HOUSTON, May 24 /PRNewswire/ -- International Energy Partners, LLC has entered into a long-term licensing agreement with Cynet Interactive (Nasdaq: CYNE - news) to secure the ADC2000(TM) engine to power its NRGLINE.COM energy trading B2B website. ``We are very excited to have long- term access to this very powerful and comprehensive software and also to the brilliant people who will help us stay on the cutting edge of technology. We clearly now have the edge in the energy sector to deliver maximum value to our clients both now and on a continuing basis in the future,'' said Steve Leahy NRGLINE'S CEO. ``The beauty of this system is its adaptability to cover nearly all energy applications including wholesale and downstream distribution all the way to the retail level,'' he said.

NRGLINE.COM was created by this brokerage company last year in response to energy companies' desire to capture the benefits of emerging technology to reduce cost and streamline operations while ensuring unbiased, impartial real- time spot market transactions. The company launched the website into simulation in January of this year and plans to go live in June.

Unlike the vast majority of other sites, the company to date has declined energy industry investment in an effort to maintain total neutrality and avoid any potential anti-trust issues that are gaining prominence. ``We have done things a bit different in our approach,'' said Leahy. ``We built our system before we announced it and secondly, we believe the only truly neutral system must be owned independently and managed by brokers who know the business but by definition have no other interest other than matching buyers and sellers. If we stay focused solely on delivering real value to our customers we will win in the end despite other larger and higher capitalized competitors.''

NRGLINE.COM will initially provide four interactive ``trading pits'' which will encompass every major trading origin in the continental United States including Houston, Texas City, Beaumont, New Orleans Area, Chicago, the Mid- West, New York Harbor, Los Angeles, San Francisco and others. Featured products include refined petroleum products like gasolines, distillates and jet fuel, refinery feed and blendstocks including naphtha, vacuum gasoil and fuel oils, natural gas liquids and commodity petrochemicals. ``The beauty of this system is its simplicity, wide range of capabilities and ease of use,'' a major oil company supply manager said.

The company plans to expand into natural gas and crude oil in the very near future through a merger or strategic alliance. ``It is important to secure core competency in each area of coverage. Crude and natural gas are not our areas of expertise although our system will be made to order to trade these products,'' Leahy says. The company is also aggressively pursuing existing and new relationships in Northwest Europe, Latin America and the Far East to execute its strategy to integrate its digital system worldwide by the middle of 2001.

SOURCE: International Energy Partners, LLC