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WellPoint Energy Broker Solution Selected by Plains Midstream Canada

^{Published on 2009-12-07 05:06:23 - Market Wire}
 

CALGARY, Dec. 7 /CNW/ - WellPoint Systems Inc., ("WellPoint" or the "Company") (TSX-V:WPS), a premier provider of enterprise applications and related services for managing business in the global energy sector, today announced that their Energy Broker commodity trading and risk management solution was selected by Plains Midstream Canada (Plains), a crude oil and liquefied petroleum gas service provider, to use in its crude oil marketing business.

WellPoint has broken new ground with the creation of a comprehensive, integrated oil and gas software solution powered by Microsoft Dynamics AX. Energy Broker provides dynamic and innovative marketing, scheduling and nomination software designed to manage complex pricing scenarios, streamline supply and demand analysis, manage contracts and provide detailed administrative, management and executive reports in multiple languages and currencies.

The Energy Broker solution was designed to address the complex transactional requirements of small through large organizations, needing anywhere from one through several hundreds of seats. Energy Broker helps to increase productivity, minimize risk and maximize margin by providing real time operational visibility.

"We are pleased that Plains has determined that the WellPoint Energy Broker solution met its business management needs," said Richard Slack, President & CEO of WellPoint. "I am proud that Plains has become a key customer for our Energy Broker solution, which we believe provides significant competitive advantage to companies like Plains by offering a cost effective solution with deep industry functionality - designed to address the complex needs of midstream oil and gas companies. As a result, we are finding that Energy Broker is beginning to build positive momentum in our key North American markets."

About WellPoint Systems Inc.

WellPoint provides premier software and related services for managing critical operations within the energy industry. As a Microsoft Gold Certified Partner since 2005, WellPoint is the only Independent Software Vendor (ISV) and Microsoft Dynamics partner dedicated to the energy sector. It is breaking new ground with the creation of a more comprehensive, integrated energy software suite based on existing Microsoft ERP technology that utilizes state-of-the-art Dynamics AX(R) and .NET architectures. WellPoint also provides software and services under the BOLO, IDEAS International and AX EAM brands.

Founded in 1997, Calgary-based WellPoint Systems also has major operations in Denver, CO, Houston, TX, Livingston, NJ, Tampa, FL, Tunis, Tunisia and Pretoria, South Africa. WellPoint is publicly traded on the TSX Venture Exchange under the symbol WPS.

This document contains forward-looking statements. Some forward looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. The statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, successful integration of structural changes, including restructuring plans, acquisitions, technical or manufacturing or distribution issues, the competitive environment for the Company's products, the degree of market penetration of the Company's products, and other factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.