Press Release

APX, Largest Technology Provider For Environmental Markets, To Create Registry For Major Global Standards Group

Swiss-Based Gold Standard Foundation Selects APX for Greenhouse Gas Offset Registry Services

Santa Clara, CA - November 26, 2007 - APX, Inc., a global leader in registration and tracking of emission and renewable energy credits for the fast-growing environmental "cap-and-trade" marketplace, has been selected to develop and manage a greenhouse gas emissions offset registry for the Switzerland-based Gold Standard Foundation.

The Gold Standard Foundation provides a quality label and sets international standards for offset credits and related transactions in the worldwide voluntary carbon market. Set up in 2003 by the World Wildlife Fund, SouthSouthNorth, and Helio International, the organization has the endorsement of over 49 key environmental NGO's around the world.

As the sector's leading provider of infrastructure and technology solutions for offset markets in greenhouse gases, APX will guarantee the transparency, quality, reliability, and security of carbon greenhouse gas emission offsets to meet the exacting standards of the Foundation and investors in the growing global marketplace for tradable emission credits, now valuable economic assets.

John Melby, President and CEO of APX, commented: "This important assignment underscores the rapid global growth of the emissions offset marketplace requiring the high-quality, reliable, and transparent data infrastructure we provide to support voluntary markets and 'cap-and-trade' transactions."

Michael Schlup, Director of the Gold Standard Foundation, added: "We are especially pleased to be working with APX. We selected APX because of the strength of its trusted platform and its proven track record. We are confident that the APX solution will provide the secure, cost-efficient and easy-to-use solution that the voluntary carbon market is looking for as a sound foundation for further growth."

Once in place, the Gold Standard Registry provided by APX will offer stakeholders easy-to-use, web-based software that creates, tracks, and enables trading of Gold Standard Verification Emission Reduction (VER) credits. Each reduced metric ton of carbon dioxide equivalent will be recorded and serialized by APX against an emissions baseline and then tracked as VER credits in participant accounts.

About APX, Inc.
APX is the leading infrastructure provider for environmental and energy markets in renewable energy and greenhouse gases including carbon commodities. APX technology is now the system of choice for every major renewable energy market in North America, including the PJM (GATS), ISO New England (NEPOOL GIS), WECC (WREGIS), MISO (M-RETS) and ERCOT (Texas REC) markets. Users of these systems include the largest environmental commodity brokers, marketers, generators, and load serving entities. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, and demand response programs. A privately held company, APX is headquartered in Santa Clara, CA.