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HayDay Farms Converts to Clean Fuel With ALT LNG

October 17, 2008

Applied LNG Technologies USA, LLC (“ALT”) announced an agreement to supply liquefied natural gas (LNG) to HayDay Farms(TM) for use in their new fleet of state-of-the-art LNG fueled trucks used in the distribution of their feed products and in port delivery for overseas shipping.

HayDay Farms is committed to the improvement of the environment and has replaced its fleet of diesel trucks with units that utilize clean-burning LNG fuel. The use of LNG will help to reduce harmful emissions of smog-forming NOx by more than 30 percent and Greenhouse Gas emissions by more than 20 percent.

While these clean-burning LNG trucks will significantly reduce the amount of harmful emissions emitted into the air, they will significantly reduce HayDay Farm’s distribution costs and allow their vehicles to run more efficiently and with less maintenance. With a significant cost advantage, fleet operators report a 30 percent or better operational cost savings when running LNG trucks in place of diesel units. HayDay Farms expects to see similar results.

HayDay Farms is a highly dependable supplier of quality feed products for foreign and domestic dairy and beef cattle and show and stock horses. With more than 12,000 acres of farmland and 40,000 tons of storage capacity, HayDay Farms grows, harvests, and stores its own product before distributing to Japan, Korea, Taiwan, and throughout the United States. Future expansion is slated for China and Europe.

“Our success is due in part to selecting the right partners and we believe ALT will play an integral role as we continue to convert our operations to environmentally responsible methods,” said Lyndon Ichida, President of HayDay Farms. “Given the amount of transport our company manages, it is important to HayDay Farms to put systems in place that help protect the environment and that help to improve our own financial bottom line.”

“HayDay farms represents the next generation of LNG fleet operators,” said Kevin Markey, President of ALT. “They converted their fleet voluntarily to take advantage of the significant cost savings of LNG over diesel — while at the same time assisting in reducing our dependence on foreign oil and reducing greenhouse emissions.”

About ALT

ALT’s production facility located in Topock, Arizona is wholly owned by Arizona LNG, LLC, sister company to ALT, and is a subsidiary of PNG Ventures, Inc. (OTCBB: PNGX). The Company produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company’s web site is www.altlng.com.

About HayDay Farms

HayDay Farms is a vertically integrated agricultural system. The company owns and operates its own farms, processing plant, storage facilities and delivery system, enabling it to control all aspects of farming and exporting and ensuring consistent quality.

Forward-Looking Statements Disclosure

This press release may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates,”"believes,”"estimates,”"expects,”"intends,”"plans,”"seeks,”"will,” and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the “safe harbor” provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company’s anticipated results, projections, or other expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.




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