FCStone Carbon Partners with ClimateSuite on Carbon Credit Management Platform

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November 23rd, 2008 Leave a comment Visited 19 times, 1 so far today

FCStone Carbon, LLC has signed an agreement to license the ClimateSuite™ enterprise platform from TeraVista Systems, LLC. ClimateSuite is an on-demand back office system that manages emerging carbon offsets by automating the enrollment, verification, registration and aggregation workflow, as well as interaction with exchanges.

“Utilizing the ClimateSuite application will not only assist in verification and automation of carbon credits, but will also reduce costs of managing and registering carbon credits,” said FCStone Carbon President Mike Knobbe. “Additionally, the platform will add value and revenue to our large grain elevator network and producers through streamlining our services at a localized level.”

As part of the license agreement, FCStone Carbon will have access to a separate module within ClimateSuite called ClimateVerify™ for agriculture soil carbon verification. ClimateVerify utilizes third-party data to identify each parcel of land and verify the percentage of crop residue or conservation tillage practices for carbon sequestration.

“We are excited to have FCStone Carbon as an early adopter and partner on the ClimateSuite enterprise platform and other modules. The use of ClimateVerify will assist FCStone by reducing cost and minimizing manual error all while increasing verification among all acres,” said TeraVista Systems President Mark Green.

The platform will control inventory management and be a centralized repository for FCStone Carbon, LLC., which according to Knobbe will reduce overall costs for projects and streamline operations.

About TeraVista Systems Holdings, Inc.

TeraVista Systems Holdings, Inc.™ is a provider of on-demand environmental commodities management applications for brokers, verifiers, aggregators and offset providers. Our ClimateSuite™ application is designed to help companies work faster and more efficiently by automating and streamlining the complex processes in the climate commodities trading space. Our services include portfolio management across all communication channels that include: project enrollment, verification, registration, and aggregation that result in tradable commodities. The company provides stand alone automated verification services that increase the integrity of carbon offset credits, while reducing the cost and increasing verified tonnes. To find out more about these market leading services, please visit www.climatesuite.com.

About FCStone Group, Inc.

FCStone Group, Inc., along with its affiliates, is an integrated commodity risk management company providing risk management consulting and transaction execution services to commercial commodity intermediaries, end-users and producers. The firm assists primarily middle market customers in optimizing their profit margins and mitigating exposure to commodity price risk. In addition to risk management consulting services, FCStone, LLC, operates one of the leading independent clearing and execution platforms for exchange-traded futures and options contracts. FCStone Group, Inc., serves more than 8,000 customers and in the 12 months ended August 31, 2008, executed 100.0 million derivative contracts in the exchange-traded and over-the-counter markets. The FCStone Group companies work in all the major commodity areas including agriculture, energy, renewable fuels, foods, forestry, cotton and textile, dairy and currency exchange. Headquartered in the Midwest, it has offices located throughout the world and is a clearing member of all major North American futures exchanges. FCStone Group, Inc., trades on the NASDAQ Global Select Market under the symbol “FCSX.”

Forward Looking Statements

This press release may include forward-looking statements regarding, among other things, our plans, strategies and prospects, both business and financial. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words “believe,” “expect,” “anticipate,” “should,” “plan,” “will,” “may,” “could,” “intend,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms and similar expressions, as they relate to FCStone Group, Inc., are intended to identify forward-looking statements.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the Company’s filings with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release. Our forward-looking statements speak only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

FCStone Carbon, LLC
Mike Knobbe, 515-273-4052
President
mknobbe {at} fcstone(.)com
or
TeraVista Systems, LLC
Mark Green, 314-480-5886 ext: 801
President/CEO
mark.green {at} tera-vista(.)com





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