stove utensil, and life environmental protection product etc.;

Ten, energy conservation environmental protection and new sources of energy technology: Solar energy , wind energy source , hydroenergy , marsh gas , biomass energy etc.; Take saving water , saving electricity , saving oil , economizing on coal as energy conservation product and technology representing, clean energy technology and equipment etc.

 

Show meeting cost: The standard shows a place; 7300 yuan of RMB/ 9 ㎡ , interior glossy field; 770 yuan of RMB/㎡ (distance of 36㎡ removes a rent)

Council chamber: Mansion inner council chamber (provide projection equipment) 5000/ knot; Mansion inner council chamber (do not provide projection equipment) 3000/ knot

Show place allocation: 3 be not an illumination power consumption socket around board , carpet , 1 board , 10 220 -V not-illumination power consumption sockets, 1 Chinese lintel; Rent open space not bringing any facilities along , participate in exhibition enterprise needs proper motion or entrusts the design fitting up.

Advertisement services: The journal of an association advertisement , specification: 142.5 mmX210mm

Layout location : Back cover1  Inside front cover2  Inside back cover3  Within colour page

Price (yuan):     15000         10000             8000               6000

Layout location : Stride over the printing plate insert  Within black and white page

Price (yuan):           9000                            3000

Spread exhibition time: June , 2010 7-8

Exhibition time: June , 2010 9- - 11

 

Participate in exhibition technological process: Enterprise is learned showing meeting information or is receive the invitation letter ask for "participate in exhibition application form ". Fill in "participate in exhibition the fax undertakes organization extremely after the application form " surcharges enterprise official seal. The entire forehead exhibition place wastes "participating in exhibition that enterprise will be to participating in exhibition behind the account, with being stretched affirming a letter " "participate in exhibition discussing a handbook ". Participate in exhibition enterprise evidence "participates in exhibition affirming a letter " registering participating in exhibition. Show a place making arrangements for taking "enlisting first , first, paying money , affirming first , holding preferential exhibition place arrangement with specially as" principle.

   Invite home and abroad environmental protection enterprise and relevance product enterprise to participate in "eighth Chinese (Guangzhou) international environmental protection exhibitation " really. Participate in exhibition enlisting:

 

Chinese Foreign Trade Guangzhou Exhibition Agency

Address: Office Building 6th floor, No. 117 15 Liuhua Road, Guangzhou，China

Telephone: 86-20-88461847   Mob:86-15915973197

Fax: 86-20-39571950

Person to contact: Jun LI

Http://www.gziepe.cn

E-mail: chinashow998@gmail.com

黎军 [mailto:jj@china-show.net.cn]

 

FWU Group Sponsors an Important New Publication on Investing in the GCC Markets

FWU Group Sponsors an Important New Publication on Investing in the GCC Markets



DUBAI, United Arab Emirates, March 17, 2010



DUBAI, United Arab Emirates, March 17, 2010 -- FWU Group, the global leader in the fast expanding Takaful industry, is
one of the sponsors to a well-timed book on the investment opportunities the
Gulf region offers, aimed at institutional and professional investors.


Entitled "Investing in the GCC: New Opportunities in a Changing
Landscape" and published by the Dubai-based CPI Financial, the book is a
comprehensive study of the opportunities and challenges of investing in the
GCC markets and constitutes a unique reference source.


Many significant changes were brought on by the global financial crisis
in the Middle East and some surprisingly positive. Far from slowing down, the
region has diversified its dependence from oil and gas and consequently has
experienced a vibrant economic activity. Despite an adverse economic climate,
innovation has not shown any sign of abating and the book provides investors,
financial institutions, regulators, exchanges and service providers with an
insight into emerging trends and developments in Sovereign Wealth Funds,
Investment Banking, Infrastructure Projects, Project Finance, Alternative
Investments, Private Equity, Islamic Finance, Oil & Gas, Renewable Energy,
Telecommunications and much more. The breadth of investment opportunities and
financial instruments available in the Gulf Cooperation Council states (Saudi
Arabia, the United Arab Emirates, Qatar, Bahrain, Oman and Kuwait) has never
been wider and this book aims at helping readers understand them as well as
their potential in the region.


Twenty eight chapters have been contributed by a select group of industry
experts from around the globe and the authors believe this single volume will
undoubtedly become the standard reference work for investors, government
agencies, regulators and analysts worldwide wishing to understand the
intricacies of the complex GCC markets. This book has been edited by Kamar
Jaffer, Associate at Vinson & Elkins in Dubai and Sohail Jaffer, Partner, FWU
group.


