March 02, 2007 11:45 ET

eResearch Corrects Misinformation on Issuance of Initiating Report on GeoPetro Resources Company

TORONTO, ONTARIO--(CCNMatthews - March 2, 2007) - On March 1, 2007, eResearch issued a Press Release announcing the initiation of coverage on GeoPetro Resources Company.

In that Press Release, we stated, erroneously, that GeoPetro Resources Company paid for the research report.

In fact, Dundee Securities Corporation paid eResearch a fee of $17,500 + GST to conduct research on the Company on an Annual Continuous Coverage basis.

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