PMEG Awarded Ten-Year O&M Contract in Colombia

ATLANTA (May 21, 2007) – PIC-Marubeni Energy Group (PMEG) is pleased to announce it has entered into a ten year O&M and Long Term Major Maintenance Management contract, to include start-up and commissioning, for ININ Corporation’s Termocol Power Plant, to be installed in Santa Marta, Colombia. The first phase of the facility will consist of two Westinghouse W251B8 gas turbines (70 MW).

“Our search for an Operations and Maintenance provider required a robust project structure and the potential for a long lasting relationship from inception. While selecting a service provider, our criteria focused on depth of service; a solid track record; ability to grow with us; and responsiveness to our needs,” said Mr. George Castellanos, President and CEO of ININ Corporation. “In addition to our initial criteria, PMEG is the only entity that also demonstrates the additional requirements we feel are vital to our project and business model success. PMEG is extremely proactive in its approach to solution implementation; possesses a wise acumen while discussing project issues; and exhibits proper dimension and respect to us. Above all, we are impressed by the quality of PMEG’s professional team.”

“As we continue to expand our presence in Latin America, we are pleased to be given the opportunity to work with a successful, visionary company such as ININ Corp, headed by Mr. Castellanos. We’re proud that ININ Corp and its partner, Mr. Ed Siebert, President of PRC Environmental have chosen PMEG to support all of their projects in the U.S. and Latin America” said Tom Paul, President of PMEG.

PIC-Marubeni Energy Group (PMEG), a subsidiary of The PIC Companies and Marubeni Corporation, provides full third party O&M services for power generation facilities worldwide. PMEG’s offerings ranging from simple O&M staffing programs to full care, custody and control with management of major maintenance activities. PMEG’s experience includes more than 6,000 MW of contracted O&M services in nine (9) countries. PMEG serves the Latin American market from its corporate office in Atlanta, Georgia and its regional offices in Peru and Colombia.

The PIC Companies, headquartered in Marietta (Atlanta), Georgia and established in 1988, is a leader in providing global service solutions to the energy industry. Offering full scope turbine and boiler outage services, balance of plant mechanical services, equipment commissioning, integrated plant start-up, and complete staffing solutions for all aspects of project development and execution.

Marubeni Corporation is a publicly listed company headquartered in Tokyo, Japan with over $41 billion in assets, over $28 billion in annual revenue, and approximately $4.6 billion in gross profit (2006 data). The company was founded in 1858 and currently has 124 offices in 74 different countries around the world.