Paradigm and Techsia Settle Copyright Infringement and Unfair Competition Lawsuit

20 August 2006

Paradigm, a leading software and strategic consulting provider to the global oil and natural gas exploration and production industry, and Techsia announce the settlement of their copyright infringement and unfair competition suit.

Paradigm had sued Techsia in federal court in Houston, Texas and alleged that Techsia had copied unspecified code from Paradigm's Geolog(R) product that it bought from Paradigm. Techsia and Paradigm announce that they have settled the case.

Paradigm expresses its satisfaction with the settlement that reflects Paradigm's commitment to protecting its innovative technical solutions to the oil and gas industry.

About Paradigm

Paradigm(TM) offers digital subsurface models of oil and natural gas reservoirs to identify prospects for oil and gas wells and optimize reservoir fluid and natural gas extraction by integrating geological, geophysical, and petrophysical data. Paradigm software solutions include Seismic Data Processing and Imaging, Prospect Visualization and Interpretation, Reservoir Characterization, Well Planning, and Drilling. You can learn more about Paradigm software and strategic consulting offerings by visiting their website at http://www.paradigmgeo.com .

The following are trademarks or registered trademarks of Paradigm Geotechnology B.V. or any of its affiliates (collectively, "Paradigm"): Paradigm(TM), Paradigm logo, Geolog and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.

Forward-Looking Statements:

Certain statements in this press release may constitute forward-looking statements. These statements are made on the basis of the views and assumptions of the management of Paradigm regarding future events and business performance as of the time the statements are made and they do not undertake any obligation to update these statements. Actual results may differ materially from those expressed or implied. Such differences may result from legal or regulatory proceedings or other factors that affect the timing or ability to complete the transactions contemplated herein, actions taken by either of the companies, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the companies' control.

Paradigm Media Contact

Susan Allen Farrell

Tel: +1 832-567-3747

sfarrell@paradigmgeo.com

Source: prnewswire

All trademarks and copyrighted information contained herein are the property of their respective owners.