OpenLink

Bridgeline Holdings Selects OpenLink's Endur and gMotion

Deal Capture Through Physical Scheduling Support To Be Provided

HOUSTON, TX, May 1, 2003 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that Bridgeline Holdings, L.P. and its subsidiaries — an intrastate natural gas pipeline, storage, and marketing company — has licensed Endur and gMotion to manage its physical and financial natural gas transactions.

"After reviewing OpenLink's Endur and their new integrated scheduling product gMotion, we were impressed with the solution's ability to cover our transaction management requirements, including deal capture, risk management, nominations, confirmations, settlements, and volume management," said Hugh H. Connett, president of Bridgeline. "Besides streamlining our current IT infrastructure, Endur will be a valuable tool for us as we expand our marketing, storage, and transportation capabilities."

Recently announced, gMotion is a robust scheduling application that completes the Endur software solution's coverage of the entire lifecycle of physical natural gas transactions. This new product has been developed with the input of today's energy market leaders, combining their best practices and industry expertise with OpenLink's advanced technical architecture and talented software engineers. The result is the first fully integrated application that addresses the industry's long-standing functionality wish list.

"This partnership with Bridgeline is a key milestone for OpenLink. It marks our entry into the pipeline operations sector of the North American energy market, and is proof that gMotion is already winning the battle against many legacy scheduling systems," said Matthew Frye, managing director of OpenLink's Houston division. "We are now able to offer energy companies — and asset-based organizations, in particular — the first and only straight-through-processing natural gas solution that covers it all: deal capture, risk management, scheduling, operations, and accounting."

OpenLink's recent release of gMotion for natural gas logistics and pMotion for power logistics reinforces the company's commitment to delivering leading-edge front- to back-office software to the evolving North American energy markets.

"Despite the recent market challenges, we continue to invest in our energy business innovations, especially in the scheduling arena, which is a market populated with orphaned and distressed systems," added Coleman Fung, OpenLink's founder and CEO. "Providing robust solutions and giving energy firms a real option for their technology needs highlight our commitment to our clients and the energy market."

About Bridgeline Holdings, L.P. (BHLP)

BHLP is a joint venture partnership with natural gas pipeline and storage assets that have served the South Louisiana marketplace for over thirty years. With more than 1,000 miles of transmission and distribution pipeline, 13 billion cubic feet (Bcf) of salt dome storage capacity and 33,050 horsepower of compression, Bridgeline's assets provide diversified natural gas supply and storage infrastructure to the South Louisiana marketplace and the Gulf of Mexico pipeline grid.

About OpenLink

Founded in 1992, OpenLink is a leading provider of trading, risk management, and operations software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, Deutsche Bank, Duke Energy International, EnCana, Equiva Services, Mobil UK, Mirant, Nexen, Shell Trading, and Vattenfall Europe Trading. Headquartered in Long Island, New York, OpenLink employs more than 280 professionals worldwide, with offices in London, Houston, New York City, Berlin, and Tokyo.

Editorial Contact:

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