Today, FWU Group is recognised as a leading provider of Bancatakaful and
has generated significant production in the various markets it has a presence
including Saudi Arabia, the UAE, Pakistan and Malaysia. Mr. Sohail Jaffer can
be contacted at s.jaffer@fwugroup.com.


Vinson & Elkins LLP is an international law firm, with approximately 780
lawyers across 14 offices. V&E lawyers have been providing innovative
business and legal solutions for a broad range of clients for more than a
century and have been actively advising in the MENA region for more than 30
years. Miss Kamar Jaffer is located in V&E's Dubai office and can be reached
at kjaffer@velaw.com.


To order copies, please visit CPI Financial's website:
http://www.cpifinancial.net.


Contact details:
Dara Husseini
Account Executive
+971-4-334-2966
dara@cbpr.ae

Reflections and Realities - ScalaMata, Venice

ScalaMata Exhibition Space, in collaboration with Cecilia Tirelli, is pleased to announce

Thursday, 18th March 2010, 6.00 pm

Reflections and Realities by Rita Visonà, with Elodie Barattucci, Nicola Buzzolan, Sara Cavallin, Mauro Corti, Cesare Diana/Ester Marano, Pietro Mingotti, Enrico Sambenini, Eugenia Torelli.

ACADEMY OF FINE ARTS - VENICE - Painting and Multimedia Laboratory by Luigi Viola and Anna Sostero.

The title stands for the relationship between Art and the reality itself, a re-emerging issue in the current debate with original features. A fundamental relation as we approach the experience of Art.

Today, these artists are here to deal with the perception of a general "malaise" that seems to restrain today's society. The difficulty is to be able to weave the disparate threads that cross a technologically advanced society, globalized and dominated by a virtual reality; fragmented and divided by contradictories. A society that carries fashions and social phenomena, religious beliefs in a amazing melting pot of media and consumerism that completely surrounds us, making it almost impossible to reach a true knowledge of reality able to go beyond the ambiguous propensity of the image. A mirror, a  reflection of this narcissism voted to defeat, if not to dissolve in the excesses. These artists are here today to state the substantial failure of our system, pointing out the difficulty to arrive through this path to a convincing world view.

We are'nt claiming to find naive solutions to the today state of general crisis, but we have indeed the desire to contribute - at least in part – to that "return of the image" in the mirror, as a form of a brand new landscape and synapses of possible worlds. Trying to affirm that Art is no different to science in unravelling the mistery, unlocking anthropological perspectives and livable models in wich modern man can identify himself.

With the contribution of: Assessorato Politiche Giovanili e Pace, Venice.
Support by: Azienda Servizi Mobilità S.p.A, Venice - Associazione culturale Brillo Parlante, Venice - Trattoria Ca' D'Oro, Venice.

From 19th March, until 12th April 2010

Contact: Rita Visonà, ritaviso@gmail.com

Opening hours: Sunday - Monday 10:00 to 13:00, 16.30 - 18.30, Friday 10.00 - 13.00, Saturday closed

--
ScalaMata
exhibition space
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Paramount Energy Trust Releases Year End 2009 Financial and Operating Results, Confirms March 2010 Distribution and Announces Intention to Convert to Corporation

CALGARY, Canada, March 10, 2010 /PRNewswire/ -- Paramount Energy Trust ("PET" or the "Trust") is pleased
to release its fourth quarter and year end 2009 financial and operating
results. PET's natural gas price hedging program led the Trust to post strong
funds flow for the year ending 2009 despite weak natural gas prices related
to high gas storage levels and concerns about new supply. The full text of
the Trust's audited consolidated financial statements and related
management's discussion and analysis ("MD&A") can be found at
http://www.sedar.com and on PET's website at http://www.paramountenergy.com.


PET is also pleased to confirm that its distribution to be paid on April
15, 2010 in respect of income received by PET for the month of March 2010,
for Unitholders of record on March 22, 2010, will be $0.05 per Trust Unit.
The ex-distribution date is March 18, 2010. The March 2010 distribution
brings cumulative distributions paid since the inception of the Trust in
February 2003 to $13.914 per Trust Unit.


CONVERSION TO CORPORATION


The Board of Directors of Paramount Energy Operating Corp., the
Administrator of PET, unanimously approved the conversion of the Trust to a
corporation which, subject to approval of PET's Unitholders as well as
customary court and regulatory approvals, is anticipated to be completed at
the Annual General and Special Meeting of the Trust scheduled for June 17,
2010. The principal reason for the decision to convert from a trust structure
to a corporation is the change in Canadian tax law whereby the government will
begin imposing taxes on income trusts on January 1, 2011.


