Ardour Global Index of Alternative Energy Stocks Up 41% YTD; Europe Outpaces North America

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The Ardour Global Index (Ticker: AGIGL) of 74 global alternative energy stocks posted a 41.77% gain on the year as of May 15. The strong performance is a reflection of heightened investor interest in the sector caused by rising oil prices, security concerns and environmental issues, as well as improving company fundamentals.

The AGI is a comprehensive, impartial and rules based measure of leading alternative energy stocks from around the world. Says Walter Nasdeo, Consulting Analyst to Ardour Global Indexes, “Since the beginning of the year, the sector has really taken off, especially in Europe.”

The AGI Europe (Ticker: AGIEM), a sub-index of the AGI that tracks 26 European alternative energy stocks, has risen over 73%, compared to a rise of only 10% for the North American sub-index (Ticker: AGINA) of 44 stocks.

Nasdeo cautions, “This performance is certainly impressive, but the sector has gone through some rough patches in the past.” Indeed, following the technology downturn in 2000, the AGI lost over half its value.

Year to Date Performance:

Index                    Ticker    Value (5/15/06)    Change YTD

Ardour Global Index     AGIGL     USD 2,365.33     +41.77%

AGI North America     AGINA     USD 1,970.31     +10.04%

AGI Europe             AGIEM     USD 3,166.83     +73.54%

Complete information about the Ardour family of global alternative energy indexes is available at http://www.ardourglobalindexes.com.

Ardour Global Indexes will be introduced at the NY Alternative Energy Forum on May 17. Conference details at http://www.publicinvest.org. Qualified media admitted free of charge.

Index Info:                

Joseph LaCorte

Ardour Global Indexes, LLC

646-467-7927

Walter Nasdeo

Ardour Capital Investment, LLC

212-375-2958

Alternative Energy Info:                    

Brian Greenstein

Ardour Capital Investments

212-375-2956

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