Enterprise Asset Tagging

MINNEAPOLIS, MN. - May 17, 2005 - Verisae, a web-enabled site and asset management software and services company, today announced it has entered into an agreement to provide asset tagging for Tesco PLC, the largest food retailer in the United Kingdom and fifth largest in the world.

Verisae will tag assets in more than 750 Tesco facilities during the next 12 months utilizing their proprietary software and tagging process. The asset data will be stored in an Oracleâ„¢ database in preparation for implementation of a new maintenance automation and asset tracking system designed to significantly streamline site and asset management for the leading UK retailer.

Each asset will be identified with a unique barcode and mapped on the building CAD (Computer Aided Design) drawings to improve management of assets. Verisae will also provide digital photography of equipment and store areas that will be linked to the asset data and design drawings. This will improve asset identification and maintenance processes for Tesco.

"We are thrilled to have been selected by Tesco for this important project" commented Paul Wickberg, President and COO of Verisae. "Tesco is one of the premier retailers in the world. Its decision to use Verisae is testimony to our unique ability to deliver a project of this scope with the accuracy and speed required in this market."

"Verisae has demonstrated their capability to deliver an accurate and accountable inventory and labeling of our key assets" commented Neil Sachdev, Property Manager for Tesco. "This asset tagging service combined with the software solutions they provide makes them a company uniquely suited for Tesco’s retailing business."

About Tesco
Tesco (www.tesco.com) is the leading food retailer in the United Kingdom with more than 1,800 retail locations. The company operates stores in the Republic of Ireland, Hungary, Poland, Czech Republic, Slovakia, Thailand, South Korea, and Taiwan. It has 326,000 staff worldwide and 45 million square feet of sales space, of which nearly 40 percent is outside of the UK.

About Verisae
Verisae (www.verisae.com) is a leading computerized maintenance and asset management company with offices in the U.S. and the UK. 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, service automation, and electronic payment of service providers. 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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