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Mega Energy Chooses SoftSmiths

Houston, TX. – May 6, 2009 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Mega Energy, a retail electric provider (REP) serving residential and business customers in the State of Texas, went live with SoftSmiths on-demand Software-as-a-Services (SaaS) forecasting application, SoftSmiths ERCOT Forecaster.

The service enables REPs to automatically download and present ERCOT Forecast and Backcast information in user-ready format and immediately calculates Forecast values for short and longer horizons. Users can compare Forecast and Backcast data with settlement level load extracts and view this in tabular and graphical format. SoftSmiths ERCOT Forecaster allows users to set up ‘What If’ scenarios based on different customer profile counts and export data into Microsoft Excel for additional analysis.

Streamlining the forecast process with SoftSmiths ERCOT Forecaster will reduce the time spent on data gathering, analysis and administration, thereby improving efficiency and accuracy.

“The value proposition is very clear the moment the ERCOT electric provider sees what SoftSmiths ERCOT Forecaster can do for them,” said Hugo Stappers, Director of Sales and Marketing at SoftSmiths. “This is an affordable and easy-to-use service providing energy forecasters the information they need at their finger-tips in an automated fashion”.

SoftSmiths ERCOT Forecaster can be accessed through Internet Explorer browser. No other software or hardware needed.

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. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

Softsmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186


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