Natural Gas – Conversions, Vehicles and Technology

PNG Ventures Wins LNG Supply Contract for the City of Phoenix

July 30, 2008

DALLAS - PNG Ventures, Inc. recently announced its wholly owned subsidiary, Applied LNG Technologies USA, LLC has executed a liquefied natural gas (LNG) supply contract with the City of Phoenix, Ariz.

Under the terms of the agreement, PNG Ventures will supply over 10 million gallons to the City over the course of the next twelve months. The City of Phoenix will use the LNG as a transportation fuel for its municipal transit buses.

The City of Phoenix is the largest single purchaser of transportation LNG in the United States.

Director of the City of Phoenix Public Transit Department, Debbie Cotton, stated, “The City of Phoenix is proud to be a leader in the advancement of the use of LNG as a clean, affordable alternative solution to this nation’s energy concerns. We are pleased to be working with ALT in offering clean, domestically produced LNG to our municipal fleet.”

Kevin Markey, interim CEO of PNG Ventures, said, “Our agreement with the City of Phoenix is a great addition to the growing strength of ALT. We are excited to begin this relationship with such a forward-looking partner.”

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