Following a thorough analysis of the various strategic alternatives with
respect to PET's structure going forward as well as PET's current Unitholder
base, PET has concluded that the proposed conversion will provide broadened
access to capital markets by putting the constraints of the SIFT structure
imposed by the new tax legislation behind us. In addition, Canadian taxable
PET Unitholders will benefit from a more tax effective treatment of their cash
dividends following the conversion to a corporate structure. PET Unitholders
will also benefit from a simplified and more efficient corporate structure and
under the current legislation the conversion can be structured on a tax
deferred basis for Canadian income tax purposes. The details of the conversion
will be contained in an information circular which is anticipated to be mailed
to unitholders in May 2010.


Following the conversion it is anticipated that a monthly dividend of
$0.05 per Trust Unit per month will be paid, consistent with PET's current
distribution policy. Subject to future fluctuations in commodity prices and
other operational variables, and potential changes to capital requirements as
PET continues to add to and develop the growth-oriented portion of its asset
base, PET intends to continue to maintain for the foreseeable future a $0.05
monthly distribution prior and dividend following conversion to a corporation.


The corporate conversion will be subject to receipt of all required
regulatory, stock exchange and Court of Queen's Bench of Alberta approvals
including approval of at least 66 2/3 percent of the votes by Unitholders
present in person or by proxy at a meeting of the Trust's Unitholders.


ANNUAL 2009 RESULTS


- The Trust acquired Profound Energy Inc. ("Profound") in a two-stage
transaction in the second and third quarters of 2009 for a total of
$27.5 million in cash, 10.0 million PET Trust Units valued at
$32.2 million and $53.3 million in assumed net debt of Profound.

- Daily average production decreased 13 percent to 157.7 MMcfe/d in
2009 as a result of voluntary well shut-ins, non-core asset
dispositions and gas over bitumen shut-ins in the Legend area in
combination with natural production declines. These production
impacts were partially offset by the acquisition of the Profound
properties in the West Central district and successful capital
programs during the year.

- Funds flow decreased 16 percent to $231.3 million or $1.96 per Trust
Unit in 2009 as compared to $275.4 million or $2.47 per Trust Unit
for 2008 due primarily to lower realized natural gas prices and
decreased production levels, partially offset by lower royalties and
operating expenses.

- PET's average gas price including financial hedging and physical
forward sales ("realized" gas price) decreased 11 percent to
$7.27 per Mcfe in 2009 from $8.18 per Mcfe in 2008, as compared to a
50 percent decrease in average AECO gas prices for the year. The
Trust continued to execute on its proactive natural gas price risk
management strategy in 2009, realizing $166 million in gains on
financial instruments and $5.7 million in call option premiums and
providing a measure of stability to realized prices and funds flows
despite significant volatility in natural gas prices.

- In response to low natural gas prices during 2009, the Trust
voluntarily shut in approximately 35 MMcfe/d of natural gas
production in the second and early third quarters, leading to a
reduction in full year production volumes of 14.7 MMcfe/d.

- PET disposed of non-core assets in the Athabasca area and all of its
Saskatchewan assets for net proceeds of $26.6 million, representing
approximately 5.2 MMcf/d of daily production and 12.7 Bcfe of proved
and probable reserves.

- Effective October 31, 2009 the Energy Resources Conservation Board
("ERCB") ordered the shut-in of approximately 8.6 MMcf/d of natural
gas production from the Trust's Legend property due to gas over
bitumen concerns. An additional 1.9 MMcf/d has been shut-in due to
the shut in of facilities in the area. As a result of the ERCB order,
12.6 Bcfe of proved reserves related to the Legend property were
reclassified to probable by PET's reserve evaluators. PET believes it
is eligible to receive the gas over bitumen financial solution in
respect of the production shut-in by the ERCB order, as prescribed by
the royalty regulations enacted by the Alberta government (see "Gas
over bitumen royalty adjustments" in the MD&A).

- Exploration and development capital spending totaled $68.2 million in
2009, including a $40 million winter capital program focused on
activities in the Trust's core areas in the Northern district. The
remaining capital expenditures were directed towards PET's year-round
access asset base in east central Alberta, drilling activity on
Profound lands in the fourth quarter of 2009 and approximately
$10.8 million on the preliminary evaluation of the Trust's gas
storage project in the Warwick area within the Southern district. In
total 52 wells were drilled (42.2 net) with a 100 percent success
rate.

