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Press Release | In The News

Wellspring Voted #1 by JPM Readers

Utility Submetering Leader Captures Journal of Property Management “Readers Choice Award”

San Diego, CA (December 11, 2003) — Wellspring International, the world’s leading provider of wireless, point-of-use utility submeters for all utilities in every building type, was voted #1 submetering provider by the Journal of Property Management’s 2003 “Readers’ Choice Survey” published in the December issue.

The results were taken from a survey published in JPM’s October issue and weighed a variety of factors including product quality, customer service and ease of doing business. In all there were 12 categories of real estate management product and service suppliers. Wellspring took the top spot in the “energy/environmental” bracket.

“This is our first year of conducting our ‘Readers’ Choice’ survey. We find the survey useful in terms of gauging the performance of multifamily service providers.” said John Martens, JPM publisher. “According to our readers, Wellspring International was clearly the preferred submetering provider for 2003. We congratulate Wellspring on its first-place finish.”

“We are delighted to be recognized by the readers of JPM who chose Wellspring as the multifamily industry’s top-rated utility services company,” said Brian Brittsan, president, Wellspring International. “We view ourselves as a sub-utility serving resident needs. This focus has resulted in giving property managers what they have long demanded—happy residents and the industry’s highest collection rate.

About Wellspring
Wellspring is the world’s most complete water and energy sub-utility offering metering systems—as well as reading, billing and collecting services—for all building types. Wellspring is based in San Diego, California and Bristol, Pennsylvania. For more information, call 858-824-0900 or visit www.wellspringwireless1.com.

For more information, contact:
Wade Smith, CEO, (858) 824-0900
wsmith@wellspringwireless.com