SOURCE: NWP Services Corporation

April 22, 2008 18:00 ET

Michael Foote Joins NWP Services Corporation as Regulatory Counsel

IRVINE, CA--(Marketwire - April 22, 2008) - NWP Services Corporation (NWP), the leading provider of proven financial transaction processing solutions for the multifamily housing industry, today announced that Michael Foote has joined the company as Regulatory Counsel.

Prior to joining NWP, Mr. Foote served as General Counsel and Regulatory Affairs Manager for ista North America. Additionally, he has been actively involved with the National Submetering and Utility Allocation Association (NSUAA), most recently serving as Vice Chairman on the Board of Directors. Through his work in the areas of submetering and billing, Foote has gained valuable experience in the lobbying, advocacy, technical, customer relations, operations and litigation arenas and is one of the few experts on the regulatory aspects of the multifamily housing industry.

Foote has extensive previous experience with regulatory compliance, rule making and interpretation, as well as a background in litigation and transactional work. He served as an Attorney with White and Jankowski L.L.P., specializing in water rights and water quality in Colorado. He held the same position with The Overton Law Firm, where he specialized in commercial advisement and litigation with a concentration on special districts. Prior to his career as an attorney, Foote worked for the National Conference of State Legislatures and was twice published in their State Legislature magazine. Foote attended and received a J.D. from the University of Denver Sturm College of Law, with an emphasis on Environmental and Natural Resources Law.

"NWP is very pleased to be able to add someone of Michael's experience and expertise to our company and more specifically to our regulatory and compliance services capabilities. The importance of regulatory expertise and NWP's awareness of the reliance that informed customers place on access to this industry knowledge has been a cornerstone of NWP's overall service offering," said Lana Reeve, NWP's General Counsel. "Today's legislative and regulatory arenas are being driven by increasing attention to the public policies designed to motivate the 'green practices' of property owners and developers and to protect public and community interests. Regulations surrounding water conservation are central to these actions and NWP is committed to being a responsible participant in these areas and ensuring that the interests of our customers are the best served in this industry. The addition of Michael to NWP's Legal department together with current NWP Regulatory Counsel and industry expert Brian Willie, will clearly establish NWP as the industry leader in regulatory affairs."

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.

Contact Information

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