NEWS RELEASE

November 2, 2008

Acorn International LLC is pleased to announce a number of new contracts awarded in the third quarter of 2008.  These include contracts with major international oil and gas companies to:

• Coordinate the Environmental, Social and Health Impact Assessment (ESHIA) Process for an oil and gas exploration project offshore Angola
• Evaluate the Environmental and Social Lending Covenants and Procedures of Financial Institutions for a Major Oil and Gas Development in Kazakhstan
• Conduct an Environmental and Social Impact Assessment (ESIA) and facilitate the local permitting process for a seismic survey onshore Colombia near indigenous community reserves
• Conduct an environmental audit of existing oil fields in the Santa Maria Basin in California
• Conduct a Health, Safety, Environment and Community screening for oil and gas exploration program offshore India

Acorn International, LLC is a professional consulting services company dedicated to delivering world-class, affordable EHSS assurance and straight-forward results for overseas development projects.  The company operates not through a traditional consulting services model but by providing structured tools and guidance to qualified host-country teams, maintaining a link with international clients and building capacity in the host-country team. Acorn delivers:

1.       Established teams of local country experts partnered with and directed by an expert in assuring world-class EHSS assessment and management performance standards are met

2.       Advice to international industry needing to build world-class EHSS programs

3.       Recruitment and oversight/management of partners and service providers (EHSS and other) overseas

Working with Acorn allows international industries to better manage the increasingly delicate balance between meeting corporate requirements for reliable, simplified service while satisfying host-country demands for maximum local content.