PannErgy Plc. geothermal energy company takes part in European Midcap Event in Frankfurt - March 2nd & 3rd

2/24/2009, 10:00 AM (Source: GlobeNewswire)
Frankfurt, February 23rd, 2008 - PannErgy (Budapest Stock Exchange -
Code ISIN: HU0000089867 - PANNERGY), a geothermal renewable energy
company focused on the development of the unique geothermal
potentials of Hungary and the Carpathian Basin for heating and
electricity generation purposes, will take part in the MidCap Event,
a forum dedicated to meetings between institutional investors and
listed companies on March 2nd and 3rd in Frankfurt.

Mr. Denes Gyimothy CEO, will meet institutional investors during
one-on-one discussions to explain the company's strategy how to be
leading geothermal company in CEE.

About PannErgy
PannErgy is a listed company who - in partnership with one of the
worlds leading geothermal engineering company, the Icelandic Mannvit
- in the last three years explored the Carpathian Basins geothermal
potential gaining a unique knowledge on the underground reservoirs.
PannErgy and Mannvit used all of the proven technologies to assign
the most promising geothermal areas.
PannErgy contracted almost 30 towns in Hungary and have discussion
with several others for supplying the local district heating systems
with the geothermal heat.
The geothermal fluid is pumped up from the depth of between 1,300 and
3,500 meters. By the reinjection this fluid to the same reservoir,
PannErgy will be able to provide one of the most environment friendly
renewable green energy.
The geothermal energy is a sustainable energy resource, which
mitigate Europe's dependency on the gas.

Disclaimer
This communication expressly or implicitly contains certain
forward-looking statements concerning PannErgy Plc. and its business.
Such statements involve certain known and unknown risks,
uncertainties and other factors, which could cause the actual
results, financial condition, performance or achievements of PannErgy
Plc. to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking
statements. PannErgy Plc. is providing this communication as of this
date and does not undertake to update any forward-looking statements
contained herein as a result of new information, future events or
otherwise.

For a discussion of risks and uncertainties which could cause actual
results, financial condition, performance or achievements of PannErgy
Plc. to differ from those contained in the forward-looking statements
please contact PannErgy Plc.

For press release and other company information, visit
www.pannergy.com. PannErgy Plc.

Mr. Denes Gyimothy, CEO

denes.gyimothy@amoutsourcing.sk

Fax: +36 1 3232373


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