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8760 Inc.’s InsideAgent for Energy Selected by Agway for Internet Data Transport Mechanism in Competitive Markets

May 1, 2002 - Birmingham, AL

8760 Inc. today announced that Agway Inc., a major agricultural cooperative with a large energy subsidiary, has chosen InsideAgent for Energy, formerly known as GISBAgent, for energy transactions over the Internet.

Jim Buccigross, vice president of 8760 Inc.’s energy practice, said, “We’re very pleased that Agway selected InsideAgent, which is recognized as the leading electronic commerce solution for the new, evolving energy marketplace.

“Agway’s choice of our product also is a further demonstration of the applicability of NAESB standards to the retail energy market, both for regulated utilities and energy services companies (ESCOs),” said Buccigross, who chairs the NAESB Executive Committee.

Rock Carbone, manager of information systems for Agway Energy Products, said his company chose InsideAgent for Energy for their transactions in New York’s deregulated energy market and plans to use the 8760 Inc. software in the deregulated Pennsylvania market as well.

“We chose InsideAgent for our application because it’s a software solution that best fits our strategic direction,” Carbone said. “The fact that it’s the leading product in the market gave us confidence.”

In all, over 40 energy distribution and marketing companies throughout the nation have implemented InsideAgent for Energy, the most widely used method for exchanging mission-critical data between deregulated electric and gas utilities and their trading partners over the Internet. InsideAgent for Energy is the only software solution that has received 1.5 certification from the North American Energy Standards Board (NAESB), formerly the Gas Industry Standards Board (GISB).

Agway Energy Products is a wholly owned subsidiary of Agway Inc., based in Syracuse, N.Y. Agway Energy Products provides energy fuels, equipment and service to more than 500,000 customers in homes, farms and businesses throughout Pennsylvania, New Jersey, New York and Vermont.

8760 Inc. has been helping energy companies leverage technological and regulatory changes since 1996. Additional information on 8760 Inc. is available on the Internet at http://www.8760.com or by contacting Helen Markland at (205) 802-7569.