OpenLink

Open Link and Verysell Projects Partner to Sell and Support Open Link’s Systems across Russia and the Commonwealth of Independent States (CIS) Countries

NEW YORK, NY, May 13, 2008 /Business Wire/  — Verysell Projects has reached an exclusive agreement with Open Link to provide value added reseller (VAR), IT project management and technical support services for Open Link systems across Russia and the CIS. This partnership provides expanding energy trading businesses in the region with enhanced performance capabilities and flexibility through Open Link’s leading edge technology.

Open Link is recognized as the market leader in Energy Trading and Risk Management (ETRM) solutions, providing an unparalleled universal, flexible platform for trading, risk management, forecasting, and optimization in the energy and commodities markets. In its ‘2008 Software Rankings’ published by Energy Risk Magazine, Open Link was voted the winner in 13 out of 20 survey categories and was named in the top 3 in every category.

“This partnership allows us to support increased volume and trading velocity across Russia and the CIS. It also provides increased efficiency and competitive strength to our customers,” said Alexander Fingert, the Deputy General Director of Verysell Projects. “Before this agreement, no ETRM vendor provided world-class energy and commodity trading and risk management solutions to the Russian market,” added Mr. Fingert.

“Open Link provides a unique solution because it can be quickly adapted and integrated with an organization’s existing systems,” said Leonid Kuropatov, the Deputy Managing Director of Verysell Projects. “In addition, Open Link’s ETRM, scheduling and optimization solutions meet critical requirements such as price and load forecasting, short-term and medium-term optimizations, sensitivity analysis, risk assessment and risk management, bid management, and the ability to distribute information on bidding results,” added Kuropatov.

Dr. Markus Seiser, Managing Director of Open Link International in Berlin, added that “Verysell’s long standing experience in IT project management and its specific expertise in the region makes us certain that this partnership will fully benefit our current and future clients. With Verysell providing local support, Open Link’s products will become a key part of the market in this region, ensuring our Russian and CIS client base will come to regard Open Link as the best solution available.”

About Open Link

Founded in 1992, Open Link is a leading developer of cross-asset trading, risk management, and related operational and portfolio management software. Open Link’s diverse client base of over 125 customers worldwide includes 10 of the top 25 largest energy companies by market capitalization, eight of the largest financial institutions and seven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, and Sydney, Open Link has 560 employees worldwide.

About Verysell Projects

Verysell Projects was founded in 1998, and, as lead contractor, manages unique large-scale projects in the field of information and communication technologies across Russia and the CIS. Verysell Projects is a member of Verysell Group of Companies. The client list of Verysell Projects includes leading Russian and foreign enterprises specialized in a number of business and industry sectors (oil/gas, electric power, banking and financial services, telecommunications, etc.), as well as government agencies and institutions.

About the Verysell Group of Companies

The Verysell Group of Companies operates in the field of information technology since 1990 and holds a leading position in the areas of systems integration, IT and management consulting, industrial automation, and the distribution of products by leaders of the global IT market. The companies comprising the Group carry out their activities in Russia, Ukraine, Kazakhstan, and other CIS countries. The ultimate goal of all activities conducted by the Verysell Group of Companies is to optimize and increase efficiency of business processes in Russian enterprises, to enhance the information support of government administration, and to improve data exchange in contemporary Russian society. More detailed information on the Verysell Group of Companies is available on the corporate website at http://www.verysell.ru.

Editorial Contacts

e-mail: Stephen Amador
Director of Marketing
Open Link
Direct phone: +1 516 394 1274

e-mail: Dan Barnes
Account Director
Penrose Financial
Direct phone: +44 (0) 207 786 4877

Verysell Projects:

e-mail: Marina Rumyantseva
PR Director
Verysell
Direct phone: +7 (495) 705 9194 /

e-mail: Anna Golubtsova
PR Manager
Verysell
Direct phone: +7 (495) 705 9194 /