Posted: Jul 2, 2007

Clothing Retailer Gets Hip to Energy Management Savings Prenova to Dress Up

ATLANTA, GA - July, 2007 - Prenova announced today that it will provide Utility Management solutions, as well as the management of energy price volatility for a well-known contemporary women’s clothing retailer. These solutions will include Bill Payment, Rate and Tariff Optimization, Price Risk Management and Utility Due Diligence.

Through its Utility Management solution, Prenova provides utility bill payment in partnership with a third-party service provider to assume and streamline bill payment activities, including gas, electric, water and telecommunications. Prenova assures accurate and timely management of the bill payment process and the mitigation or elimination of late fees. Prenova then stores the utility data in its data warehouse and performs a series of powerful proprietary processes to identify bill errors (including rate and tariff reviews) and anomalies, which Prenova then investigates and resolves. In the event of errors from the billing party, Prenova notifies the party, and obtains a credit or refund on the customer’s behalf. Prenova then ensures that these corrections are sustained in all subsequent bills.

Prenova will also provide the customer its Rate and Tariff Optimization solution and Price Risk Management in regulated and deregulated energy markets, respectively. Through the Rate and Tariff Optimization solution, Prenova identifies the best possible regulated commodity rate for each relevant site in the customer’s portfolio. Prenova’s Price Risk Management solution addresses the optimization of cost and risk in procuring electric and gas energy for the enterprise. Price Risk Management includes the continuous review of market conditions to assess and determine both the potential near-term and future impact on financial outlooks these market changes create for the customer’s energy supply portfolio in terms of potential savings or risks. Price discovery, and then the setting of a strike price by market, is a critical part of this solution. Prenova then develops strategies and plans for managing price and risk, recommends specific actions to the customer, executes the agreed actions, and performs Quality Assurance to ensure that changes are accurately implemented.

About the Women’s Clothing Retailer

This stylish women’s apparel and accessory retail chain operates more than 250 stores across the United States, Virgin Islands, Puerto Rico and Canada. The founder built the stores on the concept that a major demographic was left untouched by the fashion world, and soon a successful chain of stylish women’s clothes was formed.