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RCG IT Contributes to API/PIDX Task Group to Create eCommerce Standards for Petroleum Industry; Standards will facilitate electronic procurement of products and services

Business Wire, June 4, 2002

Business & Technology Editors

EDISON, N.J.--(BUSINESS WIRE)--June 4, 2002

RCG Information Technology, Inc., a nationwide leader in IT professional services and IT provider to the petroleum industry, is participating in a 20-company cross industry effort of the American Petroleum Institute's (API) Petroleum Industry Data eXchange (PIDX) committee known as PIDX Complex Product and Services (Com.Pro.Serv.) Task Group.

This collaboration will complete the definition of Electronic Commerce (EC) and Electronic Data Interchange (EDI) standards to streamline the petroleum industry's upstream procurement process. API is the oil industry's primary public policy and technical organization.

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The Task Group members representing buyers and sellers are developing open and non-proprietary data exchange and communication standards to e-enable the transacting of complex services and products. The standards will be used for exchanging data associated with Business-to-Business, Business-to-Marketplace, and Marketplace-to-Marketplace transactions. PriceWaterhouse Coopers is managing the effort.

The Phase I effort includes the Extensible Markup (XML) Schema design for twelve transactions with associated data elements and tags using the RosettaNet Transport Routing & Packaging Protocol (TRP). This platform simplifies transporting data because it allows for the attachment of accompanying standard or descriptive files. It also enables reusing some pre-existing standards.

"Data content standardization has long been a concern in our industry. With the Phase II standardized forms, we will be able to increase our commercial participation across the Internet with various configuration tools," stated Jerry Hubbard, OFS Portal Vice President of Content Development and PIDX Standards Subcommittee Chair.

Phase II will generate standard service forms. It is expected to complete in the second quarter of 2002. The Task Group is focusing on thirteen upstream services, such as cementing, logging, stimulation, coil tubing and transportation. The final results will be published and will include a PIDX supported methodology to create additional service forms for other areas of the petroleum industry.

"Energy, Oil and Gas is RCG IT's largest business area representing 24% of our revenues," says Gary Payne, RCG IT Texas Regional Senior VP. "Web-enabling the petroleum industry's procurement process will help the industry reap the benefits of eCommerce and represent several billions of dollars of savings per year. We're glad to be a part of this important first step in the industry's transformation process."

ABOUT RCG INFORMATION TECHNOLOGY

RCG IT (www.rcgit.com) is a national leader in IT professional services. Practices include: Application Management, e-Solutions, Business Intelligence, Customer Relationship Management (CRM) and Project Management. The firm serves 45 of the Fortune 100 and seven of the Fortune 10 across a broad range of markets, including energy/oil and gas, financial services, insurance, pharmaceuticals, telecommunications, manufacturing and retail. RCG IT is certified company-wide at the Capability Maturity Model(R) of the Software Engineering Institute (SEI SW-CMM(R)). RCG IT is based in Edison, New Jersey, with 11 offices nationwide, a staff of approximately 1,400, an Offshore Delivery Center in the Philippines and a global recruiting engine.

Business Services Industry

RCG IT Contributes to API/PIDX Task Group to Create eCommerce Standards for Petroleum Industry; Standards will facilitate electronic procurement of products and services

Business Wire, June 4, 2002

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