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SoftSmiths delivers advanced Energy Transaction and Accounting System to Colorado Springs Utilities

Houston, TX. – August 18, 2003 – SoftSmiths, Inc. announced today that it has delivered its e-Merchant’s core system, a real-time Energy Transaction Management system, to Colorado Springs Utilities (CSU), a community-owned utility that provides reliable natural gas, electricity, water and wastewater services to customers in the Pikes Peak region. CSU selected SoftSmiths e-Merchant Product Suite to implement a state-of-the-art Energy Transaction and Accounting system needed to track and report on multi-commodity trades, and related activities while offering the flexibility and adaptability to face the on-going changes in the market place.

“e-Merchant helps Load Serving Entities, like CSU, to better manage and utilize electric/gas/fuel commodities and resources all the way from planning and scheduling through after the fact accounting and bill paying”, said Hugo Stappers, Director of Sales/Marketing at SoftSmiths.

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 customer’s positions.

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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