- In 2009, the Trust added 38.3 Bcfe of proved reserves and 3.8 Bcfe of
probable reserves for total reserve additions of 42.1 Bcfe of proved
and probable reserves, excluding production. After production of
57.5 Bcfe in 2009, proved and probable reserves decreased 3 percent
from 487.1 Bcfe at year end 2008 to 471.6 Bcfe and proved reserves
decreased 7 percent to 244.4 Bcfe at year end 2009. Reserve additions
largely offsetting production were due to the successful reinvestment
of $68.2 million in exploration and development spending programs,
representing approximately 29 percent of the Trust's 2009 funds flow,
and acquisitions, net of dispositions, of $103.9 million.

- Including future development capital and the reclassification of
PET's reserves at Legend, PET realized finding, development and
acquisition costs of $4.07 per Mcfe ($24.42 per boe) for proved
reserves and $2.41 per Mcfe ($14.46 per boe) for proved and probable
reserves in 2009. Excluding changes in future development capital
finding, development and acquisition costs for the year totaled
$4.48 per Mcfe ($26.88 per boe) for proved reserves and $4.09 per
Mcfe ($24.54 per boe) for proved and probable reserves.

- As a result of funds flows in excess of distributions and capital
expenditures and minor non-core property dispositions, PET reduced
net bank debt by five percent from $284.8 million at December 31,
2008 to $270.8 million at December 31, 2009. Including PET's
convertible debentures of $230.2 million, total net debt dropped from
$520.9 million at December 31, 2008 to $501.0 million at December 31,
2009.

- PET declared cash distributions of $75.8 million or $0.64 per Trust
Unit in 2009, representing 32.8 percent of funds flow for the year.
Cumulative distributions from the inception of the Trust to year-end
2009 totaled $1.03 billion ($13.764 per Trust Unit).

- Net earnings totaled $14.4 million in 2009 as compared to
$30.8 million in 2008, as lower funds flows were partially offset by
reductions in depletion and future tax expenses compared to prior
year.



FOURTH QUARTER 2009 RESULTS


- Production decreased 16 percent to average 145.9 MMcfe/d as
compared to 173.1 MMcfe/d for the fourth quarter of 2008, as lower
production due to voluntary production shut-ins, the shut-in of 10.5
MMcf/d of gas production at Legend as a result of a gas over bitumen
regulatory shut-in order, non-core asset dispositions in the Northern
district and natural production declines were partially offset by new
production additions from the Trust's 2009 capital programs and the
Profound acquisition.

- PET's realized gas price of $5.87 per Mcfe in the fourth quarter of
2009 was 23 percent lower than the realized gas price for the three
months ended December 31, 2009, in contrast to a 38 percent decrease
in AECO Monthly Index prices from quarter to quarter. PET's realized
gas price for the current period was $1.64 per Mcfe higher than the
AECO Monthly Index price due to the Trust's active natural gas price
management program.

- The Trust's royalty rate of 3.8 percent of revenues was 74 percent
less than 2008 and lower than the Trust's historical royalty rates
due to the decreased royalty rates in the current low gas price
environments and $20.5 million in realized gains on financial
instruments in the fourth quarter of 2009.

- Cash G&A expenses increased $0.9 million from the fourth quarter of
2008, due to lower overhead recoveries as a result of decreased
operating and capital expenditures as compared to the prior period.

- Operating costs decreased $7.3 million due to lower production
volumes and a company focus on the reduction of operating costs.
Fourth quarter 2009 unit-of-production basis operating costs declined
15 percent to $1.41 per Mcfe.

- Funds flow decreased $22.1 million to $39.4 million for the fourth
quarter of 2009 as lower gas prices combined with a decrease in
production and the shut-in of the Trust's Legend asset, resulting in
a 48 percent drop in revenue. The decrease in revenue was somewhat
offset by lower operating costs and royalty expenses.

- Net loss totaled $11.3 million for the three months ended
December 31, 2009, as lower funds flows were offset by gains on
property sales of $8.3 million. The 2008 fourth quarter loss included
$16.1 million in future tax expense, as compared to a recovery of
$0.8 million for the current three-month period.

- Capital spending totaled $10.1 million for the fourth quarter,
including the drilling of 9 wells (8.5 net wells), including two
wells in the Southern district, three wells in the West Central
district and two wells related to PET's gas storage project, with a
100 percent success rate.

