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HORSHAM, Pa., March 28 /PRNewswire-FirstCall/ — Astea International Inc. a global provider of service lifecycle management, today announced that on March 25, 2008, the Company’s Audit Committee concluded that the Company’s financial statements for 2006, the interim periods contained in 2006, and the interim periods for the first nine months of 2007, should no longer be relied upon because of errors in such financial statements. As a result of these errors, the Company will restate the financial statements described above to correct its accounting for revenue recognition.The details of the restatement are described in the Form 8-K filed today. To summarize, however, at present it involves certain contracts that were executed in the second and third quarters of 2006. Each contract contained numerous licenses and modules that were purchased by each customer and delivered to them in the quarter in which the Company recognized the revenue. Included in these contracts were one or two add-on modules for an analytical tool. The main component of the tool and one of the analytical modules was included in the delivery of software to these customers. However, there were one or two analytical modules that could not be delivered. The Company had originally estimated a value for the undelivered modules and deferred recognition of the related revenue on them until they were delivered, which occurred in the first and second quarters of 2007. At the time the Company filed its 2006 Form 10-K, which included audited financial statements for the year ended December 31, 2006, it believed that the license revenue on the contracts was properly recognized and the deferral of revenue on the undelivered modules was properly reported. In addition, the Company believed that the maintenance and service revenue related to the contracts were properly recognized as revenue in 2006.Notwithstanding the preceding, in conjunction with the 2007 audit, management determined that the Company does not have vendor specific objective evidence (”VSOE”) for the undelivered analytical module software licenses. According to AICPA SOP 97-2 “Software Revenue Recognition” and related statements, undelivered elements to a sale must have VSOE in order to recognize revenue for the delivered elements that do not have VSOE. The Company uses the residual method for recognizing revenue on its software licenses. In such instances, the accounting rules state that if VSOE for undelivered software modules cannot be determined, then all revenue related to that sale must be deferred until the undelivered elements are delivered. Accordingly, all revenue, including license, service and maintenance must be deferred until the delivery and acceptance of the final undelivered element. Therefore, the Company will be restating its financial statements to defer all license revenue and service and maintenance revenue recognized in relation to the contracts at issue in 2006. Since the undelivered elements were all delivered in 2007, all revenue deferred from 2006 as a result of this restatement will be recognized in 2007. The net effect of the above will be to decrease revenues and increase the net loss in 2006, and, by an equal amount, to increase the revenues and net income for 2007.The Company anticipates filing amendments to its Forms 10-Q for the affected quarterly periods to reflect the corrections to its quarterly consolidated financial statements in the near future. The Company’s Annual Report on Form 10-K for fiscal 2007 will reflect these adjustments and contain additional information regarding this matter. The Company anticipates that it will need additional time to make the necessary adjustments to the 2007 Form 10-K, and will likely file a Form 12b-25 to request a fifteen day extension of the March 31, 2008 filing deadline for the Form 10-K.About Astea InternationalAstea International is a global provider of service management software solutions that address the unique needs of companies who manage capital equipment, mission critical assets and human capital. With the acquisition of FieldCentrix, Astea complements its existing portfolio with the industry’s leading mobile field service execution solutions. Astea is helping companies drive even higher levels of customer satisfaction with faster response times and proactive communication, creating a seamless, consistent and highly personalized experience at every customer relationship touch point. Since its inception in 1979, Astea has licensed applications to companies, around the world, in a wide range of sectors including information technology, telecommunications, instruments and controls, business systems, HVAC, gaming/leisure, imaging, industrial equipment, and medical devices.. Service Smart. Enterprise Proven. Astea and Astea Alliance are trademarks of Astea International Inc. Forward-Looking StatementsForward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the statements regarding potential errors in previously issued financial statements; the nature, magnitude and scope of potential errors and the Company’s investigation and analysis of such potential errors. These statements are just predictions reflecting management’s current judgment and involve risks and uncertainties, such that actual results may differ significantly. These risks include, but are not limited to, additional actions resulting from the Company’s continuing internal review, as well as the review and audit by the Company’s independent auditors of restated financial statements, if any, and actions resulting from discussions with or required by the Securities and Exchange Commission, along with other risks and uncertainties discussed in the Company’s Annual Report on Form 10-K for the fiscal 2006 and the Company’s Quarterly Reports on Form 10-Q for subsequent quarters. The Company disclaims any obligation to update any forward-looking statements. Astea International Inc.

