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SoftSmiths to Supply Colorado Springs Utilities with its e-Merchant Product Suite

Houston, TX. – June 19, 2003 – Today, SoftSmiths announced that Colorado Springs Utilities has licensed SoftSmiths' e-Merchant product suite for its Energy Transaction and Accounting System. Colorado Springs Utilities is a community-owned utility that provides reliable natural gas, electricity, water and wastewater services to customers in the Pikes Peak region. SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

Colorado Springs Utilities (CSU) is involved in the increasingly complex energy commodity markets and required a fully and seamlessly integrated scheduling and accounting system covering commodity, transmission, transportation, and ancillary services for both physical and financial transactions as well as the associated accounting and settlement functions that will facilitate optimization of resources and participation in the energy commodity markets.

"To enable us to track and report on trades and related activities, we required a system that would allow commonality across business functions and amongst different commodities", said Janet Feltz, Bulk Power Superintendent at CSU. "SoftSmiths e-Merchant will provide all that and in addition gives us a platform that offers the flexibility and adaptability to face the on-going changes in the energy market place".

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 optimize our customers' positions.

"The complex energy market requires state-of-the-art business technology solutions, particularly in a time when the market continues to adapt and evolve, adding an additional layer of complexity to customers' focus on reliability and customer service," said Hugo Stappers, Director of Sales/Marketing at SoftSmiths. "We are delighted to help CSU by providing the solutions that help increase reliability, provide real-time visibility into their business and optimize their physical assets through controls that eliminate inefficiencies."

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

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