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SoftSmiths  Adds Natural Gas to SoftSmiths Exchange Auction Market

Houston, TX. – April 24, 2006 – SoftSmiths, Inc., a leading energy software solutions and services company, announced today that it has extended the energy commodity support of its SoftSmiths Exchange Auction Market with Natural Gas. SoftSmiths Exchange Auction Market is an electronic, real-time, interactive marketplace for auction-based transaction processing, enabling buyers and sellers to post customized auctions to ‘bidders’ who compete anonymously. 

SoftSmiths' recently announced SoftSmiths Exchange product suite, which provides the electronic trading system (ETS) applications that help companies who operate exchanges, brokerage firms, and financial institutions with private trading networks, with the required technology to add new services, increase volumes and reduce overall transaction cost.

In addition, SoftSmiths Exchange serves the major natural gas buyers, such as public utilities and large industrials, by streamlining their energy procurement, replacing manual trading and trade recording processes, and creating a competitive bidding environment.

"We are very excited with releasing the support of Natural Gas to the Auction Market application and the continued additions to the SoftSmiths Exchange product suite”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths".

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

SoftSmiths is a registered trademark of SoftSmiths, Inc.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186

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