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Mincom
www.mincom.com

DENVER, CO., February 27, 2001 - BUSINESS WIRE - Mincom, Inc., the Australia headquartered/Denver-based software solutions provider for the utilities industry, announced the signing of TorontoHydro Electric System, Ltd., an electric distribution utility providing electricity to over 650,000 customers in the Ontario Province of Canada, for its web-based Ellipse 5.2 suite of utilities software management applications.

"In the future deregulated utilities world, TorontoHydro needs to Reduce costs, improve performance indicators, maximize assets and meet the expectations of our customers," said Bob King, V.P. - Business Transformation. "Mincom's integrated approach will give us data access in real time, making us more informed, more responsive and more competitive as we enter this changing environment."

The TorontoHydro contract is considered a bell-weather North American Utilities contract. The amalgamation of six regional utilities companies in the Toronto area, TorontoHydro has streamlined to provide systematic efficiencies by handling nearly all electrical distribution for Canada's largest metropolitan area. Many similarly situated utilities in North America going through the same changes are expected to undergo the same software and solutions selection process within the next eighteen months.

"In signing this large, long-term contract for a new enterprise asset management system, TorontoHydro is on the leading edge of energy companies coping with the dual forces of deregulation and consolidation. We expect a number of similar deals to come to fruition during the next 2-3 years," said Rick Nicholson, Vice President of Energy Information Strategies for META Group.

Mincom will deploy its flagship Ellipse software system to integrate and facilitate the streamlining of TorontoHydro's many business processes, including maintenance, work management, materials, financials, and human resources. In addition, Ellipse will integrate with SCT's Banner Customer Information Billing System.

Cambridge Management Consulting is a key partner with Mincom in providing Change Management in order to ensure a smooth transition to the new system for TorontoHydro's 1,900 employees as well as to help maximize the utility's investment.

"We are delighted to be working with TorontoHydro. Mincom's web-based Ellipse software will enhance our ability to help our client structure and align their business processes to change the way the business performs so they can compete more effectively in new deregulated markets," comments Doug Ferguson, Cambridge Management Consulting Vice President Utility Practice, Cambridge Management Consulting.

For Mincom, the TorontoHydro sale comes just two months after winning a contract with Seattle's Cascade Natural Gas. "Mincom was once considered just a `mining IT' company. Since then, Mincom's first-rate processes and solutions for energy markets have assisted utilities in the United Kingdom and Asia/Pacific survive and thrive in deregulated environments. The TorontoHydro sale demonstrates that Mincom's utility-specific solution is second to none and gives us a strong foot-hold in the North American Utilities market," said Mincom North American Vice-President of Utilities Rick Rogers.

"Vendors that take a solutions approach to the energy and utility market by developing a complete applications footprint for various lines of business such as generation or energy delivery, and are also able to utilize best-of-breed components from their business partners, will have a competitive advantage in the market," added META Group's Nicholson.

About Mincom
Mincom, Inc., of Denver, Colorado, is a global provider of enterprise application software solutions for capital asset-dependent companies in the utilities, transportation, mining, and government/defense industries. Mincom serves customers in over 40 countries with fully integrated software solutions and professional services, along with e-business procurement capabilities and hosted Applications Service Provider (ASP) services. Headquartered in Brisbane, Australia, Mincom's 1,100 employees populate thirty offices worldwide in 18 countries. (www.mincom.com)

About TorontoHydro
TorontoHydro-Electric System Limited is the second largest municipal distribution utility in North America and fourth largest electrical utility in Canada. TorontoHydro-Electric System Limited distributes 25% of the province of Ontario's electricity, serves 650,000 customers, and employs more than 1,900 full-time employees and about 200 contract staff in a variety of trades and professions. The utility serves a population of approximately 2.4 million in a service area of 630 square kilometers. The residential, commercial and industrial customers contribute to a peak demand of 4,800 megawatts and generate close to$300 million in annual revenues for TorontoHydro-Electric System Limited.

About Cambridge Management Consulting (CMC)
Cambridge Management Consulting is the operational strategy and execution partner of choice for companies seeking the rapid realization of value through improved operating performance. CMC works side-by-side with clients to Deliver quantifiable results and create the large-scale organizational engagement and commitment essential for achieving business aspirations. The company has deep Sector expertise -- in Utilities, Oil & Gas, Engineering, Chemicals, Automotive and Manufacturing -- and worldwide capability with more than 700 employees and offices in the U.S., London, Paris, Munich, Amsterdam, Brussels, and Copenhagen.

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