FOR IMMEDIATE RELEASE:

January 8, 2007

CONTACT:
Michael Gioffre
Vice President of Sales & Marketing
Paraco Gas Corporation
914-250-3770
http://www.paracogas.com

Rye Brook, NY, November 2006 – Paraco Gas Corporation, one of the largest independent propane retailers in the Northeast, is pleased to announce that it has moved its corporate office to 800 Westchester Avenue in Rye Brook, New York. Formerly the headquarters for General Foods and later Philip Morris (Altria), 800 Westchester Avenue is one of the premier properties in Westchester County.

Features a main building comprised of 470,000 square feet, as well as a smaller office building of approximately 62,000 square feet, 800 Westchester Avenue is among the largest and most recognizable commercial landmarks in Westchester County.

Paraco hosted the Grand Opening of its new office space on November 28, 2006 with over 150 people in attendance, including prominent community and industry leaders. Joe Armentano, CEO of Paraco Gas, spoke to the group about the company’s future strategic plan and growth opportunities through acquisitions.

About Paraco Gas – Paraco Gas is a family owned and operated business with a long tradition of excellent service and community commitment. With over 65,000 customers throughout New York, Connecticut, Pennsylvania and Vermont, Paraco is large enough to provide the best value in products and services, yet small enough to treat each customer personally. In business since 1968, Paraco continues to expand. Paraco currently employs approximately 250 people in 19 locations throughout Pennsylvania, New York and Connecticut.

Paraco continues to grow through acquisitions and strategic partnerships in the Northeast. The company is currently looking for expansion opportunities.

Additional information about Paraco can be accessed at http://www.paracogas.com or by calling Michael Gioffre, Vice President of Sales & Marketing, at 914-250-3770.