“The system will provide end-to-end transaction support to our business and is a cornerstone of our infrastructure to manage risk and optimize our portfolio.”

Capital Power

Allegro Appoints Gary Haroian to Board of Directors

Haroian Brings Proven Track-Record of Success, Leading High Growth Technology Companies

DALLAS, Texas, August 25, 2008 – Allegro, a leading provider of energy trading and risk management (“ETRM”) solutions, today announced that Gary Haroian has joined Allegro’s Board of Directors.  Gary Haroian brings more than 30 years of experience providing leadership to high-growth companies.  Haroian will help drive Allegro’s expansion and customer satisfaction as it becomes the dominant global provider of ETRM solutions.

Gary Haroian has an extensive background in growth equity across a diverse portfolio of public and private companies.  Haroian is currently a director and Audit Committee Chairman for three public companies; Aspen Technology (AZPN), Network Engines (NENG), and Phase Forward (PFWD), as well as for privately held A123Systems.  Previously, Haroian also served on the boards of Authorize.net, Embarcadero Technology and Silverback Technologies.  Additionally, his leadership drove significant growth at Stratus Computer, while over thirteen years he served as CFO, President and COO, and CEO.

“I am very pleased with the addition of Gary Haroian to Allegro’s board of directors,” states Allegro Founder and CEO, Eldon Klaassen.  “Gary has an impressive track record of fostering sustainable growth, and will be a significant asset to Allegro as we continue to leverage our deep energy and risk management expertise and proven ETRM solution - delivering ongoing customer value.”

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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