Retx.com Partners with SaskTel for Web Services to Retail Energy Industry

5/18/2000

Atlanta, GA—Retx.com, a pioneer in Web-based services for the retail energy market, announced today the formation of a partnership with SaskTel to provide complete Internet-based e-business services to the retail energy industry. SaskTel, a Canadian communications company, has acquired a 49 percent share in Retx.com for an undisclosed amount.
Retx.com has established a full suite of secure products and applications for electric and gas utilities in the $270 billion deregulating retail energy market. The company is a nationwide clearinghouse portal and supply-chain management service that offers a full array of customized solutions allowing its customers to be faster to market, more competitive and to better serve their consumers. Services range from customer enrollment, meter information management, retail settlements, curtailment management, performing compliance responses, assisting with audit capability, and more.

Ross Malme, CEO and President of Retx.com said, “Partnering with SaskTel is a natural fit that we’re all excited about. Our services combined with SaskTel’s telecommunications strengths ensure that the retail energy industry gets solutions for the complex problems of the new deregulated marketplace. In addition, the end-consumers will realize the best service and benefits, the very reason for deregulating this marketplace.”

Said Don Ching, SaskTel President and CEO, “The further deregulation of the North American electric and natural gas industry, combined with the growing reliance on the Internet for communication needs, has opened another door for SaskTel to continue its diversification strategy. This deregulation has created some new marketing opportunities, and Retx.com is positioned to bring these opportunities to fruition. With this partnership, SaskTel will extend our skills and our suite of Internet solutions in the emerging e-business market.”

About Retx.com:
Retx.com, founded in 1998, works with electric and gas distribution utilities and retail energy service providers that have or will deregulate or unbundle their energy services. It provides these companies with fully-integrated and secure Web-based clearinghouse services customized for each company, including customer enrollment, meter information management, retail settlements, curtailment management, performing compliance responses, assisting with audit capability, and more. Retx.com also works with energy companies to plan and prepare for customer choice in future deregulating marketplaces. ...

About SaskTel

SaskTel is the leading full service communications company in Saskatchewan, Canada, providing competitive voice, data, dial and high-speed Internet, Web-hosting, QUANTUMLYNX Office applications, secure electronic transactions, text and messaging services over a fiber optic-based, fully digital network. SaskTel also provides digital and analog cellular, paging, wireless data and FleetNet 800 service through its SaskTel Mobility division. SaskTel maintains investments in companies which provide directory publishing, remote security monitoring, system design, project management, engineering consulting, software sales, multimedia and cable television services. The Web site for SaskTel is www.sasktel.com.

Retx.com Partners with SaskTel for Web Services to Retail Energy Industry
5/18/2000
Atlanta, GA—Retx.com, a pioneer in Web-based services for the retail energy market, announced today the formation of a partnership with SaskTel to provide complete Internet-based e-business services to the retail energy industry. SaskTel, a Canadian communications company, has acquired a 49 percent share in Retx.com for an undisclosed amount. Retx.com has established a full suite of secure products and applications for electric and gas utilities in the $270 billion deregulating retail energy market. The company is a nationwide clearinghouse portal and supply-chain management service that offers a full array of customized solutions allowing its customers to be faster to market, more competitive and to better serve their consumers. Services range from customer enrollment, meter information management, retail settlements, curtailment management, performing compliance responses, assisting with audit capability, and more. Ross Malme, CEO and President of Retx.com said, “Partnering with SaskTel is a natural fit that we’re all excited about. Our services combined with SaskTel’s telecommunications strengths ensure that the retail energy industry gets solutions for the complex problems of the new deregulated marketplace. In addition, the end-consumers will realize the best service and benefits, the very reason for deregulating this marketplace.” Said Don Ching, SaskTel President and CEO, “The further deregulation of the North American electric and natural gas industry, combined with the growing reliance on the Internet for communication needs, has opened another door for SaskTel to continue its diversification strategy. This deregulation has created some new marketing opportunities, and Retx.com is positioned to bring these opportunities to fruition. With this partnership, SaskTel will extend our skills and our suite of Internet solutions in the emerging e-business market.” About Retx.com: Retx.com, founded in 1998, works with electric and gas distribution utilities and retail energy service providers that have or will deregulate or unbundle their energy services. It provides these companies with fully-integrated and secure Web-based clearinghouse services customized for each company, including customer enrollment, meter information management, retail settlements, curtailment management, performing compliance responses, assisting with audit capability, and more. Retx.com also works with energy companies to plan and prepare for customer choice in future deregulating marketplaces. ... About SaskTel SaskTel is the leading full service communications company in Saskatchewan, Canada, providing competitive voice, data, dial and high-speed Internet, Web-hosting, QUANTUMLYNX Office applications, secure electronic transactions, text and messaging services over a fiber optic-based, fully digital network. SaskTel also provides digital and analog cellular, paging, wireless data and FleetNet 800 service through its SaskTel Mobility division. SaskTel maintains investments in companies which provide directory publishing, remote security monitoring, system design, project management, engineering consulting, software sales, multimedia and cable television services. The Web site for SaskTel is www.sasktel.com.