- Distributions for the fourth quarter of 2009 totaled $0.15 per Trust
Unit, paid on November 16, 2009, December 15, 2009 and January 15,
2010. PET's payout ratio, which refers to distributions measured as a
percentage of funds flow, was 47.7 percent for the quarter.

- PET finished planning and began the execution of a $32 million 2010
winter exploration and development capital program targeting 15 to
17 MMcfe/d of natural gas production additions through drilling,
completion, tie-in and facility projects primarily in the Trust's
Northern and West Central districts.



SUBSEQUENT EVENTS


- On January 7, 2010 PET closed the acquisition ("Ukalta Acquisition")
of natural gas assets within the Birchwavy West core area for
$17.5 million, including a $1.8 million deposit paid in
December 2009. As of the acquisition date the assets were producing
6.2 MMcfe/d of natural gas.

- PET continued to supplement its gas price risk management program in
2010, including the crystallization of approximately $57 million in
gains in respect of the Trust's March to October 2010 hedging
portfolio in February and March of 2010. The hedge price on the
crystallized volumes for the April to October 2010 period was
immediately reset to $4.55 per GJ.



SUMMARY OF RESULTS


-------------------------------------------------------------------------
FINANCIAL AND
OPERATING HIGHLIGHTS Three months ended Year ended
($CDN thousands, December 31 December 31
except volume
and per Trust % %
Unit amounts) 2009 2008 change 2009 2008 change
-------------------------------------------------------------------------
FINANCIAL
Revenue(1)(2) 78,852 121,163 (35) 418,323 545,701 (23)
Funds flow(2) 39,409 61,513 (36) 231,347 275,434 (16)
Per Trust
Unit(2)(3) 0.32 0.55 (42) 1.96 2.47 (21)
Cash flow provided
by operating
activities 36,446 69,179 (47) 228,352 259,764 (12)
Per Trust
Unit(3) 0.29 0.61 (52) 1.93 2.33 (17)
Net earnings
(loss) (11,287) (8,986) 26 14,393 30,785 (53)
Per Trust
Unit(3) (0.09) (0.08) 13 0.12 0.28 (57)
Cash
distributions 18,810 33,885 (44) 75,838 133,921 (43)
Per Trust
Unit(4) 0.15 0.30 (50) 0.64 1.20 (47)
Payout
ratio (%)(2) 47.7 55.1 (13) 32.8 48.6 (33)
-------------------------------------------------------------------------
Total assets 1,065,305 1,105,689 (4) 1,065,305 1,105,689 (4)
Net bank and
other debt
outstanding
(2)(5) 270,843 284,835 (5) 270,843 284,835 (5)
Convertible
debentures,
measured at
principal
amount 230,168 236,034 (2) 230,168 236,034 (2)
Total net
debt(2)(5) 501,011 520,869 (4) 501,011 520,869 (4)
Unitholders'
equity 253,789 257,426 (1) 253,879 257,426 (1)
-------------------------------------------------------------------------
Capital
expenditures
Exploration and
development 10,107 28,329 (64) 68,171 126,091 (46)
Acquisitions,
net of
dispositions (10,016) (2,143) 367 103,885 (18,514) 661
Other 377 927 (59) 649 1,588 (59)
Net capital
expenditures 468 27,113 (98) 172,705 109,165 58
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TRUST UNITS
OUTSTANDING
(thousands)
End of period 126,224 112,968 12 126,224 112,968 12
Weighted average 125,064 112,865 11 118,181 111,473 6
Diluted 126,149 112,865 12 119,266 112,823 6
March 1, 2010 127,773 127,773
-------------------------------------------------------------------------
OPERATING
Production
Total (Bcfe)(6) 13.4 15.9 (16) 57.5 66.7 (14)
Average daily
(MMcfe/d)(6) 145.9 173.1 (16) 157.7 182.2 (13)
Per Trust Unit
(cubic feet
equivalent/d/
Unit)(3) 1.17 1.53 (24) 1.33 1.63 (18)
Gas over
bitumen deemed
production
(MMcf/d)(7) 24.6 18.1 36 19.9 19.2 4
Average daily
(actual and
deemed -
MMcfe/d)(6)(7) 170.5 191.2 (11) 177.6 201.4 (12)
Per Trust Unit
(cubic feet
equivalent/d/
Unit)(3) 1.36 1.69 (20) 1.50 1.81 (17)
Average natural gas
prices ($/Mcfe)
Before financial
hedging and
physical forward
sales(8) 4.27 6.84 (38) 4.26 8.19 (48)
Including
financial hedging
and physical
forward sales(8) 5.87 7.61 (23) 7.27 8.18 (11)
-------------------------------------------------------------------------
RESERVES (Bcfe)
Company interest
- proved(9)(10) 244.4 263.6 (7) 244.4 263.6 (7)
Company interest
- proved and
probable
(9)(10)(11) 471.6 487.1 (3) 471.6 487.1 (3)
Per Trust Unit
(Mcfe/Unit)(12) 3.74 4.31 (13) 3.74 4.31 (13)
Estimated present
value before tax
($ millions)(11)
Proved 834.6 1,011.4 (17) 834.6 1,011.4 (17)
Proved and
probable 1,387.3 1,642.2 (16) 1,387.3 1,642.2 (16)
-------------------------------------------------------------------------
LAND (thousands
of net acres)
Total land
holdings 3,759 3,801 (1) 3,759 3,801 (1)
Undeveloped land
holdings 2,093 2,106 (1) 2,093 2,106 (1)
-------------------------------------------------------------------------
DRILLING (wells
drilled gross/net)
(71)/ (45)/
Gas 7/6.5 24/23.6 (72) 50/40.2 91/75.4 (47)
Oil 2/2.0 -/- -/- 2/2.0 -/- -/-
Dry -/- -/- /- -/- 2/1.6 -/-
(71)/ (44)/
Total 9/8.5 24/23.6 (72) 52/42.2 93/77.0 (45)
Success Rate 100/100 100/100 -/- 100/100 98/98 2/2
-------------------------------------------------------------------------

