Alberta Securities Commission - Cease Trade Order Partially Revoked

    CALGARY, March 5 /CNW/ - A Cease Trade Order dated July 20, 2001 against:

    Peragis Inc.

    has been partially revoked effective March 5, 2008.

    A partial revocation has been issued to facilitate a private placement
transaction, the purpose of which is to raise funds required to call and hold
an Extraordinary Meeting.

    The Alberta Securities Commission (ASC) is the regulatory agency
responsible for administering the province's securities laws. It is entrusted
to foster a fair and efficient capital market in Alberta and to protect
investors. As a member of the Canadian Securities Administrators, the ASC
works to improve, coordinate and harmonize the regulation of Canada's capital

For further information:

For further information: Lorissa Chan, Statutory Filings Analyst,
Corporate Finance, Tel: (403) 355-3880, Email:

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