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SoftSmiths adds a powerful calculation tool to its e-Merchant product suite

Houston, TX. – November 27, 2001 – Today, SoftSmiths announced the availability of a new Calculation application for its e-Merchant product suite, enhancing real time business analysis. SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

e-Calc is a powerful calculation tool that is designed to support evaluation of strategic positions. As part of the e-Merchant product suite, e-Calc is the only tool available on the market that enables risk managers, traders, schedulers and dispatchers to define and customize highly specialized calculations of complex relationships between scheduled and actual (metered) trading, scheduling, generation, and load data. All calculations run in real time and provide continuous feedback, enabling users to manage risk and optimize usage of assets in a highly dynamic competitive environment.

e-Merchant is a toolbox for Purchasing/Selling Entities whose market strategy may focus on high-volume hub trading, buying and selling of physical assets or a combination of both. SoftSmiths’ e-Merchant suite offers a flexible, scalable business technology solution – seamlessly integrating, Risk Management, Scheduling, Portfolio Assessment, Trading, Resource Management, Accounting and Reporting.

"Continuing our commitment to reduce complexity and increase efficiency, we are pleased to offer these critical tools," said Larry Stone, Director of Engineering at SoftSmiths.

About SoftSmiths

SoftSmiths, Inc. is a Texas-based, privately held corporation. The company has been successfully delivering e-business solutions to energy service companies since commencing commercial operations in January 1997.

SoftSmiths is a leading provider of business critical Transaction Management Systems and services to the energy industry. SoftSmiths products are designed to address increased customer and transaction volumes and yield increased operational efficiencies, thereby enabling its customers to profitably operate in the competitive marketplace.

SoftSmiths' highly differentiated position in the market is a result of its in-depth knowledge of the industry’s business practices, having the broadest product development strategy and using its intellectual property and consulting service to meet its customer’s competitive business requirements.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

Softsmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186


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