(SAN FRANCISCO, California: September 19, 2007) Paradigm (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production industry, announced its onstage participation at the Intel Developer Forum Conference in San Francisco, California. Intel’s annual developers’ conference provides a forum for leading companies to demonstrate their most current technologies using Intel’s latest product portfolio.

Paradigm software tools are used to guide E&P firms in all aspects of location, assessment and drilling, and their use has resulted in restatements and reassessments of reservoir status. “The energy business is now a data business. The energy segment of the HPC computing market has lacked a relevant application benchmark up to now,” said Intel’s Patrick Gelsinger, Senior Vice President, and General Manager, Digital Enterprise Group“Paradigm’s Benchmark first fills this gap, and will help IT departments to more accurately size the computing resources they need to gain a competitive advantage.”

Subsurface Imaging and Visualization Application Featured
Paradigm featured its latest high-performance computing and visualization applications for creating and interpreting subsurface images that make use of seismic data. These images assist oil company geoscientists in determining the locations of trapped hydrocarbons and in assessing their economic potential. High performance computing and visualization enabled by Intel’s technology is critical for creating and analyzing these images with accuracies and project time frames that minimize drilling costs and improve drilling safety.

Paradigm and Intel used the forum to demonstrate the benefits of collaboration in the deployment of a new high performance computing application referred to as the Common Reflection Angle Migration. The Common Reflection Angle Migration (CRAM) has the capacity to generate more informative and accurate images of the reservoir taking advantage of Intel’s core microarchitecture, new bus architectures, math kernel libraries, and software tools. Images created from the CRAM were visualized on-stage with Paradigm’s “3D Canvas” application and Intel’s next generation workstation platform.

Benefits of Collaboration
Advances in subsurface imaging and visualization software solutions in the oil and gas industry have more impact when they are introduced with complementary advances in high performance computing and visualization. Duane Dopkin, Senior Vice President of Technology at Paradigm said “We are tremendously pleased with the performance of our new imaging solution on Intel’s current and next generation platforms. Oil companies and service providers will be able to immediately take advantage of the technology in their exploration and development programs” 

Andrew Stein, Paradigm’s Executive Vice President and Chief Marketing Officer,added “The collaboration with Intel has resulted in technology improvements that have made a substantive difference in the way geoscientists can deploy, interact and maximize the use of advanced software solutions for the oil industry. Ultimately, the oil economy at large will benefit from our collaboration with Intel”.

About Paradigm™
Paradigm Geophysical Corp. (www.pdgm.com) helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm’s technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm’s website at www.pdgm.com.

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

Forward-Looking Statements
Some of the statements in this press release may constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of our control.

Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. Paradigm does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For information on Intel and its products, see www.intel.com