SolArc

March 21, 2005 17:16 ET

SolArc Wins Contract from German Giant Marquard & Bahls; Oil Trading Subsidiary Mabanaft Implements SolArc's Fuel Supply Management Solution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SOLARC

MARCH 21, 2005 - 17:16 ET

SolArc Wins Contract from German Giant Marquard &
Bahls; Oil Trading Subsidiary Mabanaft Implements
SolArc's Fuel Supply Management Solution

HOUSTON--(CCNMatthews - Mar 21, 2005) -

SolArc, Inc., a leading provider of enterprise supply and trade
management solutions for the global energy industry, has been selected
by Hamburg-based Marquard & Bahls to provide SolArc's supply and trade
management solution, SolArc RightAngle, to multiple locations of
Marquard & Bahls' oil trading subsidiary, Mabanaft.

Marquard & Bahls is - through Oiltanking - one of the world's leading
providers of commercial storage for crude oil, petroleum products, and
chemical liquids, as well as one of the largest independent petroleum
wholesalers and importers in the European Union through Mabanaft.
SolArc's implementation will begin with a pilot project at Mabanaft
Ltd., based in the United Kingdom, and continue at other Mabanaft
locations.

SolArc underwent a rigorous evaluation by Mabanaft and was selected from
a large group of alternative suppliers, said Erik Rietkerk, managing
director, Mabanaft.

"Our team determined that SolArc RightAngle provided the best fit in
managing our diverse business segments and the risks associated with
these businesses," said Mr. Rietkerk. "Cash management is critical to
our business. SolArc RightAngle will provide additional value to
Mabanaft by allowing us to grow our current business segments and to
explore new businesses ventures with minimal or no additional costs."

Since it was launched in 1994, SolArc RightAngle has become the leading
supply and trade management solution for the crude oil, refined
products, coal, natural gas liquids and aviation fuel commodities.
SolArc RightAngle offers enterprise integration between traders,
schedulers and accountants, providing each with the best available,
up-to-date information needed to manage complex trading activities.
SolArc RightAngle's architecture is built to interface seamlessly with
leading ERP, advanced risk management and financial management systems.

"We are extremely excited about this opportunity because it represents
our first European customer since we opened our office in the United
Kingdom," said Ray Hall, vice president of sales, EMEA (Europe/Middle
East/Africa). "SolArc RightAngle is particularly suited for European
energy companies because of its ability to handle multiple currencies,
its highly flexible tax engine and capability to integrate several modes
of transport."

About SolArc, Inc.

SolArc, Inc., is a leading provider of enterprise supply and trade
management solutions for global energy companies. The flagship product,
SolArc RightAngle, integrates deal capture, scheduling, inventory
management, pricing, accounting, credit, position reporting and risk
analysis in a single platform solution. Customers receive competitive
advantages from reduced transaction costs and improved supply decisions
based on accurate position reporting and inventory management. For more
information on SolArc's products, contact SolArc at
http://www.solarc.com.

About Marquard & Bahls (Mabanaft)

Mabanaft is a division of Marquard & Bahls, a privately owned German
company. Through its Mabanaft division, Marquard & Bahls is one of the
largest independent petroleum importers and wholesalers in the European
Union; and through its Oiltanking division it is one of the world's
leading providers of independent storage for crude oil, petroleum
products, and chemical liquids.

SolArc is a registered trademark of SolArc, Inc. Other names may be
trademarks of their respective owners.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Pierpont Communications, Inc., Houston
    Victor Tsai, 713-627-2223 ext. 107
    vtsai@piercom.com
    or
    SolArc, Inc.
    Angela Wisdom, 888-594-7320 USA
    1-918-732-7275 International
    awisdom@solarc.com