David Mcgee Joins Enermetrix as Executive Vice President of Professional Services.Business/Technology Editors MAYNARD, Mass.--(BUSINESS WIRE)--May 23, 2000 McGee to Capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. Company's 98% Customer Retention Rate, Set the Strategic Direction for the Energy Exchange's Members' Services Enermetrix, the leader in Internet commerce for energy, today announced that David McGee has joined the Company as executive vice president of professional services. In this role, McGee will be responsible for the strategic direction, delivery and ongoing sales of services and offerings for Enermetrix.com Exchange's members. McGee will report to Jeff DeWeese, president and COO of Enermetrix. "Enermetrix's 98 percent customer retention rate is indicative of the long-term benefits of our exchange and the strong relationships Enermetrix has developed with its members," said Jeff DeWeese. "David's experience in the utility industry and related IT services will greatly enhance our business development and professional service departments, thus further strengthening our customer relationships." "Enermetrix is well-positioned to become the standard for energy e-commerce as more companies leverage the Internet in deregulating de·reg·u·late tr.v. de·reg·u·lat·ed, de·reg·u·lat·ing, de·reg·u·lates To free from regulation, especially to remove government regulations from: deregulate the airline industry. energy markets to better manage their business and realize significant cost savings," said McGee. "I look forward to helping Enermetrix expand its services from a one-time setup and purchase of a software license to a delivery model of on-going services and offerings." McGee brings to Enermetrix more than 24 years of IT services, sales and support experience for companies such as Avista Corporation, Dow Chemical and Mobil Corporation. Most recently, McGee served EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. as president of the Company's Utilities Industry business unit. In this role, McGee led the delivery of IT services for accounts, sales, consulting and customer care. He also served EDS as vice president of account operations. In this position, he was responsible for the delivery of outsourced and project-related IT services. McGee graduated from Boise State University with a Bachelors of Business Administration degree in Information Sciences. About Enermetrix Enermetrix is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Maynard, Massachusetts, with operations throughout the United States. The Company created and operates the nation's most active Internet exchange for commercial, industrial and other aggregate energy transactions. The Company is the leading provider of Internet commerce solutions to Utilities, Energy Service Companies, Energy Traders and Corporate Energy Buyers. Enermetrix revolutionizes how companies manage their business in deregulating energy markets. Upside Magazine selected Enermetrix as one of the Hot 100 private companies in 2000. InformationWeek named Enermetrix one of the Top 100 E-businesses of 1999. In addition, the Company has twice been awarded the prestigious CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. WebBusiness 50/50 Award. The Company's investors include: InSight Capital Partners; GE Capital, a Company of General Electric (NYSE NYSE See: New York Stock Exchange : GE); Duquesne Enterprises, a subsidiary of DQE DQE Detective Quantum Efficiency DQE Duquesne Light Company DQE Detector Quantum Efficiency DQE Differential Quantum Efficiency DQE Design, Quality, Environment DQE DESEX Query Engine DQE Decontamination Quick & Easy (DQE, Inc.) Enterprises, Inc. (NYSE: DQE); and Unitil Corporation (AMEX AMEX See: American Stock Exchange : UTL UTL Utility UTL Universidade Técnica de Lisboa (Portugal) UTL University of Toronto Libraries (Canada) UTL Unable To Locate UTL Universal Task List UTL Upper Tolerance Limit UTL Unit Transmittal Letter ). For additional information regarding Enermetrix, visit the Company's web site at www.enermetrix.com or call (978) 461-0505. |
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