Nationwide Enters Product and Services Agreements
March 29 2010 - 9:00AM
Marketwired
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
Forward-Looking Statements This news
release contains "forward-looking statements" regarding Nationwide
Utilities Corp., and its subsidiaries, business and project plans.
Statements in this news release, which are not purely historical,
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among others, the
expectation and/or claim, as applicable, that: (i) specified
numbers of energy broker representatives will utilize the Company's
cloud based energy transaction environment to facilitate the
completion of energy transactions; and (ii) that completed energy
transaction through the utilization of the Company cloud based
energy transaction environment can be relied upon to result in
predetermined revenue amounts.
It is important to note that actual outcomes and the Company's
actual results could differ materially from those in such
forward-looking statements. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others: (i) the demand for the
Company's software solutions products; (ii) the failure of the
Company to continue to procure new clients to utilize its products
and services for whatever reason, (iii) the failure of the procured
clients of the Company to utilize the products and services offered
by the Company to the extent that such usage may generate profits
for the Company; (iv) the accuracy of the predicted anticipated
revenues generated by the Company pursuant to client agreements it
enters into; (v) the uncertainty of the requirements demanded by
regulatory agencies; (vi) the Company's ability to raise debt or
equity financing for operations and/or its inability to maintain
qualified employees or consultants. For more risk factors about our
Company, readers should refer to risk disclosures in our recent
forms 10-KSB and 10-QSB filed with the SEC on Edgar.
Company Contact Innova Capital Group Inc. & GT Venture
Management AG Shane Bozzer, Associate Partner, Business Development
Email Contact Phone: 415-992-5541
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