Needham, MA — 15 December 2008 — Yet2.com, the global technology transfer marketplace, announced today that it provided consulting services and business development services that brought Electo-Petroleum (EPI, www.electropetroleum.com) a critical customer and ultimately led to EPI securing significant venture funding.

Electro-Petroleum’s unique technology enables low-cost recovery of stranded oil reserves — those too heavy or that lie too deep — by applying electrical current to hydrocarbons in the ground. The Company focuses on the recovery of heavy oils, which are too viscous for extraction by conventional pumping techniques. The Company’s technology is much friendlier to the environment than alternative heavy oil extraction techniques (such as steam injection, which requires massive amounts of water and power).

“yet2.com has played a pivotal role in the growth of our company, from helping us secure funding to helping us land a strategic customer for a pilot test. They have a unique and valuable network of contacts that greatly enhances our reach. They have been terrific business partners,” said Phil Bell, CEO of Electro-Petroleum.

“EPI has been exciting to work with,” said Ben duPont, President of yet2.com. “Their game-changing technology has the ability to greatly increase the amount of recoverable oil reserves and dramatically reduce the environmental impact of producing those reserves.”

Yet2.com, with its Canadian partner Drayton Weissenfels Inc., found an excellent pilot customer for Electro-Petroleum’s technology — a 3,000-acre oil field in Canada owned by Deloro (www.Deloro.ca). Electro-Petroleum is installing its environmentally friendly oil recovery technology in Deloro’s Wilki field.

“Two main issues with the Canadian oil sands are water consumption and GHG’s,” said Dwayne Matthews, President of Drayton Weissenfels Inc. “EPI’s technology can in many cases eliminate water consumption completely and will produce no greenhouse gas emissions on the site. We are pleased to help introduce a technology that will play such a vital role to Canada’s resource management.”

About yet2.com

yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 120,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs. In addition to its core team, yet2.com has created a wide network of technology transfer partners covering many of the technology-rich countries around the world as well as relationships with technology transfer organizations, technical expert networks, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and the EU. For more information, visit www.yet2.com or contact Tim Bernstein 1-781-972-0600.