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SoftSmiths to Relocate; company outgrows current headquarters.

Houston, TX. – June 20, 2003 – SoftSmiths today announced plans to relocate its corporate headquarters from 4605 Post Oak Place in Houston to 2401 Fountainview, also in Houston.

SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

The company will move its sales and marketing, customer service, technical support, product development and administration departments to the new facility.

"We are very excited and looking forward to moving to our new location," commented Nathaniel Sheik, CEO of SoftSmiths. "The new space offers us the ability to support our growth, expand our operations, accommodate an increasing workforce over time and contribute to SoftSmiths marketing efforts."

It is anticipated that the company will occupy the new headquarters, by late June, 2003.

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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