OpenLink

OpenLink Continues Record Growth Trend in First Quarter

MITCHEL FIELD, NY, May 31, 2001 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, continued a three-year growth trend, surpassing past prior benchmarks in the first quarter of 2001 with record revenues, staff additions and client license sales.  For the quarter ended March 31, 2001, OpenLink's total revenues increased 64% compared to the same quarter in 2000.  License fees and product enhancement revenues were up 51%, while staffing grew by 32% during the first quarter.

Client highlights during the first three months of 2001 included the signing of Scottish Power, Dynegy licensing OpenLink's new ORIEN e-commerce technology, and numerous OpenLink clients adding new users, including Gaz de France, Hamburgische Electricatats Werke (HEW), and Nexen.

 "Our solid business strategy and superior software solutions have kept us on a steady expansion course in the United States and Europe for more than three years now," said OpenLink's Chief Operating Officer Kevin Hesselbirg.  "Our clients demonstrate their confidence in us and in our leading Endur™ and Findur™ software by continually adding users and/or expanding system coverage to include new commodities and new capabilities.  The best test of our success is our ability to keep growing profitably while meeting our clients' increasingly complex needs.  I'm pleased to say that we continue to meet this challenge, and our results prove it."

About OpenLink

Founded in 1992, OpenLink has emerged as a leading developer of energy and financial trading and risk management software solutions with broad market functionality.  The company's global client base includes Bank for International Settlements, Coral Energy, Credit Lyonnais Rouse, Deutsche Bank, Dynegy Inc., Equiva Services LLC, Gaz de France, JP Morgan Chase & Co., Manulife Investment, ExxonMobil Gas, Nabisco, Nexen, PanCanadian Petroleum, RWE Energie, and Texaco.  Headquartered in New York, OpenLink employs more than 200 professionals worldwide and has offices in New York, London and Houston.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197