SoftSmiths on Linux Getting Traction

Houston, TX. – August 5, 2004 – SoftSmiths, Inc., a leader in energy transaction management solutions, today announced significant interest from energy industry participants in running its Power and Transmission application suites on the Linux open-source operating system. The increasing demand for SoftSmiths’ solutions and this quick adoption further underscores SoftSmiths' leadership on Linux running on Intel platforms. SoftSmiths delivers critical Energy Business solutions and services that enable energy industry participants to enhance profitability and reliability in the wholesale energy market place.

SoftSmiths’ Transaction Management Systems for Linux will provide energy industry enterprise customers with stability, functionality, openness and value that rival solutions deployed on any other operating system. In addition, SoftSmiths is helping customers to safely and reliably deploy its applications on Linux in mission critical environments through its Implementation and Consulting team.

“SoftSmiths recognized early on the potential of Linux and moved quickly to be the first company to offer Energy Transaction Management solutions on that operating system. That provides us with a competitive advantage and has resulted in the first deployment of our energy solutions on Redhat Linux,” said Hugo Stappers, SoftSmiths’ Director of Sales and Marketing.

SoftSmiths Power

SoftSmiths Power provides Load Forecasting, Resource & Portfolio Management, Real-time and Term Trading, Multi-Commodity Deal Capture, Net Position and ”What-If” Impact Analysis, Volume and Mark-to-Market reporting, P&L reporting, Scheduling, Transmission Reservation and Electronic Tagging. In the Middle Office, SoftSmiths Power capabilities include Operational and resource constraints, Risk Measurement, Controls and Monitoring, while the Back-office provides financial settlement, invoicing, payment tracking and reporting.

SoftSmiths Gas

The SoftSmiths Gas product suite is a collection of robust and easy-to-use interactive applications providing Front, Middle and Back-Office capabilities for Natural Gas Marketers, LDC, Utilities and Pipeline companies. SoftSmiths Gas provides Deal Capture, Transportation Management, Storage Management and Risk Management. In the Middle Office, SoftSmiths Gas capabilities include Operational and resources constraints, Risk Measurement, Controls and Monitoring, Nominations and Pipeline Imbalances, while the Back-office provides Contract Management, Confirmations, Financial Settlement, Invoicing and reporting.

SoftSmiths Transmission

SoftSmiths Transmission is designed for Transmission Providers, Control Area Operators, and RTO's who face an increasingly diverse customer service base and require cutting-edge technology to accommodate transaction rates in the hundreds of thousands. SoftSmiths Transmission product provides just that - a flexible, scalable business technology solution, seamlessly integrating Scheduling, Transmission Services, ATC Management, Interchange Checkout, EMS integration, Accounting and Reporting - giving Transmission Providers the capabilities necessary to stay on top of the changing business environment.

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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