“We require a platform that can most effectively manage our diverse operations and provide the enterprise-wide visibility our business demands. Allegro is that solution. Allegro’s architecture and depth of functionality will allow us to scale our business as we continue to execute on our growth strategy.”

Genesis Energy

Allegro Names Jarett Janik Chief Financial Officer

Brings Proven Financial Management and Leadership Experience

DALLAS, Texas, June 2, 2008 – Allegro, a leading energy trading and risk management (“ETRM”) solutions provider (www.allegrodev.com), announced today the appointment of Jarett Janik as Chief Financial Officer.  The addition of Janik provides a proven track record of successful financial management and an ability to grow companies.  As Chief Financial Officer, Janik will be responsible for building and managing Allegro’s global finance and accounting organizations.

“Jarett Janik brings to Allegro extensive experience in strategic business planning and international finance and operations,” said Allegro founder and CEO, Eldon Klaassen.  “Janik will be a significant asset to our leadership team as we drive Allegro’s growth and expand the worldwide presence of our software solutions.”

Janik was most recently Vice President of Audit and Compliance and Vice President of Global Finance and Controller with Infor Global Solutions Ltd.  Infor is the third largest provider of Enterprise Resource Planning (“ERP”) and related systems, and the tenth largest software company in the world.  Prior to Infor, Janik served as Vice President, Controller Global Technology and E-Banking Services at Certegy Inc. and as Chief Financial Officer and Secretary for Netzee, Inc.

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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