Press ReleaseSource: NWP Services Corporation

NWP Services Corporation Announces Agreement With BroadRamp Inc.
Tuesday August 19, 2008 9:05 am ET

BroadRamp's Managed Content Delivery System Will Be Used to Deliver Advanced Training Technologies and Services to NWP Customers

IRVINE, CA--(MARKET WIRE)--Aug 19, 2008 -- NWP Services Corporation (NWP) today announced that it has contracted with BroadRamp Inc., creator of the Managed Content Delivery System (MCDS(TM)), to build a distance learning platform that will deliver training to NWP's customers.

NWP offers financial transaction processing solutions to multifamily owners and managers, including utility and rent billing, rent payment processing and utility invoice payment. NWP's customers, especially property-level managers, need access to information on how to implement, execute and manage their NWP-provided programs. BroadRamp's technology will enhance NWP's current training program with greater automation plus offer improved features and functionality. NWP will use MCDS to develop, consolidate, deliver and track training to and for its customers.

"MCDS from BroadRamp will give NWP a powerful and time-saving set of capabilities that will allow the company to create and deliver training courses and measure learning results. Its architecture enables comprehensive access for seamless information sharing," stated Greg Nakagawa, Chief Executive Officer of BroadRamp Inc.

"NWP selected BroadRamp to enhance and deliver its training services platform in large measure because of its ability to deliver training services in a manner that is high speed, low cost, highly interactive and extremely sensitive to end user skills," stated Michael D. Radice, president and CEO of NWP. "We are committed to providing our customers the systems they need to help advance their knowledge about how to maximize the NOI benefits of the services NWP offers."

The entire project is expected to be completed by November 2008.

About NWP Services Corporation:

Headquartered in Irvine, California, NWP Services Corporation (NWP) serves the multifamily housing industry as its leading financial transaction processing provider. NWP is known for its industry expertise delivering proven results and exceptional quality in resident billing, resident payment processing and utility management.

Resident billing by NWP helps property owners offset their utility expenses. The company's utility cost recovery team allocates utility charges to residents and prints and sends the bill; NWP's billing options now include convergent-or "rent-inclusive"-billing through its Resident OneBill service. Complementing its billing services, the company's electronic resident payment processing service, called Resident ePay, enables residents to pay their rent, utilities and other monthly charges online or at the rental office with funds transferred to the property's bank account electronically. Resident ePay gives residents convenience and choice and enables owners to access cash faster. In addition, with its UtilityPay Manager program, NWP processes and pays invoices sent to customers' properties by utility companies. UtilityPay Manager helps customers reduce time spent on administrative bill payment work and provides them with valuable utility data and additional cost management opportunities, including recovering expenses from residents when they fail to transfer utilities into their own name.

NWP's offerings are available as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve NOI and FFO and boost resident satisfaction. Additional information is available at www.nwpsc.com.

About BroadRamp Inc.:

BroadRamp Inc. delivers the only seamless, universal content and application delivery platform, Managed Content Delivery Services(TM) (MCDS(TM)). The unique compression approach and embedded player architecture of MCDS(TM) enables quick-launch, full-screen high definition quality video (WebHD(TM)) with Dolby 6.1 Surround Sound. The MCDS(TM) compression reduces media file sizes by 50-90% while maintaining quality levels and delivering an outstanding user experience. Headquartered in San Antonio, Texas, BroadRamp is a privately held, venture capital-funded company. For more information about BroadRamp and MCDS(TM), please visit the company's Web site at www.broadramp.com.


Contact:
     Contact for NWP Services Corporation:
     David Collins
     949-253-2589
     Email Contact
      

Source: NWP Services Corporation


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