DSTME Datastream Systems (MM)

Vermilion Energy Trust Deploys Datastream 7i for Management and Maintenance of Oil and Gas Installations Asset Performance Management Solution to Simplify Production and Management at Nineteen Gas Fields and Fifty Oil Sources for Second-Largest Onshore Operator in the Netherlands GREENVILLE, S.C., May 18 /PRNewswire-FirstCall/ -- Datastream Systems, Inc. (NASDAQ:DSTME) today announced that Vermilion Energy Trust, the second- largest onshore operator in the Netherlands, has deployed the Web-architected Datastream 7i(TM) Asset Performance Management solution. Vermilion, which is responsible for the production and management of nineteen gas fields and fifty oil sources, is using Datastream 7i to optimize the management and maintenance planning for its oil and gas extraction processes in Harlingen, Garijp and Middenmeer. Datastream 7i enables Vermilion to schedule and perform preventive maintenance, automate the work-order process, and reduce inventory and procurement costs. Vermilion has chosen to license Datastream 7i as a hosted offering, which means that the company will not have to use internal technical and administrative resources for deployment and maintenance of the software. Instead, Vermilion will rely on Datastream to handle the implementation and their software, hardware and support concerns. As a result, additional deployments -- scheduled across a number of global sites next year -- will be efficient and cost effective, and the company will enjoy the lowest total cost of ownership (TCO) in the market. "Vermilion is the latest in a long line of successful Datastream 7i deployments at multi-site oil and gas facilities around the world," said Larry Blackwell, CEO of Datastream Systems, Inc. "The benefits of the technology will be recognized immediately as the company gains increased visibility into the performance of its assets across multiple locations. The regulatory compliance, audits and safety requirements of this industry make the Datastream 7i calibration capabilities increasingly important. With an Asset Performance Management solution in place, Vermilion will be able to ensure a safe environment, make better, faster business decisions and implement standardized business processes that are based on best practices." About Datastream Systems, Inc. Datastream Systems, Inc. (NASDAQ:DSTME) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500. Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance. By using Datastream's solutions, customers can maintain and manage capital assets -- such as manufacturing equipment, vehicle fleets and buildings -- and create analyses and forecasts so they can take action to improve future performance. Datastream's flagship product, Datastream 7i(TM), delivers a complete Asset Performance Management infrastructure by combining an Internet, web services architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit http://www.datastream.net/. Datastream and Datastream 7i are marks of Datastream Systems, Inc. ("Datastream" or the "Company"). All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners. Statements in this release contain forward looking statements that involve uncertainties and risks. Factors that could cause actual results to differ materially include, but are not limited to the risk factors described in detail in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2003 and our quarterly report on Form 10-Q for the quarter ending September 30, 2004. All statements made in this press release are made only as of the date set forth at the beginning of this release. Datastream does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based. Investor Relations and Media Inquiries Lisa Anderson Datastream Systems, Inc. 1-864-422-5464 Andy Murphy SparkSource, Inc. 1-781-274-6061 DATASOURCE: Datastream Systems, Inc. CONTACT: Lisa Anderson of Datastream Systems, Inc., +1-864-422-5464, ; or Andy Murphy of SparkSource, Inc., +1-781-274-6061, Web site: http://www.datastream.net/

Copyright