(1) Revenue includes realized gains and losses on financial instruments
and call option premiums received.
(2) This is a non-GAAP measure; please refer to "Significant accounting
policies and non-GAAP measures" included in the MD&A.
(3) Based on weighted average Trust Units outstanding for the period.
(4) Based on Trust Units outstanding at each cash distribution date.
(5) Net debt is measured as at the end of the period and includes net
working capital (deficiency), excluding short-term financial
instrument assets and liabilities related to the Trust's hedging
activities and the current portion of convertible debentures. Total
net debt includes convertible debentures, measured at principal
amount.
(6) Production amounts are based on the Trust's interest before
deduction of royalties.
(7) Deemed production describes all gas shut-in or denied production
pursuant to a decision report, corresponding order or general
bulletin of the Alberta Energy and Utilities Board ("AEUB"), or
through correspondence in relation to an AEUB ID 99-1 application.
This deemed production is not actual gas sales but represents
shut-in gas that is the basis of the gas over bitumen ("GOB")
financial solution received monthly from the Alberta Crown as a
reduction of other royalties payable.
(8) PET's commodity hedging strategy employs both financial forward
contracts and physical natural gas delivery contracts at fixed
prices or price collars. In calculating the Trust's natural gas
price before financial and physical hedging, PET assumes all natural
gas sales based on physical delivery fixed-price or price collar
contracts during the period were instead sold at AECO monthly index.
(9) As evaluated by McDaniel & Associates Consultants Ltd. in accordance
with National Instrument 51-101. See "Reserves" included in the
MD&A.
(10) Reserves are presented on a company interest basis, including
working interest and royalty interest volumes but before royalty
burdens. Royalty interest volumes totaled 2.3 Bcfe on a proved and
probable basis in 2009 (2008 - 3.3 Bcfe).
(11) Discounted at five percent using consultant's forecast pricing.
Reserves at various other discount rates are located in the
"Reserves" section of the MD&A. Includes gas over bitumen royalty
adjustments (2009 - $109.9 million, 2008 - $70.5 million) related to
the financial solution described in Note 7 above and estimated
probable gas over bitumen shut-in reserves (2009 - 45.8 Bcf and
$55.3 million, 2008 - 26.6 Bcf and $78.3 million). Estimated present
value amounts should not be taken to represent an estimate of fair
market value.
(12) Based on Trust Units outstanding at period end.



2010 OUTLOOK AND SENSITIVITIES


Approximately $32 million will have been expended on exploration and
development activities by the end of the first quarter with positive results
thus far, generating approximately 15 to 17 MMcfe/d of production which is
expected to come onstream by early April.


PET was active in the Carrot Creek area during the winter season,
drilling six gross (5.2 net) vertical wells targeting tight gas sands. All six
wells have been cased, for a 100 percent success rate. Three of the wells have
been completed with final test rates of 800 Mcf/d, 2,200 Mcf/d and 4,000 Mcf/d
plus associated liquids of approximately 30 to 40 bbls per MMcf/d. The
remaining three wells are currently undergoing or awaiting completion
operations, and five of the six wells are expected to be on production prior
to breakup.