EL SEGUNDO, Calif., March 28 /PRNewswire/ — TelASIC Communications, a leading developer of Remote Radio Head (RRH) products for WCDMA / HSDPA infrastructure, today announced that Kent Osborne has joined TelASIC as Vice President of Manufacturing Operations.Kent brings 26 years of experience in the area of manufacturing and operations delivering carrier-class products to telecom operators worldwide. Kent was Sr. Director of Operations at DSC Communications (acquired by Alcatel-Lucent) for access division where he supported the revenue growth from $50M in 1992 to $600M in 1996 when he left. At World Access, Inc. where Kent was Vice President of Manufacturing Operations, he supported revenue growth from $51M in 1996 to $212M in 1999. During the last 8 years, Kent has served as Vice President of Manufacturing and Operations at several start-ups. Kent started his career as an R&D and components engineer at Nortel and holds a BSEE from University of Tennessee.”I am excited to join TelASIC which is poised for sharp revenue growth,” said Kent Osborne. “Having introduced the industry’s first 60W RRH products, TelASIC welcomes the opportunity to meet the increased customer demands. I have successfully executed similar roles at DSC Communications/Alcatel, World Access and several other companies. I know what it takes to ship carrier-class infrastructure products at high volume, meet the tough quality requirements of telecom OEMs and operators, scale the operations quickly when demand increases on a short notice, mandate design-for-manufacturability/test from day one and develop strong partnerships with contract manufacturers and suppliers for optimizing cost.”As announced last month, TelASIC started shipping the industry’s first fan-less 60W RRH for 3G infrastructure.”RRH is the default choice of several operators who are building 3G and other mobile broadband infrastructures like WiMAX to offer flat-rate wireless internet, TV, music, gaming, social networking and other ARPU-rich data services,” said PK Dubey, CEO and President of TelASIC Communications. “Demand for our Remote Radio Head products is growing worldwide and I am delighted to welcome Kent to TelASIC.”About TelASIC CommunicationsTelASIC Communications () is a leading developer of Remote Radio Head (RRH) products for WCDMA/HSDPA and WiMAX/LTE infrastructure. TelASIC’s highly power-efficient RRHs enable transmission of high output power, which is essential for delivering the high data rates and complete coverage required for mobile TV/video/audio/data-centric 3G data services. The company’s products are based on its world-leading expertise in signal processing algorithms for power amplifier linearization and high performance data converters purpose-built for WCDMA/HSDPA and WiMAX/LTE transmission. TelASIC Communications

CHAPEL HILL, N.C., March 28 /PRNewswire/ — With continuing economic woes, applying quality initiatives to customer service areas must show return to gain management buy-in. “Use great service to help establish a premium for product opportunity in a downturn,” explained a benchmarking manager in new product development. “There is a greater need for service when there is a downturn.”At “Using Quality to Improve the Customer Experience,” the 10th annual customer experience conference hosted by Best Practices, LLC’s GLOBAL BENCHMARKING COUNCIL, executives from leading companies shared results from recent quality initiatives to improve the customer experience. Presentations ignited discussion among GLOBAL BENCHMARKING COUNCIL members and guests from 36 companies around hot-button issues such as strategic customer experience tools to increase customer advocacy, improving the company’s Web site to ensure positive customer experiences, creating a distinctive brand to drive financial performance, achieving call center excellence and more.Download a complimentary excerpt of the post-conference report at to view a list of companies in attendance, presenting companies and their topics of interest, and notes from two roundtable discussions on Creating World-Class Customer Experiences: Successes, Failures and Insights from the Front Lines. Topics covered included: — Listening to Customers to Identify Their Unmet Needs & Harvest Insights — Using Customer Insights for Growth & Performance Improvement — Innovations in Managing & Enhancing Customer ExperiencePlease mark your calendar and inform your colleagues about the 10th Annual HR Management Conference, “Leadership Development: Finding, Growing & Retaining Top Talent,” in Sarasota, Fla., June 4-6, 2008. Learn more about this unique learning and networking opportunity at .To discuss the line-up of conferences or to explore research and networking opportunities available to you through the GLOBAL BENCHMARKING COUNCIL service, contact Bridget Watson directly at 919.767.9238 or at .Best Practices, LLC’s GLOBAL BENCHMARKING COUNCIL ( ) is an innovative research, benchmarking and networking service for business executives in pharmaceutical and life sciences, consumer and industrial products manufacturing, financial services and other industries to promote top-line revenue growth, cost reduction and innovative problem-solving. Best Practices, LLC

