Head of Paradigm™ Latin America Operations Relocates to Venezuela

Vice President Pablo Pascual to lead Paradigm’s Latin America oil and gas exploration operations from Caracas office

Amsterdam, Netherlands – Oct. 23, 2007 – Paradigm™ ( www.pdgm.com ), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Pablo Pascual, vice president of its Latin America operations, has relocated from Rio de Janeiro, Brazil to Caracas, Venezuela earlier this month.

“Venezuela has the biggest reserves in the western hemisphere and is one of our fastest growing markets,” said John W. Gibson, Jr., president and chief executive officer of Paradigm. “Its strategic geographic location between our other big growth markets, Mexico and Brazil, makes Venezuela a logical focal point for our Latin America operations.”

“By strengthening our presence in this key region, we’re enhancing our ability to respond to the needs of exploration and production companies throughout Latin America,” added Jorge Machniza, Paradigm’s chief operating officer. “Under Sr. Pascual’s leadership, Paradigm’s impact in the region will become even more significant.” For media information, contact Katie Hendrick by phone at +1 919 945 0569, or by email at katie@koroberi.com.

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. 

Koroberi, Inc.
Katie Hendrick
1506 E. Franklin Street, Suite 300
Chapel Hill, NC 27514
Katie@Koroberi.com