Also in the Carrot Creek/Pembina area, a non-operated horizontal oil well
(0.5 net) is currently being drilled targeting the Cardium formation, with
completion results expected by the end of March. Warm winter weather and an
early spring break-up may delay the completion to the second quarter of 2010.
PET is also preparing to drill two horizontal Cardium oil wells immediately
after breakup. Should the results of this activity be consistent with the
positive industry results on neighboring acreage, PET will review its 2010
capital budget and may incorporate an extensive multiwell pad development
program at Carrot Creek in the fourth quarter of 2010.


In the Elmworth area, PET and its partner are preparing to drill three
horizontal (1.5 net) Montney gas wells, with the first well expected to spud
in July 2010. PET will be carried for its 50 percent share of the capital
costs for these three wells.


The Trust has increased its focus on growth opportunities in 2010, with
plans in place to exploit several of its opportunities in the Montney
formation at Elmworth, the Cardium formation at Carrot Creek and Pembina, the
shallow Colorado and Viking shale gas play in east central Alberta and two
heavy oil opportunities in northeast Alberta. With success in these resource
plays, PET is evolving its sustainable distribution model that balances short
term cash returns to its Unitholders and long term value creation through
capital reinvestment to incorporate a component of repeatable growth.


PET also closed an acquisition of natural gas assets in the Southern
district in January 2010 for total proceeds of approximately $17.5 million,
including a $1.8 million deposit paid in 2009, which is expected to add 4
MMcfe/d to the Trust's annual average production volumes. In addition, PET has
spent approximately $11 million on further delineation and evaluation of the
Trust's gas storage project at Warwick.


PET continued to supplement its gas price risk management program in
2010, including the crystallization of approximately $57 million in gains in
respect of the Trust's March to October 2010 hedging portfolio in February and
March of 2010. The hedge price on the crystallized volumes for the April to
October 2010 period was immediately reset to $4.55 per GJ. For April through
December 2010 PET has an average of 86 MMcf/d of natural gas production hedged
at an average price of $5.59 per Mcf. For January 2011 through October 2011
PET has an average of 46 MMcf/d of gas production hedged at an average price
of $7.55 per Mcf.


At current AECO average settled and forward prices of $4.64 per GJ for
2010 the Trust estimates 2010 cash flow of $170 to $180 million. PET has a
proactive gas price risk management strategy in place that has resulted in
downside protection to this cash flow with financial instruments in place to
manage gas price risk for over 50 percent of its 2010 forecast sales and gas
over bitumen deemed production volumes. Incorporating PET's current hedging
portfolio and forward natural gas prices into the Trust's production,
operations and funds flow projections, the current level of distribution
represents a payout ratio of approximately 40 to 45 percent for 2010. The
current monthly distribution level and planned $80 million exploration and
development expenditure program can be funded completely through funds flow,
with the additional $10 to $20 million of forecast cash flow directed to
reduce bank debt or to increase capital spending on PET's Cardium tight oil
play in the Pembina area of west central Alberta. In addition, PET anticipates
approximately $40 million in DRIP proceeds for 2010 will further reduce bank
indebtedness by year end 2010, assuming participation in the Trust's DRIP and
Premium DRIP programs continues at the current level of approximately 60
percent.


The following table shows PET's estimate of key measures for 2010 based
on its hedging portfolio, production levels and the Trust's estimated
exploration and development capital expenditures and targeted results for full
year 2010 under several different full year 2010 AECO gas price assumptions.



Average full year AECO monthly
index gas price ($/GJ)(3)
Funds flow outlook $4.00 $5.00 $6.00
-------------------------------------------------------------------------
Oil and natural gas production (MMcfe/d) 151 151 151
Realized gas price ($/Mcfe) 6.32 6.84 7.36
Funds flow(1) ($ millions) 165 185 201
Per Trust Unit(1) ($/Unit/month) 0.109 0.122 0.132
Payout ratio(1)(4) (%) 46 41 38
Ending net debt ($ millions) 469 448 433
Ending net debt to funds flow ratio(2) (times) 2.8 2.4 2.2
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) These are non-GAAP terms; please refer to "Significant accounting
policies and non-GAAP measures" in this MD&A.
(2) Calculated as ending net debt (including convertible debentures)
divided by annualized funds flow.
(3) Average AECO settled and forward price for 2010 as at March 8, 2010
was $4.64 per GJ.
(4) Estimated payout ratio assumes a distribution rate of $0.05 per month
per Trust Unit for January through December 2010.