COVINGTON, Ky., March 28 /PRNewswire-FirstCall/ — Ashland Inc. today announced that J. Marvin Quin, senior vice president and chief financial officer, will retire after 36 years of service, effective May 31.(Logo: )Lamar M. Chambers, currently vice president and controller, will be elected to serve as chief financial officer, effective June 1, when the board of directors meets in May.”Marvin has served as Ashland’s CFO for 16 years and has had a significant leadership role during a period of great change for our company,” said James J. O’Brien, chairman and chief executive officer. “His insight, judgment and dedication were of great value to the company and to me personally, and we have a deep appreciation for his many and varied contributions.”Quin joined Ashland in Ashland, Ky., in 1972. He transferred to the Ashland Chemical division in Dublin, Ohio, in 1975 and rose to administrative vice president of Ashland Chemical in 1981. Two years later, he was elected treasurer of Ashland and relocated back to its Kentucky headquarters. In 1992, he was elected senior vice president and chief financial officer. He chairs the board of the Cincinnati Symphony Orchestra, Cincinnati, Ohio. In the past, he has served on the boards of Arch Coal, Marathon Ashland Petroleum LLC and Kentucky Electric Steel.A native of Vicksburg, Miss., Quin earned a bachelor’s degree from the University of Mississippi in 1969 and a Master of Business Administration from the University of Virginia in 1972.Ashland Inc., a diversified, global chemical company, provides quality products, services and solutions to customers in more than 100 countries. A FORTUNE 500 company, it operates through four divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies. To learn more about Ashland, visit .FORTUNE 500 is a trademark of Time Inc. Ashland Inc.

SCHAUMBURG, Ill., March 28 /PRNewswire-FirstCall/ — Motorola, Inc. today announced that it has been selected by the West Virginia State Police to deploy its Motorola Printrak Biometric Identification Solution (BIS). Motorola’s latest BIS solution features new algorithms for improved analysis of multi-modal biometric data delivering tenprint, latent, palmprint and facial images. The BIS software has been optimized for interoperable file exchange among agencies. The new solution also features true Service Oriented Architecture (SOA) and commercial off-the-shelf (COTS) hardware, delivering greater flexibility to expand and upgrade the system as future demand requires.The West Virginia State Police selected Motorola via a competitive bid process. “Motorola offered the technical solution that best met our needs,” stated First Lieutenant Michael Corsaro, the Director of Criminal Records and the AFIS Program for the West Virginia State Police. “Motorola’s new BIS includes a number of technological advances that will provide improved accuracy and enable us to capture and search palmprints, further assisting forensic teams in our crime-solving efforts.”The Motorola Printrak Biometric Identification solution supports a 1000 Pixels Per Inch (PPI) resolution for tenprint, latent, palmprint and facial images. This newest generation BIS builds upon Motorola’s industry leading Minutiae Interoperability Exchange Test (MINEX) algorithm to deliver enhanced interoperability, as shown in the National Institute of Standards and Technology’s ongoing MINEX tests. Additionally, Motorola’s system enables the storage of mugshot images and information within an Automated Fingerprint Identification System (AFIS) system for greater system management cost efficiencies and faster access to data.In addition to the BIS, West Virginia State Police is implementing digital booking capabilities with new 1000 PPI Motorola Printrak LiveScan Stations. These new biometric acquisition tools feature a more intuitive user interface and faster biometric processing enabling high-quality image submission with even the most uncooperative suspects.Motorola biometric capture solutions will be on display at Booth #2115 at the FOSE Conference and Exposition April 1-3 at the Washington Convention Center. For more information on Motorola’s MOTOA4TM solutions and services portfolio for mission-critical communications, visit .About MotorolaMotorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit .MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) 2008 Motorola, Inc. All rights reserved. Motorola, Inc.

