NWP and Converged Services Inc. Form Strategic Alliance to Manage Contracts, Increase Cable and Telecom Revenue for Property Management Companies

IRVINE, CA--(Marketwire - Mar 6, 2012) - NWP Services Corporation (NWP), a leading provider of financial transaction processing solutions to the multifamily housing industry, and Converged Services Inc. (CSI), the largest Cable TV consulting firm in the nation, today announced the completion of a strategic alliance to provide expanded telecommunications services to apartment communities across the United States.

"Telecommunications services, be they voice, internet or video, are essential and increasingly critical resident services delivered at the property and enterprise level," said Jim Charles, senior vice president, NWP. "By incorporating CSI's services into NWP's suite of solutions, our clients have better telecommunication options with the various providers to match their operational and financial needs."

As part of the alliance, the companies will negotiate and manage agreements for voice, video, data and other services based on their combined experience in the telecommunications and utility management industries. In addition, the companies will coordinate structured cabling, access control, audio-video and other resident home services.

"CSI's residential Cable TV, phone and Internet contract management services coupled with NWP's billing, metering, payments and energy advisory services is a natural partnership," stated Jason Scutt, a principal of CSI. "In addition to increasing the apartment owner's bottom line through improved efficiencies and capturing new revenue streams, this partnership begins the process of enabling enhanced services like wireless metering, mobile bill paying, home monitoring and more."

These services are available to multifamily companies, regardless of size or choice of property management software.

About NWP Services Corporation
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial transaction processing services for the multifamily industry including resident billing, resident payment and utility management. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend, increasing in Funds from Operations (FFO), Net Operating Income (NOI) and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.

About CSI
Converged Services Inc. is an independent consulting firm representing the interests of developers, apartment owners and master planned communities for current and renewing cable television, Internet and technology service contracts. CSI has uniquely represented this space across the country for more than 15 years with a portfolio of well over one million doors. For more information, visit www.convergedservicesinc.com.