Quorum Introduces LNG Management Software

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Industry's first commercially developed LNG Terminal Transaction Management System

Quorum Business Solutions, Inc. (Quorum), a leading provider of software solutions for the oil and gas industry, announces that Quorum LNG Transaction Management (QLNG), the first commercially developed LNG terminal transaction management system for the energy industry, is live and managing transactions from inbound cargoes.

"As the world's energy demands continue to grow, so does the global LNG marketplace," says R. Scott Leeds, President and COO of Quorum. "Quorum's LNG solution effectively automates and streamlines transaction-related activities for regasification terminals, freeing clients to focus on optimization of their business operations."

QLNG is designed to allow partners in LNG terminal facility operations to efficiently manage transactions with customers on their system, including contracts, vessel scheduling, redelivery nominations and scheduling, inventory accounting, and back office accounting. The solution enables multiple gas operators and shippers to work within a single LNG terminaling environment, which increases efficiency in terminal and customer transactions. Additionally, QLNG supports faster decision-making by reducing cycle times.

About Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 300 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 90 clients, among which 25 Fortune 500 Companies are represented. Throughout its ten year history, Quorum has successfully completed over 400 business and information technology projects.

The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

For more information, visit Quorum's web site at http://www.qbsol.com or call us at 713-430-8601.


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Jessica Sumners
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