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Grant County PUD Licenses SoftSmiths' e-Merchant Product Suite

Houston, TX. – June 17, 2003 – Today, SoftSmiths announced that Public Utility District No. 2 of Grant County, has licensed SoftSmiths' e-Merchant product suite for its Transactional Energy Scheduling System. The Grant County Public Utility District, located in Central Washington, is a municipal corporation of the state of Washington. The District is a major generating utility and Control Area Operator in the Mid-Columbia region. Electricity is sold on a nonprofit retail basis to Grant County residents and wholesale to utilities serving customers in seven Western and Northwestern states. SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

"Grant County recognized the need to replace its current combination of ad-hoc Excel spreadsheets and loosely integrated Access databases, by deploying a comprehensive scheduling system that provides seamless integration from origination through settlement, automating manual processes and eliminating redundant data entry", said Frank Tempel, Systems Control Manager at Grant County Public Utility District. "With SoftSmiths' e-Merchant applications we will be able to achieve these important business objectives."

The e-Merchant product suite allows Load Serving Entities, Generation Production Entities, Purchasing Selling Entities and Municipal Utilities to meet the increasingly demanding and complex requirements of their front office real-time scheduling activities. By delivering the core capabilities to electronically create, process and manage transactions, e-Merchant seamlessly integrates forecasting, trading, portfolio assessment, resource management, scheduling, electronic tagging, risk management, accounting and reporting to eliminate data errors, reduces settlement time and optimizes our customers' positions.

Added Frank Tempel, "SoftSmiths will deliver an off-the-shelf total solution with an unmatched level of flexibility to meet our unique requirements. It will be easy to use and provide the capability for tight integration with our EMS system".

About SoftSmiths

SoftSmiths is a leading provider of proven business critical Transaction Management Systems and services for Load Serving Entities, Generation Production Entities, Purchasing Selling Entities, and Transmission Providers who operate in physical markets to sell, purchase, trade, and deliver energy in the most efficient and cost- effective way. SoftSmiths’ seamlessly integrated, scalable, and adaptable solutions provide ready-to-deploy, out-of-the-box functionality that is highly configurable and customizable to meet companies' unique needs. 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
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com



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