PRESS RELEASE

Global Change Associates on the Move


Contact: Peter Fusaro 212-758-5655
                [email protected]


New York, NY (For immediate release)-Global Change Associates, a leading edge energy and environmental consultancy, has been on an expansion drive this past summer. Besides establishing a Philadelphia office and hiring business development professional Virginia Hart to lead the marketing and sales effort, GCA has established a Houston office with new Principal, Stephen Traicoff to lead the effort in the US energy capital. Steve was formerly with Enron and Lyondell Petrochemical and is an expert in structured finance and evaluating new technologies.

Another new Principal to join the firm is Dr. Antoine Eustache. Dr. Eustache is a graduate of the University of Pennsylvania and a published author. Antoine was the renown Global Index editor at Dow Jones, developing the first electricity trading indexes in the US and Europe.

Mr. Traicoff and Dr. Eustache will head up several new product offerings by GCA. Environmental Financial Indexes - Quantities Analysis for Gas and Power - Mark-to-Market Portfolio Audits - Evaluation of Environmental Credits for Project Finance.

Also established this summer is GCA's new training division, "Energy and Environment College". Focused on energy markets and environmental risk management, the first course offered on 9/24 "Status of Energy Markets Post Enron" is presented by founding Principal, Mr. Peter Fusaro who has long been recognized as one of the country's most forward thinking experts on energy markets. His recent book "What Went Wrong at Enron" is #8 on the NY Times best seller list and available on the first energy trading bookstore website (www.energymediagroup.com). Launched this summer by GCA, the bookstore stocks many energy trading books, reports and CD roms.

For more information about the new GCA, please visit our website at www.global-change.com or contact Virginia Hart at [email protected].

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