ROCHESTER, N.Y., March 28, 2001 (PRIMEZONE) -- eBidenergy.com, an application service provider (ASP) of online energy services, announced today that it has signed an agreement with ECOM-ENERGY, Inc., an independent provider of advisory services and procurement solutions that assists healthcare providers in making their energy management and procurement decisions.
The agreement allows ECOM-ENERGY users to take advantage of eBidenergy.com's EnTreX(TM) energy procurement system, a software application whereby energy suppliers may bid to supply energy consumers with their gas, electrical, or other energy needs. Suppliers that are currently using eBidenergy.com's system will have access to the load profiles of ECOM-ENERGY customers, offering the opportunity for suppliers to broaden their customer base and reduce costs related to customer acquisition efforts.
ECOM-ENERGY customers will now have broader access to energy suppliers through eBidenergy.com, allowing them to secure competitive energy prices. The customers will also have centralized permission-based access to facility load profiles and back office reporting that will help them streamline the procurement process.
"The healthcare industry has very large and specific energy requirements," said Terry Sick, President and CEO of eBidenergy.com. "There is a tremendous opportunity for healthcare facilities to reduce energy costs through metering and monitoring, streamlined procurement strategies, interruptible rates, and load curtailment."
He added, "We view this agreement as a great strategic partnership and an aggressive move into the healthcare market."
"We believe that access to the eBidenergy system will provide our healthcare clients a faster and more efficient way to conduct auctions for their electricity and gas needs and to obtain highly competitive energy rates," noted Dilip Limaye, president and CEO of ECOM-ENERGY. "This is exactly the kind of value-added offering healthcare facilities require, given the current volatility of the nation's energy markets."
About eBidenergy.com
Headquartered in Rochester, N.Y., eBidenergy.com -- formerly Logical Energy Solutions, Inc. -- was founded in 1996. eBidenergy.com is an online provider of energy procurement, data acquisition, and data analysis for U.S.-based commercial and industrial businesses, and a service provider to industry stakeholders. Customers and strategic alliances include Xerox, Siemens, Medeva Pharmaceuticals, USI Energy, the New York State Energy Research and Development Authority, or NYSERDA, and Aquila Energy. For additional information, call (716) 427-2610 or visit www.eBidenergy.com.
About ECOM-ENERGY
Plymouth Meeting, PA-based ECOM-ENERGY is an independent provider of advisory and procurement services to assist healthcare providers in making wiser, more cost-effective energy decisions. The company offers unbiased information and advice to healthcare organizations -- serving as a "one-stop shop" for all their energy management questions. ECOM-ENERGY was founded by internationally recognized energy experts, and is an affiliate of ECRI, the world's leading independent evaluator of healthcare technology.
ECOM-ENERGY provides comprehensive cost and risk management solutions. Its unique business concept provides a range of membership and e-commerce services that create value for the customers by empowering them to succeed in changing energy markets.
For more information, visit the Web site at www.ecom-energy.com or call (877) 709-ECOM.
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CONTACT: eBidenergy.com
Terry Sick, President and CEO
(716) 427-2610
tsick@ebidenergy.com
Buck & Pulleyn for eBidenergy.com
Carol Burke
(716) 288-6900 (office)
carol.burke@pulleyn.com