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SoftSmiths Expands SoftSmiths Exchange Suite with Negotiated Market

Houston, TX. – May 9, 2006 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced the general availability of SoftSmiths Exchange Negotiated Market, an application that will provide decision support, performs checks during negotiation, and assists in optimal deal making. SoftSmiths Exchange is a next generation suite of electronic trading system (ETS) applications for energy commodities, targeted at companies that operate exchanges, brokerage firms, financial institutions with private trading networks, as well as energy buyers such as public utilities and large industrials. SoftSmiths Exchange meets the demand of traders to have the ability to buy and sell on computer screens.

With the Negotiated Market application, SoftSmiths Exchange brings a solution to the energy commodity market that supports electronic negotiation and accommodates a situation when two orders do not match exactly, and help the buyer and seller to get close enough to make a transaction possible. The platform allows traders to customize their deals by bundling additional services, options, and information into each deal.

With this addition, SoftSmiths Exchange now includes Negotiated Market and Action Market, an electronic, interactive marketplace that enables buyers and sellers to expose orders to bidders who compete anonymously. The combined solution delivers additional methods to the buy-side and sell-side traders to tap into the growth opportunity in the energy market, and to enterprises a cost-efficient platform to favorably impact their bottom-line”

Nathan Sheik, CEO of SoftSmiths, stated, “With SoftSmiths Exchange we provide the market makers a state-of-the-art integrated platform to facilitate transactions and in the most cost-effective way”.