zed.i solutions inc.

zed.i solutions inc.

January 08, 2007 11:51 ET

zed.i Announces Further Adoption of its PetroNet: Production Accounting Application

CALGARY, ALBERTA--(CCNMatthews - Jan. 8, 2007) - zed.i solutions inc. ("zed.i") (TSX VENTURE:ZED) announced today that Crescent Point Energy Trust and Duvernay Oil Corp. will each augment their production accounting practices with the corporate adoption of zed.i's PetroNet: Production Accounting Application. With the addition of these three customers, zed.i continues to expand their foothold in the production accounting and production operations management market place.

zed.i customers realize greater efficiencies through the use of a single application that combines an easy to use interface with the highest degree of functionality required for government reporting, sales splits, revenue recognition and royalty calculations. The adoption of zed.i's web-based PetroNet application enables customers to translate accurately measured oil and gas volumes into revenues with greater certainty.

"We continue to stay focussed on delivering quality applications and services designed to help our customers realize a productive shift in their operational performance" said Raj Abbi, Director of Production Accounting. He added: "The adoption by these producers confirms the value customers receive from an application such as PetroNet that combines state-of-the-art functionality, with practical considerations, such as ease of use and deployment options."

zed.i solutions Inc. (TSX VENTURE:ZED) is the emerging leader in production operations management and compliance for decentralized operations in commodities industries. With a principle focus on the energy sector, the zed.i suite of automated system and expert services bring certainty to production intelligence management. This helps zed.i customers and their people to realize untapped profitability and performance potential.

Established in 1987, zed.i has collaborated with customers and stakeholders to champion a new discipline in oil and gas industry performance. With installed systems managing thousands of sites - zed.i has enabled a productive shift in operational performance for more than 180 upstream, midstream and oilfield services organizations. Please visit www.zedisolutions.com, for more information.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

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