zed.i solutions inc.

zed.i solutions inc.

October 23, 2006 12:57 ET

zed.i Enters Into Software Utilization Agreement With Penn West Energy Trust

CALGARY, ALBERTA--(CCNMatthews - Oct. 23, 2006) - zed.i solutions inc. (TSX VENTURE:ZED) ("zed.i") is pleased to announce that Penn West Energy Trust ("Penn West") has entered into an agreement to utilize zed.i's Roughneck Enterprise Asset Management solution in its operations management practices. The application of this product incorporates the Asset Management, Preventative Maintenance and Compliance modules of the Roughneck web-based solution.

The Roughneck solution, designed to facilitate the proactive management of oilfield equipment and reduce the risk of equipment failure and downtime, allows oil and gas producers to realize cost savings and increased operational efficiencies through improved asset utilization and performance. The integrated application also streamlines the process of tracking and reporting field activities for regulatory compliance.

Alon Wolfman, zed.i's Director of Operations Management Solutions states, "As the largest conventional energy trust in North America, the Penn West adoption of Roughneck represents a significant milestone for zed.i. It clearly recognizes that our oilfield asset management solution is capable of solving the challenges faced by larger producers."

About zed.i solutions inc.:

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.

Contact Information