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Network Optimum & OILspace sign International Reseller Agreement

Amsterdam, August 8, 2007 -- Network Optimum, www.networkoptimum.eu, an IT Solutions & Strategic Services provider to the process industry sector, and OILspace, a leading provider of real-time, on-demand supply chain management and market information applications for energy companies today announce a wide-reaching agreement to resell OILwatch.

OILwatch is a real-time and historical energy and metals market data portal with analytical tools, and news and prices from global industry exchanges and media sources. Under the agreement, Network Optimum will market and resell OILwatch in the Nordic region, Eastern Europe including the Baltic States, the Benelux, Middle-East and Africa.

"We believe OILwatch is a leading and technologically advanced market data portal", says Wouter de Klein, Business Development Manager with Network Optimum. "OILwatch is a solid addition to our footprint of solutions for oil & gas organizations and will drive business significantly throughout the years ahead".

As a reselling partner of OILwatch, Network Optimum will closely work together with the OILwatch team to ensure continous product excellence, maximize revenue and customer retention. With skilled market data professionals in both organizations new OILwatch users will benefit from the combined years of oil & gas experience.

'We are excited to be working with the experienced team at Network Optimum and look forward to further strengthen OILwatch marketshare utilizing this promising partnership agreement', says OILspace VP of Sales Amir Kazmi.

With immediate effect Network Optimum has started activities in aforementioned regions.

About Network Optimum:
Network Optimum is a fast-growing ICT services group active globally. The company is led by a seasoned management team, with experience in companies like i2 Technologies, SAP, Shell, InterAccess, Quaker, and others. Its three business units Channel Management, Strategic Consultancy and Software Development focus on the sales, marketing, distribution, and development of ICT products and services for the process industry sector. Together with a strong network of partners and strategic consultants, Network Optimum strives for the lowest total cost of ownership for its customers, achieving competitive advantage and creating agile organizations.

www.networkoptimum.eu

About OILspace®:
OILspace is a leading global provider of real-time on-demand, web-based applications for oil, gas and petrochemical marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI). OILspace applications include OILwatchsm, the real-time and historical market data portal with analytical tools, and news and prices from global industry exchanges and media sources. OILwatch is flexible and mobile and fully accessible via any internet enabled device, including workstation, laptop, Pocket PC, PDA and BlackBerry devices. ASPect Office®, a suite of integrated front and mid-office applications, solves supply chain challenges, and links operations, processes and data across multiple offices and assets. It provides management with visibility and the tools to measure, manage, monitor and improve business through performance metrics.

www.oilspace.com

OILspace Global
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046

OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075

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