Production Enhancement Group Inc. to present at Third Annual Sanders Morris Harris Investor Growth Conference



    HOUSTON, TX, Nov. 1 /CNW/ - Production Enhancement Group (PEG),
(TSX: WIS) today announced that Chester Jachimiec, Executive Vice President,
Finance and Acquisitions, will present at the Sanders Morris Harris Investor
Growth Conference on November 9, 2007 at 12:00 p.m. Eastern Time. The
conference will be held in New York City at the New York Palace Hotel on
November 8 and 9. Mr. Jachimiec will discuss the company's strategy,
competitive advantage, and plans for growth, followed by a breakout session.
    With more than 400 institutional investors in attendance, the conference
will feature presentations from more than 70 leading United States and United
Kingdom small- and mid-cap companies representing a diverse group of
industries including energy, healthcare, environmental, business services,
consumer, financial services, and converging media and technology. The
conference website is located at www.smhcapital.com/events/IGC2007.html.

    About Production Enhancement Group, Inc.

    Production Enhancement Group, Inc., a Houston-based energy services
company incorporated in Alberta, Canada, trades on the TSX under the symbol
WIS. PEG's wholly owned subsidiary, WISE(R) Well Intervention Services, Inc.,
has developed patented WISE(R) multifunction coiled tubing technologies and
markets a full range of coiled tubing, pressure pumping and wireline services.
    WISE(R) is a trademark of Production Enhancement Group, Inc.

    About Sanders Morris Harris

    Sanders Morris Harris Group (SMHG) is a financial services holding
company headquartered in Houston that manages approximately $15.8 billion in
client assets. The subsidiaries and affiliates of Sanders Morris Harris Group
deliver superior wealth advisory, asset management, and capital markets
services to individual and institutional investors and middle-market
companies. Its operating entities are Edelman Financial Center, Salient
Partners, Salient Trust Co. LTA, SMH Capital, SMH Capital Advisors, and Select
Sports Group. SMH Capital Markets offers a full range of corporate and
investment banking services including: private placements and public offerings
of equity and debt securities, financial advisory services, institutional
equity sales, trading, and research, as well as prime brokerage services for
hedge funds and fixed income securities sales and trading. For more
information, please visit http://www.smhib.com

    Disclaimers

    The TSX does not accept responsibility for the adequacy or accuracy of
    this release.

    This release and PEG's website referenced in this release may contain
forward-looking statements, including expectations of future components of
cash flow and earnings. Investors are cautioned that assumptions used in the
preparation of such information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted, a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of PEG. These risks
include, but are not limited to, the risks associated with the oil and gas
industry, commodity prices, and exchange rate changes. Industry related risks
could include, but are not limited to, operational risks in exploration,
development, and production, delays or changes in plans, and health and safety
risks, including, without limitation, costs and expenses. The risks outlined
above should not be construed as exhaustive. Investors are cautioned not to
place undue reliance on any forward-looking information. PEG undertakes no
obligation to update or revise any forward-looking statements.

    %SEDAR: 00023366E




For further information:

For further information: visit www.productionenhancement.com or contact:
Douglas Parker, Chief Financial Officer, Production Enhancement Group, Inc.,
(281) 282-1851, dparker@wisewellintervention.com; Ken Wetherell, Investor
Relations, Bryan Mills Iradesso, (403) 503-0144 x224, kwetherell@bmir.com

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PRODUCTION ENHANCEMENT GROUP, INC.

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