WATERLOO, ONTARIO–(CCNMatthews – March 27, 2007) – Symbility Solutions Inc. (www.symbilitysolutions.com), a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce that it has signed a 5 year contract with the Mercer Insurance Group to provide the company with its industry leading mobile claims processing software.
Mercer chose Symbility mobile claims over competing software vendors based on the ease of use and its mobility. Larry Crawford, Vice President, Claims, Mercer Insurance Group, states, “the mobility of Symbility’s solution gives our policyholders a more transparent view of the claims process and it will also shorten the settlement time.”
The ability to allow their internal adjustors to collaborate with both independent adjustors and contractors over the Symbility.NET web-based platform is a new value-added benefit in managing their claims process. Larry Crawford further states, “our goal to improve service to policyholders will be greatly enhanced with the Symbility product in the hands of our adjustors.”
“The addition of Mercer Insurance Group marks our first insurance company customer based in the Northeastern United States which provides Symbility with a solid partner and reference account from which to build as we have done in the Midwest”, states James Swayze, CEO of Automated Benefits. “Adding another A.M. Best “A” rated company like Mercer to our customer base is a direct result of the positive feedback provided by all of our early adopters. Symbility will be working very hard to ensure that Mercer adds to our growing list of positive testimonials.”
About Mercer Insurance Group
Founded in 1844, the Mercer Insurance Group provides property and casualty insurance products to individuals and businesses from its operations based in Pennington, New Jersey. The Mercer Insurance Group has earned an “A/Excellent” rating by the A.M. Best Company for financial stability. Mercer has grown to an organization providing fourteen lines of business in six states, through its insurance subsidiaries: Mercer Insurance Company, Mercer Insurance Company of New Jersey, Inc., Financial Pacific Insurance Company and Franklin Insurance Company. Revenues for the twelve months of 2006 were $149.9 million, with a total asset base of $507 million.
About Automated Benefits Corp. and Symbility Solutions
Automated Benefits Corp. (www.autoben.com), headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Autoben and Symbility.
Symbility Solutions (www.symbilitysolutions.com) has developed a mobile claims system focusing principally on residential and commercial property claims estimation for use by insurance company adjusters and independent contractors. Symbility has offices in Waterloo, Ontario and Montreal, Quebec.
With offices in Edmonton and Toronto, Autoben provides a software solution for the adjudication of Health and Dental claims. This software adjudicates claims in real time while providing their clients with the highest level of flexibility available and complete disclosure on the plan’s financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner. The Autoben software supports the adjudication of Health and Dental claims through the local insurance broker for over 30,000 employees across Canada.
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The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp..
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.