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End-to-End Transaction Management solutions from SoftSmiths deliver the business critical tools to Energy Companies

Allowing utilities to manage inter- and intra-market transactions through integrated solutions that connect with Regional Electricity Markets

Houston, TX. – September 9, 2003 – SoftSmiths announced that it has delivered a comprehensive suite of tools to manage complex business transactions in the wholesale energy market with its latest lineup of Energy Trading and Risk Management applications. The robust and seamlessly integrated functionality of e-Merchant, Market, e-LMP and Electronic Tagging Portal Suite streamline all processes from deal capture through scheduling and settlement to reporting. SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

Facing regulatory and economic challenges, the energy marketplace continues to adapt and evolve adding an additional layer of complexity and driving customers to evaluate their business and system functions to meet ever changing market requirements.

Through Real-Time, integrated solutions, supported by straight-through-processing, SoftSmiths helps customers meet these business challenges, resulting in scalable and adaptable solutions that are able the handle any scale of transaction volumes.

“SoftSmiths offers the industry’s most comprehensive Transaction Management system, helping companies to mitigate financial exposure, provide real-time visibility in their business, optimize their physical assets, and help institute controls to eliminate inefficiencies, inconsistencies and redundancies within their internal processes,” said Hugo Stappers, Director of Sales/Marketing at SoftSmiths.

The e-Merchant product suite is a collection of robust and easy-to-use interactive applications that deliver Load Serving Entities, Purchasing Selling Entities and Municipal Utilities 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.

SoftSmiths Markets enables market participants, through a single application solution, to connect and communicate transaction requests from its e-Merchant transaction management system, to any number of markets based on the standard market design model. Markets provides the functionality for Bidding, Scheduling, Dispatch, FTR tracking and Settlement activities between the market participant and Regional Transmission Organization.

NERC 1.7 Compliant Electronic Tagging
Fully integrated with e-Merchant, and allowing automatic creation of tags, the three components of the Electronic Tagging Portal Suite (ETPS) - e-Agent, e-Authority and e-Approval - enable load serving entities and transmission providers to create, verify, approve and manage energy delivery interchange transactions.

e-LMP provides market participants the ability to collect and monitor LMP values published by regional market operators, includes tools that facilitate trend analysis, and provides a detailed history of changes to LMP values made during the day-ahead, real-time, and settlement phases.

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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