Formosa Plastics Corporation’ Neumin Production Company and EC Infosystems Redefine EDI for the Texas Energy Market; EC Infosystems’ EDI solution helps Neumin Production Company give their customers what they really want from EDI – “Energy Delivered Impeccably”

Date: August 3, 2004

Neumin Production Company, a division of Formosa Plastics Corporation, U.S.A., is getting ready to introduce Formosa Utility Venture, Ltd. in Point Comfort, TX to a whole new level of service and savings as a result of selecting EC Infosystems Corporation’s solution for EDI transaction processing management.

This means that Neumin Production Company, using EC Infosystems’ EDI interface, can accurately monitor the Formosa Utility Venture load by each interval, providing efficient enrollment and near real-time meter reading to their customers. And, it all gets done quickly, reliably, securely and cost-effectively.

Most deregulated states have mandated that utility and energy service companies use EDI technology to send enrollments or to receive meter readings from transmission and distribution providers. However, the cost of developing the technology to do this to meet compliance in one state, let alone address inter-state transactions, is cost prohibitive both in financial and competitive terms.

Selecting EC Infosystems was a logical choice, given that their industry-proven transaction processing systems can scale to handle massive amounts of data and are specifically designed with a native ability to interface with almost all the industry’s EDI protocols, including Gas Industry Standards Board (GISB) and NEASB standards. This makes EC Infosystems a safe, smart and economical outsourcing option for Neumin Production Company.

According to UtiliPoint International’s Ethan Cohen “Utilities and energy companies are increasingly seeing the benefits of outsourcing. Many of these companies driven by the need to reduce cost, increase, operating efficiency, and better rationalize business processes choose outsourcing providers based on these important business metrics, but realize later on that an outsourcing vendor is also a business partner. Cost and business efficiency are part of the equation for a successful outsourcing arrangement, but service delivery, accomplishment of mutual business objectives and the strength of relationship are also critical.”

“Neumin Production Company’s selection of EC Infosystems is another significant vote of confidence for us by one of the industry’s most dynamic companies,” said Mohan Wanchoo, Senior Vice President, EC Infosystems. “It underscores the fact that EC Infosystems is fast becoming the EDI transaction management solution of choice for energy retailers and suppliers.”

Neumin Production Corporation supplies energy products and services to Formosa Plastics Corporation, U.S.A. (FPC). FPC is a growing manufacturer of plastic resins and petrochemicals committed to providing innovative, full-service solutions for established and emerging applications of its products. With annual revenues approaching $2 billion, Formosa employs 2,700 people, who operate 19 production units and five business divisions: Polyolefins, Vinyl, Specialty PVC, Chlor-Alkali, and Olefins and Energy. All of Formosa's vinyl resin products, including suspension homopolymer and copolymer, dispersion homopolymer and copolymer, blending, and compound grades are marketed under the trade name Formolon and manufactured at subsidiaries in Delaware City, Delaware; Illiopolis, Illinois; Baton Rouge, Louisiana; and Point Comfort, Texas.