CONTACT INFORMATION

Cogsdale Corporation
www.cogsdale.com

Shelley MacLeod
shmacleod@cogsdale.com

PRINCE EDWARD ISLAND, CANADA, May 12, 2004 - Cogsdale Corporation is pleased to announce that it was chosen by Fort Pierce Utilities Authority of Fort Pierce, Florida to provide its financial management/utility billing/customer information system. Fort Pierce Utilities Authority began their search for a new system many years prior, but stepped up its search in January of 2003. They were using an enterprise wide software application, written in COBOL to support operations. The system was internally supported but had outlived its useful life for FPUA. FPUA made the decision to look for a new system based on a number of issues, including; the system was difficult to use and to train users on, the language the system was written in was becoming obsolete and the system was not Windows-based.

The team who chose Cogsdale was focused on finding the best possible technology to support FPUA operations and ultimately the FPUA customers for many years. Their main concerns were to improve efficiency as well as maintain excellence in customer service. When the final decision was made, it was Cogsdale Corporation who could address the concerns of FPUA and could also provide the functionality and technology platform required in their new system.

Cogsdale started implementation in January 2004. It is expected that the financial modules will go live in July 2004 and Cogsdale CSM will be live in December 2004. As a Microsoft Gold Certified Partner, Cogsdale will use Windows servers and the SQL Server 2000 Database Management System to provide a secure stable environment for the new system at Fort Pierce.

According to Frank Varella, Director of Corporate Services at FPUA, “The Cogsdale/Great Plains solution, with its partnership with Microsoft and their friendly Windows applications is the right solution at the right time for FPUA. It is a mature product that has proven itself in applications at other similar sites. FPUA will benefit by having a state of the art customer services system as well as making operational improvements to its business processes. This is extremely important for a utility with growing customer needs in these changing times.”

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Fort Pierce Utilities Authority
Fort Pierce Utilities Authority operates as an enterprise fund of the City of Fort Pierce and is governed by a board of directors. The community owned electric utility also provides water, wastewater, natural gas and Internet services to over 24,000 electric, 15,000 water, 12,000 wastewater and 4,700 natural gas customers in Fort Pierce and portions of St. Lucie County. As a public utility system, owned by the people it serves, FPUA shares its revenues with the City, to use to improve the community.

About Cogsdale
Cogsdale designs, implements and provides ongoing support for Cogsdale Customer Service Management (CSM), a powerful utility billing/customer information system designed specifically for utilities and municipalities. Cogsdale CSM manages the complex billing and customer information needs of water, wastewater, electricity, natural gas and telecommunication for utilities and municipal government organizations.

Cogsdale has earned the prestigious designation of Microsoft Chairman’s Club and Microsoft President’s Club as well as the Impact Award. These awards acknowledge Cogsdale’s ability to provide single, scalable solutions for mid-market utilities and municipalities. More information about Cogsdale can be found at www.cogsdale.com.