Viterra named best energy management/submetering company by Apartment Finance Today

Viterra Energy Services, a provider of consumption-based metering and billing of energy and water, was named best energy management/submetering company by readers of Apartment Finance Today magazine.


SAN DIEGO, Jan. 7, 2004 -- Viterra Energy Services, a provider of consumption-based metering and billing of energy and water, was named best energy management/submetering company by readers of Apartment Finance Today magazine.

The Reader's Choice Award was announced in the magazine's November/December 2003 issue.

In October 2003, Apartment Finance Today asked its subscribers to name the best providers of various financial services, management services and building products. The survey was conducted by Research USA Inc., an independent research firm. The firm sent surveys to 3,000 randomly selected developers and owners from the magazine's subscriber file. The response was impressive, with 25% of those contacted completing the survey.

According to Mike Clements, president of Viterra, "We're honored to receive this award from the readers of Apartment Finance Today, a highly respected publication in the multihousing industry. Its readers represent a cross-section of the people to whom we strive to provide superior utility billing and submetering services. Our goal is to satisfy our clients completely, and we thank the readers of Apartment Finance Today for acknowledging our efforts."

Viterra is committed to providing cutting-edge submetering, billing and energy management solutions for its clients. This past year Viterra added several new services to its marketing mix, including Utility Expense Management (UEM) and Electronic Data Exchange (EDE).

Viterra's UEM service provides reliable bill processing and payment services that substantially reduce late fees and accounts payable costs, recover energy theft, allow vacant unit cost management, recover billing errors and ensure that its clients are getting the best rates. EDE enables Viterra to upload and download its clients' resident and billing data information electronically, drastically reducing new account set-up time and increasing data accuracy.

About Viterra

Viterra Energy Services is the market leader for the submetering and billing of water and energy consumption for more than 10 million homes worldwide and 700,000 in the U.S. Viterra has operations in 28 countries, including the U.S., Germany, China and Scandinavia. The services offered to property managers, homeowners and energy utilities include the supply and installation of meters, metering and consumption-based billing, and the collection of ancillary payments. With over 100 years of experience and approximately 3,700 employees, Viterra achieved revenues of nearly $500 million in 2002.

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