Monday 29 September 2008 - A PRESS RELEASE FROM:

PARRY PEOPLE MOVERS Ltd www.parrypeoplemovers.com

HARD LANDING : NEW THINKING

PPML’s Chairman reviews changes to the company’s prospects in the aftermath of the global financial correction of September 2008. UK seen in direct path of shockwaves from international banking calamity which appears bound to work through into publicly-funded transport programmes.

Anticipating that the level of financial service activity will shrink as a result of the ‘pyramid’ of complicated deals in property finance falling apart, it looks as if the UK’s increasing dependence on ‘invisible exports’ has been misjudged. Should the extent of the international trade imbalance result in worsening terms of trade for the economy, the country faces difficult times. Such could be the impact on tax revenues and therefore on government spending plans, that these will change and there will be casualties.

Considering the transport sector and the public funding of capital projects, increased attention will be given to those which reduce dependence on imports and petroleum products. So, bearing in mind that money will be short, PPML’s chairman, John Parry, considers that priority must be given to measures which are cheap and quick to implement and which bring about ‘mode switch’ from private car to public transport, especially rail.

Any analysis of the situation with Britain’s suburban rail services, effectively at full stretch while economic imperatives call for additional capacity to reduce the ravenous consumption of petroleum products caused by traffic congestion, will call for growth in provision of suburban railways.

A new paper, prepared during the period of banking crisis, sets out a proposition based upon technology change which will make the operation of (mainly new) suburban railways considerably more affordable, and quicker to bring about. Download a copy of the paper here

In summary, the positive implications for Parry People Movers Ltd are:

1. Quicker results can be achieved because PPML can introduce rail services on currently unused lines.
2. PPML vehicles have lower capital costs than those of competitors.
3. Better energy efficiency and low cost components deliver very competitive operating costs.

John Parry MBE
CHAIRMAN

Notes to Editors:

PARRY PEOPLE MOVERS Ltd

Parry People Movers Ltd (PPML) was founded in 1991 to develop rail transport based on a new innovation: the flywheel energy store, which allows vehicles to run extremely efficiently and to recapture their braking energy for reuse when accelerating.  The company's shares are listed on the PLUS Market (Ticker code: PPM).

PPML's rail vehicles offer the quality of modern light rail transport without the need for electrical power supply, giving excellent environmental performance and energy efficiency at lower costs than conventional technology.  PPML technology can be used equally on railways and on urban tramways.  PPML's vehicles are fully compliant with accessibility regulations.  The technology used in PPML's vehicles is licensed to the Company by JPM Parry & Associates Limited, a West Midlands engineering firm specialising in overseas development, innovative transport and energy/environmental issues.

Contact: Parry People Movers Limited, Overend Road, Cradley Heath, West Midlands, B64 7DD
Telephone: +44 (0)1384 569553 ,Fax: +44 (0)1384 637753
E-mail: info@parrypeoplemovers.com, Website: www.parrypeoplemovers.com