Sixteen New Alternative Energy Stocks Added to Ardour Global Index in Semi- Annual Reconstitution

Five new components from Asia

Tuesday, June 13, 2006

NEW YORK, June 13 -- The Ardour Global Index (TICKER: AGIGL) to add 16 new components. The additions result from the indexes' semi-annual reconstitution. All changes will be effective as of the open of trade on 6/19/2006 and a complete list of constituents and weightings will be posted on the Ardour web site.

The Ardour Global Index is a capitalization-weighted, float adjusted index of 88 of the most prominent alternative energy stocks in the world. The index added five new components from the Asia/Pacific region. According to Walter Nasdeo, Consulting Analyst for Ardour Global Indexes, "Many Asian countries are rapidly developing alternative energy initiatives and we are beginning to see some important companies emerge." Nasdeo expects more Asian components to be added in the future

Nearly 200 "pure play" alternative energy companies from around the world were screened against multiple criteria for inclusion in the index. To be included in the index stocks must pass screens for capitalization, float, exchange listing, share price and turnover. Noted Nasdeo, we were able to add 16 new constituents this period and we expect to be able to add quite a few more going forward as the industry continues to grow and develop.

The AGI North America Index (TICKER: AGINA) expanded by 7 components to 50, while the AGI Europe Index (TICKER: AGIEM) added 4 components, growing to 29. With its five new additions the Asia/Pacific group now stands at nine constituents.

New Components:

Name Region/Sector    Ticker
VERBUND - OEST ELEKTRIZITAETSWIRTS AG
(OESTERREICHISCHE ELEKTRIZITAETSWIRTSCHAFTS AG)
EMEA/AES VER AV
PLAMBECK NEUE ENERGIEN AG EMEA/AES PNE3 GR
THEOLIA SA EMEA/AES MLTEO FP
CENTROSOLAR AG EMEA/AES C3O GR
O2DIESEL CORP NA/ENV OTD
METRETEK TECHNOLOGIES INC NA/EE MEK
COLOR KINETICS INC NA/EE CLRK
MECHANICAL TECHNOLOGY INC NA/DG MKTY
PURE CYCLE CORP NA/ENV PCYO
CARMANAH TECHNOLOGIES CORP NA/EE CMH CN
WFI INDUSTRIES LTD NA/AES WFI CN
TOPCO SCIENTIFIC CO LTD AP/ET 5434 TT
TOPCO SCIENTIFIC CO LTD AP/ET 5434 TT
KURITA WATER INDUSTRIES LTD AP/ENV 6370 JP
SUZLON ENERGY LTD AP/AES NSUEL IN
DONGFANG ELECTRICAL MACHINERY CO LTD AP/AES 600875 CH
GP BATTERIES INTL LTD AP/ET GP SP

Region Key:

  • EMEA = EUROPE, MIDDLE EAST, AFRICA
  • NA = NORTH AMERICA
  • AP = ASIA PACIFIC

Sector Key:

  • AES = ALTERNATIVE ENERGY SOLUTIONS
  • DG = DISTRIBUTED GENERATION
  • ENV = ENVIRONMENTAL TECHNOLOGIES
  • EE = ENERGY EFFICIENCY
  • ET = ENABLING TECHNOLOGIES

Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at http://www.ardourglobalindexes.com.

Index Ticker
Ardour Global Index AGIGL
Ardour Global Index Extra Liquid AGIXL
AGI North America AGINA
AGI North America Extra Liquid AGINAXL
AGI Europe AGIEM
AGI Europe Extra Liquid AGIEMXL

Index Info:

Walter Nasdeo

Ardour Capital Investments, LLC

212-375-2958