"Now or Never" is the title of the first studio CD release by Perpetual Dream Theory. Recorded over a two year period in Vancouver, British Columbia, Canada, it was finally completed in September of 2002. Although it is not (currently) available in major record stores, it can be purchased at small stores in Vancouver like Zulu Records which support indie artists. You can also buy it from the band's web site or by mailing the band directly.

The album begins with a short ambient track that leads into the title track "Now or Never", which starts off slowly and quietly but leads to an impressive ending. From there it winds its way from melancholy piano and vocal songs, through classic folk/rock, with a hint of modern alt-pop. To end it all, after the heavy rock ending of Spark, it drifts into another ambient track to bring you back down gently. Throughout it all, Eryn's vocals leave you reminiscent of singers like Joni Mitchell, Natalie Merchant, and Tori Amos.

Along with PDT's regular lineup, guest musicians include Ben Lunderville, Troy Turner, and Leah Abramson. The cover art is a painting by Nicole Ottenbreit. Total running time is approximately seventy minutes.

Track listing:
1. Breathe (In)
2. Now Or Never
3. Angels of Search and Rescue
4. My Shame
5. Imaginary Places
6. Sometimes I
7. Half of Me
8. Breathe
9. Pandora's Box
10. Setting Sun
11. It's Raining Now
12. Invincible
13. Spark
14. Breathe (Out)

Lyrics to "Now or Never" (the song, not the album}:
now or never

if it feels as though 
the world is standing still
it could be a dream 
or the projection of my will 

in the stillness i become
as a witness to our love 

love like fading photographs
captured and framed
if it all comes racing back
will it feel the same? 

i could never deny
what i could never describe 

well it's a lot like dying
i hear it's a lot like dying 

if you give me time
to think it over
it won't change a thing
at all 

so tell me that it's not over
and show me how 

it's now or never

- written by Eryn Holbrook, 1999
- appears on the album Now or Never, Perpetual Dream Theory, 2002