SOURCE: NWP Services Corporation

November 13, 2006 09:05 ET

Madison Apartment Group Selects NWP Services Corporation as Its Exclusive Resident Billing and Utility Cost Management Provider

IRVINE, CA -- (MARKET WIRE) -- November 13, 2006 -- NWP Services Corporation (NWP) today announced that Madison Apartment Group, L.P., a premier multifamily housing provider, has selected NWP as its exclusive resident billing and utility cost management provider across its portfolio beginning with 12,500 of its professionally owned and managed apartment homes nationwide.

Owning more than 20,000 apartment homes and expanding unit growth with planned acquisitions in early 2007, Madison will significantly reduce its exposure to rising utility expenses by recovering utility cost from residents through NWP-provided programs and services, boosting the company's net operating income and financial performance.

"Madison had used several utility billing vendors for a number of years, but we felt that it was now time to consolidate all our billing services with one provider and NWP, with its comprehensive service offering, was the clear choice," said James Mathes, Chief Operating Officer of Madison Apartment Group. "NWP successfully demonstrated their ability to implement and manage our program, provide our staff and residents with first-rate customer service and they have the capability to expand with us as we grow and as our needs change."

"We are pleased with Madison Apartment Group's decision to implement NWP's resident billing program across their portfolio," said Michael D. Radice, president and CEO of NWP. "With a well-planned implementation of the program, supported with on-going quality in service, accurate and on-time billing, we will be instrumental in helping Madison achieve their overall financial objectives," added Radice.

About NWP Services Corporation:

Headquartered in Irvine, Calif., NWP Services Corporation (NWP) serves the multi-housing industry as the leading provider of resident billing solutions, including convergent billing and payment services for rent, utilities and other charges from the resident's monthly ledger; utility cost management solutions including utility cost recovery, utility data management, and conservation and irrigation control services. NWP's offerings are available for use 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 property NOI and boost resident satisfaction. NWP also provides the regulatory expertise, technology infrastructure and high quality training and support services which property owners and managers can rely upon to stay competitive and thrive in an ever-changing market. Additional information is available at

Contact Information

  • Contact for NWP Services Corp:
    David Collins
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