NWP Board of Directors Appoints Ron Reed President and CEO of NWP Services Corporation

June 9, 2014

NWP Services Corporation's board of directors is pleased to announce the appointment of Ron Reed to the role of president and chief executive officer of NWP Services Corporation (NWP). In his new role, Ron will provide leadership to employees and overall management of the company as it continues its market leading growth in the multifamily industry.

"Ron has achieved significant results since he was made president and chief operating officer in 2012," said Jim Feuille, NWP's chairman. "The board feels our situation is right to have Ron step into his next role as CEO and, following 11 years of service, Michael Radice will depart to pursue other personal and business interests."

"Since Mike and the board motivated me to join NWP full time two years ago, I've enjoyed their support in my role working with the industry's best team to deliver exceptional results to our customers," said Ron Reed. "I look forward to continued focus on delivering the most comprehensive utility management solution in the industry."

One of the founders of NWP, Ron Reed has been serving full time on the NWP board of directors since 2005 and possesses over 25 years of business leadership experience. Mr. Reed has served in executive and board positions in both the financial services and technology industries, most recently with Seneca Partners and Endeavor Capital Management. He has served as either chairman or a member of the following boards: Michigan Venture Capital Association, Eastern Michigan University Foundation, the Michigan State University Center for Venture and Private Equity, and Adesso Solutions, among others.

About NWP Services Corporation

Headquartered in Costa Mesa, Calif., NWP Services Corporation (NWP) is an award-winning provider of utility management, energy management, electronic payments, submetering, back office accounting and IT solutions. NWP enables multihousing owners, operators and fee managers to reduce costs, create new revenue opportunities and grow their portfolios based on services that convert expenses into reliable revenue streams and provide operating cost reductions. For almost two decades, NWP has worked exclusively with multifamily owners and managers to provide a full life cycle of utility expense recovery through resident billing, invoice processing automation, utility spend management, analytics, and energy management.

For more information:

NWP Services Corporation

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