NWUC news
Nationwide Utilities Corp. (OTCBB: NWUC) ("Nationwide" or the "Company") is pleased to announce the recent entry into three definitive services agreements (the "Agreements").
The Agreements entered into between the Company and Alamo Power LLC of Texas, Success Power Partners LP of Texas and American Marketing Services LLC of Texas (together, the "Clients") provide a full spectrum of Nationwide services to be undertaken by the Company on behalf of the New Clients, some of which include:
* Full licensing rights and online access for broker representatives of the Clients to utilize the Company's cloud based software solutions to undertake energy transactions in support of their sales and administration of commercial electricity throughout the Texas deregulated energy market;
* Full service level functions from the Company for the Clients, providing full support for The-Portal.net installations and user provided PC platforms, service request support, system leadership expertise support, access to broker liaison services for the Clients to secure additional non-exclusive contracts with Retail Energy Providers throughout the State of Texas, etc.;
* Access to all software tools and solutions offered by Nationwide that aid in the sale of commercial electricity in full support from prospect to customer;
* ESI lookups, providing immediate access to ESI ID and ESI location information;
* Instant email/fax LOAs with Client corporate identity and sales agent information;
* Group and user management levels and restrictions building tools;
* Customer tracking and reporting tools;
* Document control tools;
* Email and mobile phone alerts to receive processed historical usage data requests, credit accepts/rejects, contract accepts/rejects, and numerous other available alerts features;
* Instant energy pricing based upon heat rates and natural gas feeds, which determines kilowatt hours pricing and is instantly included on quotes and contracts;
* Credit checks to return acceptance or rejections based upon retail energy provider credit requirements.
The Agreements additionally provide to the Clients full online services support inclusive of support personal, recipient support, problem escalation and account management, as well as professional services that Nationwide can provide at the request of the Clients for additional fees encompassing Client personal training, Client application programmer support, Nationwide market consulting to the Clients and the Company's provision of making available to the Clients Nationwide IT Certified Engineering staff.
The Clients will commence utilization of the Company's hosted software solution for their deregulated energy transactions that could see as many as 75 broker representatives undertaking energy placement transactions initially, with the potential expansion of the number of broker representatives increasing to as many as 750 within the following year. Based upon the anticipated usage of the Company's cloud based energy transaction environment and services, and the potential replicability of the contracts underlying the Client Agreements, the financial metrics of the Agreements present possible revenues for the Company anticipated to range to potentially as much as $15 Million USD per annum.
Nationwide Chairman and Chief Executive Officer Brant Wallace stated, "The initiation of these Client agreements truly closes the door on our reorganization plan and signals the beginning of normal company growth. Our software platform is the premier sales and marketing automation tool in this market, designed to be an exchange between our commercial power broker clients and retail energy provider vendors (REPs). As such, we are truly fulfilling our corporate objective to facilitate client transactions within the relevant regulatory frameworks. Put another way, as our clients and vendors already know we simply help them to sell more deals, better deals, and to do it more quickly."
About Nationwide Utilities Corp.
Headquartered in Houston, Texas, Nationwide Utilities Corp. provides the only hosted, centralized cloud environment software solution for retail deal clearing of electricity and natural gas transactions for the deregulated energy markets throughout the United States.
Please visit our website located at: www.nationwide-utilities.com
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