Enterprise Asset Management

MINNEAPOLIS, MN - June 2, 2009 - Verisae, a web-enabled site and asset management software and services company, today announced The Great A&P Tea Co. of Montvale, NJ has contracted with Verisae for Enterprise Asset Management and Refrigerant Management software and services.

A&P's goal of eliminating paper in the maintenance process and achieve lower Total Cost of Ownership for its assets were main drivers for the selection of Verisae. Verisae's software is being used to gain control of maintenance expenses for over 400 stores.

"Verisae's software has dramatically reduced the amount paper in our department and streamlined approval processes. Information is now available to store managers and team members to help make better decisions," said Brian Lake, Senior Director of Maintenance at A&P's headquarters. "We get real-time reports with online visibility of "work in progress", actual vs. budget expenditures, better asset repair/replace information, and we eliminate duplicate service calls. This information is organized and useful for the first time using Verisae."

A test pilot program of 77 stores; complete with asset tagging, business process consulting, and contractor training was started last year. Today over 230 service providers use the system, on behalf of A&P, to electronically submit work orders and populate a central site and equipment database. This data helps A&P maintain increased visibility into one of the last areas of cost reduction opportunities for most food retailers, the maintenance and repairs budget. The Verisae program is now live in over 400 sites throughout all A&P, Waldbaums, Food Emporium and Super Fresh stores.

"A&P is a great client", said Paul Wickberg, President and COO at Verisae. "We have worked closely with their team to configure the software for maximum performance; their retail experience and feedback has helped our product perform better than ever".

About The Great A&P Tea Co.
Founded in 1859, A&P is one of the nation's first supermarket chains. The Company operates 406 stores in nine states and the District of Columbia under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center and Food Basics. www.aptea.com

About Verisae
Verisae (www.verisae.com) is a leading supplier of computerized maintenance and asset management software and services with offices in the US, UK, and Asia. Verisae's enterprise asset and maintenance management software improves work flow and helps retailers reduce operating costs and meet refrigerant compliance requirements. Products include: asset management, maintenance management, enterprise energy management, service automation, and enterprise carbon tracking. Verisae provides services including site asset surveys, refrigerant inventory surveys, and consulting to assure an effective implementation of the solutions.

Verisae, Inc.

Verisae, Inc.

Verisae is a world-wide supplier of clean technology software and professional services with offices in the US and the UK providing energy management and facility automation solutions.

Verisae's proven Sustainability Resource Planning (SRP) platform improves operational efficiency, makes sustainability initiatives actionable, and reduces energy costs and emissions for distributed enterprises. We deliver a broad range of sustainability solutions to OVER 44 GLOBAL CUSTOMERS with a service network of 7,400+ THIRD-PARTY PROVIDERS consisting of 63,000 SYSTEM USERS. Our integrated platform actively tracks over 2.4 MILLION MANAGED ASSETS across 21,000 SITES. We help measure, manage and monetize energy costs and carbon emissions. We are uniquely position to help organizations prove return on investment (ROI) sustainability initiatives.

Verisae started in 2000, and began providing Sustainability OnDemand™ software. To Verisae, "sustainability" is defined as the best use of assets over the life of those assets. We provide an ASP model hosted application serving multi-site enterprises.

Our sustainability solutions are comprised of modular applications under the broad categories of Asset Management and Energy & Emissions Management. While the modules are separate, they are not necessarily distinct. Underneath Energy & Emissions, our applications provide a broad set of capabilities including real time energy monitoring, utility bill processing and payment, Active Energy Response™, Energy asset surveys, energy load surveys, Active Energy Dispatch™, and Rebate and Incentive Libraries. Our core competencies consist of hosted sustainability software applications serving multi-site clients. www.verisae.com

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