Pandell Makes Top Ten in Alberta's Fast Growth 50 List

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Calgary based Pandell Technology Corporation earns a 9th place ranking in Alberta Venture's January 2009 "Fast Growth 50" listing.

We're pleased that the company has achieved strong performance despite the unsteady economic climate in Alberta

Pandell Technology Corporation announced today that it achieved a 9th place ranking in Alberta Venture's Fast Growth List of companies with growth under $20 million. Recognized among 25 companies in its category, Pandell is identified for its significant growth in revenue, assets, net earnings and employees over a three-year period. Pandell executive David Beresford is also featured in an article that highlights the challenges facing top growth performers in 2009.

"We're pleased that the company has achieved strong performance despite the unsteady economic climate in Alberta," says Greg Chudiak, President and CEO. "It's a great testament to the hard work and solid strategies we've put in place to deliver industry-leading, affordable products and services to our customers."

Alberta Venture's Fast Growth 50 List is a highly anticipated ranking of Alberta-based companies in the over $20 million category and the under $20 million category. The businesses that make the Fast Growth 50 List are Alberta's growth champions and are setting the pace for the fastest growing economy in Canada. The list is compiled with contributions from KPMG, ATB Financial, Parlee McLaws LLP, Robert Half, TEC Canada and Alberta Venture.

About Pandell Technology Corporation:

Established in 1997, Pandell is a software solutions company with three business divisions. The PLISolutions Division builds and supports enterprise web applications. The NexusWorkforce Division provides oil and gas accounting services. The NexusSuite Division sells and supports a full set of back-office oil and gas software products. With its industry expertise and unique Pandell Liquid Intelligenceā„¢ technology ("PLI"), the company delivers the most modern, affordable software solutions to its clients.

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