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CAMBRIDGE, MA., July 11, 2000 - USPowerSolutions, a leading B2B Service Provider of e-commerce infrastructure technology for the deregulated energy industry, today announced the close of $3.7 Million in "Series A" equity financing.

Primary investors included: Aconcagua Capital Group; Osborn Capital, an investment fund founded by Jeff Osborn, founding VP Sales at UUNet (Nasdaq:WCOM); Steven Parla, Director of Equity Research and Senior Natural Gas Analyst at Credit Suisse First Boston; Gene Shklar, Director and VP of Public Services for Keynote Systems (Nasdaq:KEYN) and a founding employee of Siebel Systems (Nasdaq:SEBL). Investors in this round have founded more than 120 companies.

"This most recent round of investment puts USPowerSolutions in an ideal position to create a dominant network of new energy participants in this huge, highly fragmented marketplace. By using USPowerSolutions Web-based products, Competitive Energy Companies can access necessary applications and information 'on demand' at very low cost," said Dr. Barry Unger,
Managing Director of Aconcagua Capital Group. "USPowerSolutions' unparalleled interconnection service capabilities, combined with their flexible ASP billing and customer care package, give Competitive Suppliers the tools necessary to compete in this rapidly evolving $300 billion market."

"We experienced great success, filling this round with an exceptional group of investors," said Alex Kanuth, President of USPowerSolutions.  "This success allows us to accelerate growth by hiring new members to the management team and enhancing client services, sales, marketing and engineering departments. In turn, USPowerSolutions will create real transactional efficiencies in the energy market by establishing a dominant network of vendors, intermediaries and asset holders. It is a very exciting time for the industry and USPowerSolutions."

About USPowerSolutions
USPowerSolutions provides relevant Internet technology solutions to interconnect participants in the rapidly deregulating $300 Billion energy market. Using a Web-based communications network, USPowerSolutions enables electronic transactions between Distribution Companies, Customer Acquisition Portals, Product Vendors, and Energy Service Providers, freeing ESPs to focus on key business operations. Clients are better able to Increase profitability by expanding operations more rapidly, delivering superior customer service, and streamlining operations into new territories. USPowerSolutions is dedicated to meeting client needs and providing the best solution by developing configurable systems to fit specific needs.

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