Applied LNG Technology (ALT) markets and produces liquefied natural gas (LNG) to the western and southwestern United States from multiple facilities, including Topock, Arizona at which they produce over 2 millions gallons of vehicle-grade LNG monthly.

ALT also provides LNG and CNG product and delivery systems, and executes turnkey fuel solutions that include equipment leasing, station installations, safety and training, natural gas production, low BTU gas processing, temporary fueling stations, and LNG and CNG consulting services.

ALT’s customer base includes various refuse companies, major ports, large municipal fleets, and other commercial trucking fleets. ALT is focused on meeting the growing demand for alternative fuels in the domestic market from possible feedstock sources including landfill gases or methane sources from agricultural biomass facilities. ALT is wholly owned by PNG Ventures, Inc. (OTCBB: PNGX).

On September 10, 2009,  PNG Ventures, Inc. and its subsidiaries, including Applied LNG Technologies (ALT), initiated a financial restructuring  process under Chapter 11 of the United States Bankruptcy Code which is intended to dramatically improve its balance sheet and strengthen its capital structure. Throughout the reorganization, ALT will continue to conduct business as usual.

“Restructuring and recapitalizing our balance sheet is a critical step in positioning the Company to take advantage of the tremendous growth opportunities in the alternative fuels market.  The restructuring process  will allow us to secure long-term relief from some of the debilitating legacy debt and operational impediments we inherited when the Company acquired its baseline LNG operations from Earth Biofuels in June 2008 and maintain our leadership position in providing innovative natural gas based fueling solutions to our customers. We will emerge from this process with substantially less debt and a dramatically improved capital structure which, in turn, will position us to be a stronger competitor and further support our long-term objective of becoming  a premier  provider of cleaner burning fuels for the domestic and international markets.” Cem Hacioglu, President & CEO.

For continued Chapter 11 case information, please visit Logan & Company’s website:  and select “PNG Ventures, Inc.”