IRVINE, CA -- (MARKET WIRE) -- 02/21/08 -- NWP Services Corporation (NWP), the leadingprovider of proven financial transaction processing solutions to themultifamily housing industry, today announced that it has expanded itsstrategic relationship with The E Group, a division of FirstEnergySolutions Corp. Through the terms of the agreement, NWP will offer new andexpanded utility cost management services to multifamily housing owners andmanagers.Specializing in providing energy management services to single andmulti-site commercial, industrial and governmental enterprises, The E Grouphas been successfully providing its extensive knowledge and expertise inthe electric and natural gas energy markets to NWP customers in themultifamily marketplace since 2003.
NWP will now offer a series of enhanced services to its multifamilycustomers as part of its award-winning utility management program known asUtilityPay Manager. Program features supported by The E Group includeutility bill-auditing and annual rate & tariff auditing for water, sewer,natural gas, and electric accounts and expedited bill insert sorting anddelivery. Additional services available through the program include energybudgeting, forecasting, rebates, conservation, and procurement services.
As a result of this agreement, NWP's UtilityPay Manager customers willbenefit from expedited program implementation and processes. In addition,NWP can help customers identify new opportunities to manage utility costsand reduced risk, enabling them to optimize their energy spend and toobtain competitive utility rates for electricity and natural gas inderegulated markets.
"We are proud of our relationship with The E Group and very pleased withthe success our customers are experiencing from the UtilityPay Managerprogram," said Michael Radice, president and CEO of NWP ServicesCorporation. "The technologies and services offered through the programcreate a total utility management solution that is strategic andactionable. NWP customers can improve financial performance while helpingto minimize the total cost of ownership of their portfolio," Radice added.
"UtilityPay Manager is a great program and we are excited to be a part ofits expansion," said Eileen Mikkelsen, Director of The E Group. "We feelthe addition of these expanded services in the areas of auditing andbilling will provide value-added and time saving enhancements to thecustomers of NWP."
About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP)provides financial transaction processing services for the multifamilyhousing industry. NWP is a recognized leader in service quality forresident billing, resident payment processing and utility managementservices.
Resident billing by NWP enables property owners to offset their utilityexpenses by allocating utility charges to residents and then printing andsending a paper or electronic bill; NWP's billing options now includeconvergent -- or "rent-inclusive" -- billing through its Resident OneBillservice. Complementing its billing services, the company's electronicresident payment processing service; called Resident ePay; enablesresidents to pay their rent, utilities and other monthly charges online orat the rental office with funds transferred to the property's bank accountelectronically. Resident ePay gives residents convenience, choice andcontrol while letting owners to get access to cash faster. With itsUtilityPay Manager program, NWP processes and pays utility invoices sent toan owner's property by utility companies. UtilityPay Manager helps propertyowners and managers reduce time spent on administrative bill payment workand provides them with valuable utility expertise, utility data and utilitycost management opportunities, including recovering expenses from residentswhen they fail to transfer utilities into their own name.
NWP's offerings are available as individual services or as a fullyintegrated solution and are designed to accelerate the financialperformance of our customers, allowing them to recover and reduce operatingcosts, create operational efficiencies, improve NOI and FFO and boostresident satisfaction. Additional information is available atwww.nwpsc.com.
Contact for NWP Services Corporation:
David Collins
949-253-2589
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