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Algoma Steel Inc. Chooses Planalytics GasBuyer to Manage Natural Gas Price Risk

Posted on: Thursday, 5 October 2006, 12:00 CDT

WAYNE, Pa., Oct. 5 /PRNewswire/ -- Planalytics, Inc. announced today that Algoma Steel Inc. has licensed Planalytics(R) GasBuyer(SM), a natural gas hedging and risk analysis platform. Algoma Steel will use the GasBuyer to identify opportunities to purchase its natural gas at lower prices.

The GasBuyer combines live NYMEX data with Planalytics' advanced price analysis models and predictive technologies to evaluate market conditions and determine if natural gas is undervalued or overvalued. The GasBuyer makes this determination, up to a year in advance, by projecting how price movements will be influenced by fundamental factors (demand, inventory levels, etc.), technical analysis (support and resistance levels, etc.), trading dynamics (open interest, spread positions, etc.) and future weather conditions. Based on this comprehensive market view, the GasBuyer suggests when hedging actions should be taken because prices are low or when hedging actions should be avoided because prices are too high.

The GasBuyer helps companies cope with the extreme volatility of the natural gas market and make hedging decisions that proactively manage costs and price risk. Planalytics does not buy or sell gas and, as a result, offers independent and unbiased guidance that can easily be incorporated into existing hedging and risk management programs. Companies can customize the GasBuyer by choosing specific hedging approaches, decision-making time intervals and buying rules. The GasBuyer can be used for any volume of gas and supports both physical and financial transactions, including forward buys, strips, futures, options, swaps, etc.

About Algoma Steel Inc.

Algoma Steel Inc. is an integrated steel producer based in Sault Ste. Marie, Ontario. Revenues are derived primarily from the manufacture and sale of rolled steel products including hot and cold rolled steel and plate.

About Planalytics, Inc.

Planalytics, Inc. is the singular global source of Business Weather Intelligence(SM) - the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather's financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics' Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit http://www.planalytics.com/.

Planalytics, Inc.

CONTACT: David Frieberg, Marketing Director of Planalytics, Inc.,+1-610-407-2905, or dfrieberg@planalytics.com

Web site: http://www.planalytics.com/

Source: PRNewswire

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