DENVER, March 28 /PRNewswire/ — Long-chain (seafood) omega-3 polyunsaturated fatty acids (PUFAs) continue to prove their value in heart, brain and eye health, according to recent research summarized in the March 2008 Fats of Life and PUFA Newsletter electronic publications. Groundbreaking studies also show that omega-3s may improve recovery from spinal cord injury and dry eye syndrome.The effect of fish oil consumption on arterial elasticity, which allows for more rapid blood flow, was examined in China in overweight patients with high blood pressure. Participants who took 900 mg of seafood omega-3s daily for eight weeks had a 21% increase in arterial elasticity.”While blood pressure did not change in these participants, their arterial elasticity significantly improved,” said Editor Joyce Nettleton, D.Sc. “This observation suggests another way in which these omega-3s protect heart health.”A US study reported that marine omega-3s prevented atrial fibrillation- uncontrolled rapid trembling — from developing in animals with fast heartbeats. By increasing the heart’s recovery time, the omega-3s prevented abnormal rhythms from becoming established.Investigators in the Netherlands recently examined the relationship between children’s omega-3 status at birth, which depends on the mother’s omega-3 intake during pregnancy, and their motor development at age seven. Those with the highest levels of the omega-3 DHA (docosahexaenoic acid) at birth had significantly higher total motor scores than children born with less DHA.”This means that a mother’s consumption of seafood omega-3s during pregnancy is important for her child’s later motor development,” Nettleton said.Two other studies covered by the e-newsletters report improvement in mental disorders with dietary seafood omega-3s. Treating substance abuse patients with these omega-3s, mainly EPA (eicosapen-taenoic acid), for example, resulted in significantly lower scores for anxiety and anger. In adults diagnosed with neuroticism, researchers found the condition was related to low blood levels of EPA.Groundbreaking animal research suggests that human treatment with DHA within the first hour after a spinal cord injury could be effective in limiting the extent and spread of damage. Also included in the e-newsletters is a report of significantly reduced inflammation and corneal damage in dry eye syndrome with eye drops containing the plant omega-3, alpha-linolenic acid.The quarterly Fats of Life and PUFA Newsletter, sponsored by DSM Nutritional Products, are at and by complimentary subscription. Fats of Life

EPHRATA, Pa., March 28 /PRNewswire-USNewswire/ — It’s time to dust off that old baseball mitt and head out to the ballpark! The Pennsylvania Breast Cancer Coalition (PBCC) and the Pennsylvania Association of Community Bankers have joined together to bring a Homerun Derby event to each of the 11 Minor League Baseball Stadiums across the state. These events, all taking place throughout the month of July 2008, will not only raise funds for the PBCC but will raise awareness in communities throughout the state.Events will be held from 8 a.m. to 2 p.m. in each of the following stadiums throughout Pennsylvania: July 1 - York Revolution July 2 - State College Spikes July 8 - Reading Phillies July 10 - Washington Wildthings July 11 - Erie Seawolves July 14 - Williamsport Crosscutters July 15 - Harrisburg Senators July 18 - Allentown Iron Pigs July 20 - Altoona Curve July 22 - Scranton Yankees July 26 - Lancaster BarnstormersTeams of four may participate by making a donation of $1,000 to the PBCC. Each team receives hats, jerseys, commemorative baseballs, and a souvenir team photo. Prizes are awarded for most homeruns per team, most team and individual points, overall winners, and more. Team winners will be recognized before the game in the stadium that evening with possible “first pitch” opportunities!Opportunities to participate, volunteer, sponsor, and attend all 11 games are still available. For more details, or to sign-up please visit the Homerun Derby website at or contact PBCC Executive Director, Heather Hibshman, at 1-800-377-8828 x102 or .The PA Breast Cancer Coalition represents, supports and serves breast cancer survivors and their families in Pennsylvania through educational programming, legislative advocacy and unique outreach initiatives. The PBCC is a statewide non-profit organization dedicated to finding a cure now…so our daughters won’t have to(C). For more information, visit . Pennsylvania Breast Cancer Coalition

