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Allegro Development Expands European Presence; Taps Energy Industry Expert Victor Peeke to Head European Sales Efforts.


Energy Editors/Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--Oct. 22, 2003

Allegro (operating system) Allegro - The code name for the major Mac OS release due in mid-1998.

http://devworld.apple.com/mkt/informed/appledirections/mar97/roadmap.html.
 Development, a leading provider of software solutions to the oil, gas and energy industries, today announced that it has expanded its London office to better serve European markets. Over the last 12 months, Allegro has licensed its software to a number of new clients across Europe. To accommodate this growth in its client base, Allegro has already hired new staff, increasing its European staff numbers by about 33% and is in the process of moving its London office to larger premises.

"The recent successes that Allegro has had in Europe demonstrates the flexibility of our software products and the company's understanding and experience of the global energy business," said Allegro founder and President, Eldon Klaassen. "The growth in our London-based operations demonstrates Allegro's commitment to broadening our market and installed base at a time when many energy industry software vendors are being forced to downsize Downsize

Reducing the size of a company by eliminating workers and/or divisions within the company.

Notes:
When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability.

It is sometimes referred to as trimming the fat.
."

Allegro also announced that it has recently hired Victor Peeke to head sales in Europe and Asia from its newly expanded London office. Peeke, an oil and gas industry veteran, had previously successfully held similar roles with Sakonnet Technology, Vedaris (formerly FSD FSD Female Sexual Dysfunction
FSD File System Driver
FSD Family Support Division
FSD Fire Services Department (Hong Kong)
FSD Full Scale Development
FSD Full Scale Deflection
FSD Federal Systems Division
) and Bridge Information Systems. He was also for many years a Sales Director for Platt's, a division of McGraw-Hill Publications Co., where he served in Paris, London, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Singapore.

"Joining Allegro in this new role was an easy decision and I am excited about Allegro's opportunities in Europe and Asia," said Peeke. "I am impressed im·press 1  
tr.v. im·pressed, im·press·ing, im·press·es
1. To affect strongly, often favorably:
 by the company's professionalism, unmatched range and depth of software products, and it's willingness to constantly invest in its people and improve on its software architecture, products, and processes."

About Allegro Development Inc.

Allegro develops software for the energy industry, with twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights.
     2.
 experience of providing uniquely flexible and configurable solutions. Allegro application components manage the production, purchase, transport, sale, and consumption of natural gas, electric power, crude oil, natural gas liquids, refined products, and coal.

Allegro customers include the world's leading oil and gas producers, gas processors, pipelines, petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons.  producers, coal producers, first purchasers, crude oil traders Traders

Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread.
, refiners, fuel distributors, energy merchants, municipals, natural gas utilities, power generators, power utilities, energy retailers, and energy consumers.

For more information, please visit www.allegrodevelopment.com.
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Publication:Business Wire
Date:Oct 22, 2003
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