CALGARY, Oct. 2 /CNW/ - WellPoint Systems Inc., ("WellPoint" or the
"Company") (TSX-V:WPS), a leading provider of software and related solutions
to the energy industry, today announced Masefield Canada Inc. ("Masefield"),
an international crude oil marketer, has successfully implemented the first
phase of WellPoint's Energy Broker product. Energy Broker is being used to
manage Masefield's crude oil marketing business and will allow Masefield to
enhance their trading business.
WellPoint has broken new ground with the creation of a comprehensive,
integrated oil and gas software solution powered by Microsoft Dynamics AX.
WellPoint Energy Broker is a state of the art integrated oil and gas marketing
software solution with a flexible contract and price builder, comprehensive
logistics marketing and settlement solution. This configurable and scalable
application is a multi-commodity, multi currency and multi-language marketing
system. WellPoint Energy Broker will revolutionize how oil and gas trading
organizations can do business.
Masefield has been a long time customer of WellPoint. "The new Energy
Broker product offers our company the most current comprehensive technology
that will help us succeed in an extremely competitive market," said Herb
Hamilton, President of Masefield Canada. "We needed a business software system
that allows us to create and store mission critical information within a
common database structure. WellPoint's Energy Broker allows our company to
capture complex deal structures directly within the application. The
customizable reports and configurable role-based screens provide our team with
state of the art tools to perform their job functions."
Masefield will implement the entire suite of Energy Broker functionality
by the end of November. "From Energy Broker Price Builder to Settlement
Documents, this product will manage the entire cycle of commodities marketing
from the forecasting and nominations through to settlement. The alerts and
workflow will be a huge time savings and will provide significant value and
cost savings to our organization," added Hamilton.
"As it is WellPoint's mission to meet the unique needs of clients
throughout the energy industry, we are excited to work with Masefield on the
integration of their crude oil and condensate marketing," said Richard Slack,
COO of WellPoint. "We are pleased to bring the unique capabilities of product
and services that WellPoint offers to Masefield and look forward to helping
About Masefield Canada Inc.
Masefield Canada is part of a specialized international energy trading
company, whose primary businesses are the trading of crude oil, condensates,
oil products, natural gas, Petrochemicals, bio-fuels and emissions. It plays a
key role in Masefield's global network of crude oil marketing, finding new
markets worldwide for rising exports of Canadian crude oil, providing the
highest quality of services to maximize value for small and intermediate
producers in Canada. Masefield is privately owned and headquartered in Zug,
About WellPoint Systems Inc.
WellPoint provides premier software and related services for managing
critical operations within the energy industry. Aligning tightly with
Microsoft Corporation, 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 became a
Microsoft Gold Certified Partner in 2005. Founded in 1997, Calgary-based
WellPoint Systems also has major operations in Houston, TX and Denver, CO.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Frank Stanford, Chief Executive Officer, (403)
538-3604, firstname.lastname@example.org; Bharat Mahajan, CA, Chief
Financial Officer, (403) 444-3916, email@example.com