WATERLOO, ONTARIO–(CCNMatthews – May 2, 2007) – Symbility Solutions Inc. (www.symbilitysolutions.com), a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce a new milestone in the adoption of its mobile claims processing solution as this week it exceeded 6,000 registered users.
The user base is comprised of now more than 700 independent companies across Canada and the United States. These independent companies include insurers, restoration contractors and independent adjusting firms across North America. The combination of a more streamlined rollout of existing customers, new contracts and insurance companies in phase 1 implementation is fueling this continued growth.
“When we signed our 600th company on to the system, our user base was only 3,500 strong. Having the next 100 companies nearly double our user base is an indication that we are penetrating larger organizations and they are rolling out faster than in previous years,” states James Swayze, CEO, Automated Benefits Corp. “Having the data to support our value proposition is allowing us to get the attention of the bigger players in the market and with each of our customers acting as a reference account, everyone knows we can deliver the results in a timely fashion.”
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.
For more information about the Symbility mobile claims solution, please visit www.symbilitysolutions.com.
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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.