Below is a table that shows sensitivities of PET's 2010 estimated funds
flow to operational changes and changes in the business environment:



Funds flow sensitivity analysis Impact on funds flow per Trust Unit
($ per Trust Unit) Change Annual Monthly
-------------------------------------------------------------------------
Business Environment
Natural gas price at AECO $0.25 per Mcf 0.033 0.003
Interest rate on debt 1% 0.021 0.002
Operational
Production volume 5 MMcfe/d 0.071 0.006
Operating costs $0.10 per Mcfe 0.043 0.004
Cash general and administrative
expenses $0.10 per Mcfe 0.043 0.004
-------------------------------------------------------------------------



The Trust's outlook and sensitivities assume operating costs of $2.00 per
cfe, cash general and administrative expenses of $0.60 per Mcfe, an interest
ate on bank debt of 3.8 percent and incorporate the Trust's financial and
physical forward sales portfolio at March 8, 2010. Cash general and
administrative expenses are equal to general and administrative expenses
before Trust Unit-based compensation.


Forward Looking Information


Certain information regarding PET in this news release including
management's assessment of future plans and operations and including the
information contained under the headings "Conversion to Corporation" and "2010
Outlook and Sensitivities" above may constitute forward-looking statements
under applicable securities laws. The forward looking information includes,
without limitation, statements regarding the timing of and approvals required
for conversion to a corporation; the anticipated benefits of the proposed
corporate conversion; the anticipated dividend payment and amount thereof
contemplated to be paid upon completion of the proposed corporate conversion;
as well as tax treatment thereof; the anticipated efficiency of operating
under a corporate structure; the timing and delivery of the information
circular proxy statement and holding of the Unitholder meeting and Unitholder,
regulatory and court approval of the proposed corporate conversion; expected
access to capital markets; forecast production, operations, funds flows, and
timing thereof; forecast and realized commodity prices; forecast and funding
of capital expenditures; use of funds flow; use of DRIP proceeds; planned
drilling and development and the results thereof; estimated payout ratios,
estimated ending net debt; marketing and transportation; reserve estimates;
and estimated funds flow sensitivity. Various assumptions were used in drawing
the conclusions or making the forecasts and projections contained in the
forward-looking information contained in this press release, which assumptions
are based on management analysis of historical trends, experience current
conditions and expected future developments pertaining to PET and the industry
in which it operates as well as certain assumptions regarding the matters
outlined above. Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which could cause
actual results to vary and in some instances to differ materially from those
anticipated by PET and described in the forward-looking information contained
in this press release. Undue reliance should not be placed on forward-looking
information, which is not a guarantee of performance and is subject to a
number of risks or uncertainties, including without limitation those described
under "Risk Factors" in the Trust's MD&A for the year ended December 31, 2009
and those included in reports on file with Canadian securities regulatory
authorities which may be accessed through the SEDAR website
(http://www.sedar.com) and at PET's website (http://www.paramountenergy.com).
Readers are cautioned that the foregoing list of risk factors is not
exhaustive. Forward-looking information is based on the estimates and
opinions of PET's management at the time the information is released and PET
disclaims any intent or obligation to update publicly any such
forward-looking information, whether as a result of new information, future
events or otherwise, other than as expressly required by applicable
securities laws.


Non-GAAP Measures


This news release contains financial measures that may not be calculated
in accordance with generally accepted accounting principles in Canada
("GAAP"). Readers are referred to advisories and further discussion on
non-GAAP measures contained in the "Significant Accounting Policies and
Non-GAAP Measures" section of the Trust's MD&A.


Mcf equivalent (Mcfe) may be misleading, particularly if used in
isolation. In accordance with National Instrument 51-101 ("NI 51-101"), an
Mcfe conversion ratio for oil of 1 Bbl: 6 Mcf has been used, which is based on
an energy equivalency conversion method primarily applicable at the burner tip
and does not necessarily represent a value equivalency at the wellhead.


Paramount Energy Trust is a natural gas-focused Canadian energy trust.
PET's Trust Units and Convertible Debentures are listed on the Toronto Stock
Exchange under the symbol "PMT.UN", "PMT.DB.A", "PMT.DB.C" and "PMT.DB.D",
respectively. Further information with respect to PET can be found at its
website at http://www.paramountenergy.com.


The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.