NWP Services Corp. formed as new parent company of National Water & Power and Open-c Solutions


SANTA ANA, Calif., Oct. 25, 2002 – The formation of NWP Services Corporation (NWP) was announced Thursday by its Chairman and Chief Executive Officer Randy Lintecum.

NWP was formed to provide an enhanced operational infrastructure for the company’s two business units, National Water & Power and Open-c Solutions. The new structure provides for the focused application of the company’s strategic assets, management expertise and technology resources needed to accelerate the company’s plans for growth and expansion.

Under the new structure, National Water & Power becomes a business unit of NWP Services Corp. providing real estate utility billing services. Open-c Solutions will continue operating as a wholly owned subsidiary providing utility billing and customer care services to the utility and energy industry.

“Our new corporate structure prepares NWP for its broader future and an expanded range of utility billing, energy management, customer care and information-based services,” said Randy Lintecum, chairman and CEO of NWP Services Corporation. “Our customers will now benefit from the combined expertise and technology strengths of two billing industry leaders.”

The company also announced the appointment of Douglas S. Thompson as chairman and chief executive officer of Open-c Solutions. Thompson replaces interim president, Lanse Leach, who will return to his role as senior vice president and chief information officer for the new NWP Services Corporation.

Also announced was the appointment of Bob Wolpert as president of National Water & Power replacing Robert Sherman who becomes vice chairman of NWP Services Corporation. Wolpert had been serving as National Water & Power’s chief operating officer.

Business Unit Synergy Founded in 1995, National Water & Power was the first company to provide complete outsourced billing management for multi-family property owners. The company has extensive expertise with resident billing program planning and implementation, billing software, utility sub-metering, bill collections and resident care.

Open-c Solutions offers a robust customer information system (CIS) capable of meeting the dynamic needs of utility companies across geographies, regulatory environments and legacy infrastructures.

As a combined company, NWP Services Corporation provides the regulatory expertise, proprietary technology platform and high quality services that property owners, utility and energy companies need to enhance property values, preserve resources and thrive in a complex regulatory environment.

Executive management for all NWP Services Corporation operations will now be headquartered in Santa Ana, Calif. Open-c will maintain product development operations in Minneapolis.

About NWP Services Corporation

NWP Services Corporation, headquartered in Santa Ana, Calif., is the privately held parent company of National Water & Power and Open-c Solutions. National Water & Power is a national provider of billing and customer care services for the multi-family real estate market.

Open-c Solutions provides systems and services for use by utility and energy companies in their billing and customer care business operations to increase profitability and build enhanced customer relationships. As a combined company, NWP Services Corporation provides the regulatory expertise, technology infrastructure and high quality services that property owners and utility companies need to preserve resources and thrive in a complex deregulated environment.

About National Water & Power

National Water & Power, headquartered in Santa Ana, Calif., is a privately held company headquartered in Santa Ana, Calif. National Water & Power provides a broad range of billing and customer care solutions to both the real estate and utility industries. National Water & Power’s billing and sub-metering operations service more than a half million apartment units in 39 states for some of the country’s largest public and private property owners.

About Open-c Solutions

Open-c Solutions headquartered in Santa Ana, Calif., and with development and engineering operations based in Minneapolis MN, develops and implements customer information systems (CIS) software for major utilities, services providers and billing service bureaus. Open-c’s utility CIS expertise and its robust technology platform enable utility companies to outsource billing and customer care services to increase profitability and build enhanced customer relationships.

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