WEST CALDWELL, N.J., March 28 /PRNewswire-FirstCall/ — Merrimac Industries, Inc. , a leader in the design and manufacture of RF Microwave components, subsystem assemblies and micro-multifunction modules (MMFM(R)), today announced plans to release its fourth quarter and fiscal year 2007 financial results on Friday, March 28, 2008.Investors are invited to participate in the financial results conference call on Friday, March 28, 2008 at 4:15 p.m. (Eastern) by dialing 1-888-256-1007 (for International callers: 1-913-981-5552) ten minutes prior to the scheduled start time, and reference the Merrimac Industries fourth quarter 2007 conference call. For those unable to participate, a replay will be available for seven days by dialing 1-888-203-1112, or 1-719-457-0820 for international callers, passcode number 8461634.This conference call will also be broadcast live over the internet by logging on to the web at this address:If you are unable to participate during the live webcast, a link to the archived webcast will be posted on the Merrimac Industries, Inc. website .About MerrimacMerrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave signal processing components, subsystem assemblies, and Multi-Mix(R) micro-multifunction modules (MMFM(R)), for the worldwide Defense, Satellite Communications (Satcom), Commercial Wireless and Homeland Security market segments. Merrimac is focused on providing Total Integrated Packaging Solutions(R) with Multi-Mix(R) Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. Multi-Mix(R) MMFM(R) provides a patented and novel packaging technology that employs a platform modular architecture strategy that incorporates embedded semiconductor devices, MMICs, resistors, passive circuit elements and plated- through via holes to form a three-dimensional integrated module used in High Power, High Frequency and High Performance mission-critical applications. Merrimac Industries facilities are registered under ISO 9001:2000, an internationally developed set of quality criteria for manufacturing operations.Merrimac Industries, Inc. has facilities located in West Caldwell, NJ and San Jose, Costa Rica and has approximately 180 co-workers dedicated to the design and manufacture of signal processing components, gold plating of high- frequency microstrip and bonded stripline Teflon (PTFE) circuits and subsystems providing Total Integrated Packaging Solutions(R) for wireless applications. Merrimac (MRM) is listed on the American Stock Exchange. Multi- Mix(R), Multi-Mix PICO(R), MMFM(R), System In A Package(R), SIP(R) and Total Integrated Packaging Solutions(R) are registered trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, Inc. please visit our website . Contact: Mason N. Carter, Chairman & CEO 973-575-1300, ext. 1202Merrimac Industries, Inc.

BASKING RIDGE, N.J., March 28 /PRNewswire/ — Verizon Wireless and multi-platinum-selling, GRAMMY(R)-winning artist Keith Urban have joined forces for a 26-city, 28-concert tour dubbed “Love, Pain and the Whole Crazy Carnival Ride.” The tour kicks off Verizon Wireless’ partnership with Keith Urban and promises to extend the excitement of Urban’s incendiary live show beyond the concert stage using mobile technology in a variety of ways.Through May 3, 2008, Verizon Wireless customers can use Song ID, the music discovery tool on their V CAST-enabled phones, to identify the songs “Everybody” or “I Told You So” from Keith Urban and automatically enter to win a private Backyard BBQ and show with Keith in Nashville, Tenn. Five winners, along with nine of their closest friends, will be invited to Nashville for this exclusive event, hotel and airfare included. Keith Urban fans can visit the “Music and Tones” section of the Get It Now(R) virtual store on their Verizon Wireless phones to download the application. Once V CAST Song ID has been downloaded, customers can hold their mobile phones up to a speaker while playing one of the two Urban songs to identify the song. As soon as the song is identified, fans will automatically be entered into the contest. They will also have the opportunity to download the full Keith Urban song over-the-air, as well as the ringtone or ringback tone — all with a click of a button on their phone’s keypad.Verizon Wireless customers can enter for a chance to win on their own or participate at one of the demo stations live at Keith’s concerts. Fans can go to to play Keith Urban music videos and learn how to get and use V CAST Song ID. From this Web page they can also add these music videos to their Facebook(R) profile using the Facebook Platform and share them with their friends to encourage them to enter the contest. The winners will be selected on May 5, 2008, and the BBQ event will take place in Nashville this June. No purchase is necessary to be entered into the contest.”This is an exciting partnership that is able to deliver a dynamic and personal way for fans to enjoy the experience