MAM Maine & Maritimes Corp.

REVISED: Delinea Completes 90-Day Implementation of Financial Systems Suite for Maine Public Service DALLAS, June 29 /PRNewswire/ -- Delinea Corporation, an information technology services company working with the utility and energy industries, announced today that it has successfully implemented a comprehensive financial and integrated Utility Work Management application suite for Maine Public Service (MPS), a subsidiary of Maine & Maritimes Corporation (AMEX:MAM). Delinea will continue to manage the system for MPS as part of a long-term managed services relationship. In just three months, Delinea delivered the core ERP (Enterprise Resource Planning) system, which provides MPS with a much higher level of automated controls over financials and critical processes throughout the organization, including faster and finer detailed reporting. "Maine Public Service is focused on enhanced productivity and full compliance with the Sarbanes-Oxley Act. Consequently, migrating to a tier-one financial system was critical for creating a long-term platform for improved operations and ensuring full compliance," said Mike Eaton, Director of IT for MPS. "Our goal was to find a strategic partner versus simply a vendor to help us identify the right system to meet the needs of our organization on an extremely aggressive timeline. Delinea has exceeded our expectations in terms of strategic partnering, assisting in selection of applications, and effective and efficient execution. Delinea was able to deliver a tier-one ERP solution at a cost typically associated with a lower level solution and well within a smaller company's financial capability." Delinea's team of experts was instrumental in defining MPS's business requirements and evaluating options. The MPS/Delinea team selected Oracle's financials system, which provides robust financial data management and reporting. "Delinea ensured us of an experienced and senior team for implementation and certainly delivered. The implementation team completed the project in just 90 days. I'm unaware of a similar project being completed as quickly and effectively," said J. Nick Bayne, President and CEO of MAM and MPS. "Delinea's deep domain knowledge of both technology and our industry were the key factors for this fast implementation. This solution is not only changing and improving the way we do business; it's fundamentally changing the way we manage. Our employees are able to spend more time analyzing business information rather than simply entering data." Delinea's expertise in implementing and managing tier-one enterprise systems provides utilities, such as MPS, a number of distinct advantages. This includes more competitive cost of operations, improved financial processes, and lower application maintenance costs. "We are excited with the results at Maine Public Service," said Trey Swain, President and CEO of Delinea. "Our long-term commitment will allow us to continue to enhance MPS's technology capabilities, increase their potential for improved operations and share in the continued success of their organization. We're very proud to be MPS's partner in this endeavor." About Maine Public Service Maine Public Service Company, headquartered in Presque Isle, Maine, is a wholly-owned subsidiary of Maine & Maritimes Corporation, traded on the American Stock Exchange (AMEX:MAM). Maine Public Service is a regulated electric transmission and distribution utility serving most of Aroostook County and a portion of northern Penobscot County. For more information, visit http://www.mainepublicservice.com/ and http://www.maineandmaritimes.com/ . Delinea Corporation Delinea Corporation, based in Dallas, is a leading application and business process outsourcing company focused on the unique and dynamic needs of the energy and utility industries. Services include implementation and management of tier-one business systems that support growth and competitive strategy as well as improve compliance and reduce risks related to the regulatory and reporting issues, such as Sarbanes Oxley. Broad capabilities and skills combined with a deep understanding of energy sector business processes enables Delinea's people to clearly define issues, identify answers, and deliver results specific to each client. Delinea's 130 team members serve utilities and energy companies across North America from its Dallas headquarters and its field offices across the country. For more information, visit http://www.delinea.com/ . - Right People. Right Answers. Right Results. - MEDIA CONTACT: Lynaia Lutes Blanchard Schaefer Advertising & Public Relations (817) 226.4332 ext. 242 DATASOURCE: Delinea Corporation CONTACT: Lynaia Lutes of Blanchard Schaefer Advertising & Public Relations, +1-817-226-4332, ext. 242, or , for Delinea Corporation Web site: http://www.delinea.com/ http://www.mainepublicservice.com/ http://www.maineandmaritimes.com/

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