Houston, Texas – September 18, 2003 — PROS Revenue Management, a world leader in pricing and revenue optimization science and software, and the pioneer and dominant provider of revenue optimization to the travel and transportation industry, today announced that Dwayne Sablatura, Director of Professional Services at PROS Revenue Management will be a speaker at this year's GasWeek Conference, delivering expertise on "Using Technologies to Maximize Pipeline Return" on September 24, 2003.
As profits shrink and competition grows, companies in all industries must find ways to get the most out of their business. It often requires a different view of products, services, and prices. Pricing and Revenue Optimization has been used for years by many industries, and these same methodologies can be applied to energy companies. By balancing available capacity with market demand and pricing, companies can seek to extract the optimal profit from their business activities. Pipeline companies and trading companies can optimize their portfolios so that they sell the right product to maximize profit. This technology is available to increase revenue and efficiency while spurring innovation.
The PROS Pipeline Revenue Optimization System has demonstrated a revenue lift of 7-18% for firm transportation services. It allows natural gas pipelines to maximize revenue from the sale of transportation capacity. The system uses PROS' mature forecasting technology to forecast the customer utilization of existing firm contracts. PROS' network optimization technology identifies revenue maximizing sales opportunities. The network optimization can also be combined with a forecast of demand for firm transportation contracts to provide pipeline capacity marketers with an optimal marketing plan that maximizes revenue from the sale of available capacity.
The GasWeek Conference, to be held September 23-24, 2003 at the George R Brown Convention Center in Houston, TX focuses on business and technology issues that impact the industry from production through consumption. Experts throughout the industry will address both high-level strategic sessions and in-depth individual sector challenges. Attendees will benefit from 'big picture' gas industry trends and forecasts, as well as gaining knowledge within their specialized area of expertise. The GasWeek Conference offers all attendees the opportunity to network with the entire industry at one meeting place - contributing to an industry-wide solution to impending natural gas supply challenges.
"PROS is pleased to be able to present to the GasWeek audience for this 2003 Conference," states PROS Chairman and CEO, Bert Winemiller. "Given the current economic climate, executives need to focus on revenues, profitability, and the technological innovations that will keep them ahead of their competition. PROS is helping companies accomplish these goals."
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