that is Keith Urban,” said Ed Ruth, director of digital music for Verizon. “The fun begins the minute fans download their favorite tunes using Verizon Wireless V CAST Song ID and will continue when winners and their friends gather for a BBQ they will never forget.”Verizon Wireless extends the Keith Urban experience before and after each show by delivering the following opportunities at each venue:The Keith Urban ExperienceTwenty guests at each show will have a chance to meet Keith Urban in person by downloading his music, ringtones or ringback tones. These lucky winners will enjoy a special session with Keith as he takes group photos, shows a behind-the-scenes video of the making of the tour, performs an acoustic song, and answers fans questions in person. It’s the ultimate backstage experience.Green ScreenAt select shows, fans have the opportunity to star in a performance video with Keith Urban’s image via a green screen. Fans can choose to appear as though they are performing “I Told You So” with Keith or be serenaded by his performance of “Everybody.” Video clips will be sent directly to fans via their mobile phones to share with their friends.Mobile TicketsVerizon Wireless customers in each of the tour cities who have downloaded any type of Keith Urban content from V CAST will be entered for a chance to win one of 20 pairs of tickets. These loyal customers and fans will receive a bar-coded ticket sent directly to their phones that is good for two premium seats to the hottest show in town.Urban’s “Love, Pain and the Whole Crazy Carnival Ride” tour is in support of his “Greatest Hits: 18 Kids” album, released in 2007, which features 16 of Urban’s smash hits with two new recordings. His previous album, “Love, Pain and the Whole Crazy Thing” made history when its first single, “Once in a Lifetime,” debuted at No. 17 on the Billboard Hot Country Song Chart, making it the highest debuting single in the chart’s 62-year history. Urban’s other hit albums include “Keith Urban,”"Golden Road” and “Be Here.” He won a GRAMMY for Best Male Country Vocal Performance in 2006 and has also won numerous Country Music Association, Academy of Country Music(R) and ARIA (Australia’s GRAMMY) awards.Fans can download Urban’s songs, including his latest single, “Everybody,” as ringback tones, true tones and full-song downloads both over-the-air and on their PCs via V CAST Music. Customers will be charged $1.99 per megabyte for data usage when downloading ringtones or ringback tones. However, megabyte pricing is not charged for downloading music, or text, picture and video messaging.For more information on mobile music from Verizon Wireless, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit .Remaining Keith Urban “Love, Pain and the Whole Crazy Carnival Ride” tour dates include: Date City Venue 4/09/08 Baltimore, Md. Baltimore Arena 4/10/08 Charlottesville, Va. John Paul Jones Arena 4/11/08 Charleston, W.Va. Charleston Civic Center 4/12/08 State College, Pa. Bryce Jordan Center 4/17/08 Charleston, S.C. North Charleston Coliseum 4/18/08 Charlotte, N.C. Bobcat Arena 4/19/08 Raleigh, N.C. RBC Center 4/22/08 Peoria, Ill. Peoria Civic Center 4/24/08 Gwinnett, Ga. Gwinnett Arena 4/25/08 Gwinnett, Ga. Gwinnett Arena 4/26/08 Lexington, Ky. Rupp Arena About Verizon WirelessVerizon Wireless operates the nation’s most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: . To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at .Facebook(R) is a registered trademark of Facebook Inc. Verizon Wireless

CALGARY, March 28 /PRNewswire-FirstCall/ — (TSX - PWT.UN; NYSE - PWE) Penn West Energy Trust (”Penn West”) announces that it has filed with Canadian securities regulatory authorities its audited consolidated financial statements and accompanying notes for the year ended December 31, 2007 and related Management’s Discussion and Analysis, as well as its Business Acquisition Report related to the Canetic acquisition completed in January 2008. Penn West has also filed its Annual Information Form for the year ended December 31, 2007, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators. Penn West has also filed its Annual Report on Form 40-F with the U.S. Securities and Exchange Commission.Copies of these documents may be obtained electronically via or , (for the Form 40-F) or through Penn West’s website at . Hard copies of Penn West’s audited Consolidated Financial Statements and related MD&A are also available upon request, free of charge, by contacting our Investor Relations group or by requesting them through our website.Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN, PWT.DB.A, PWT.DB.B, PWT.DB.C, PWT.DB.D, PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE. Penn West Energy Trust