TORONTO, ONTARIO–(Marketwire – Dec. 16, 2008) – Automated Benefits Corp. (the “Corporation”) (TSX VENTURE:AUT) announces the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on December 11, 2008 (the “Meeting”). The Corporation hereby advises of the following voting results obtained at the Meeting:
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Item Voted Upon Voting Result
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The election of the following persons, being nominees The resolution was
proposed by the management of the Corporation, as approved by
directors of the Corporation: James R. Swayze, shareholders on a
G. Scott Paterson, Robert W. Tretiak, Alan Ryder and show of hands.
Kaleil Isaza Tuzman.
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The reappointment of Ernst & Young LLP, Chartered The resolution was
Accountants, as auditors of the Corporation for the approved by
ensuing year and the authorization of the directors to shareholders on a
fix their remuneration. show of hands.
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The resolution in the form included in the Information The resolution was
Circular ratifying the Corporation's stock option plan. approved by
shareholders on a
show of hands.
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The Corporation also announces that it has entered into a Consulting Agreement (the “Agreement”) with Boardmarker Group, a firm providing consultation services related to investor relations activities.
As part of this Agreement, 300,000 stock options were granted to Boardmarker Group effective November 1, 2008, over the course of two years, with 150,000 options vesting each year. The options will vest in three equal tranches and are priced at an exercise price of $0.10, $0.20 and $0.35 respectively. The options may be exercised up to the earlier of the fifth anniversary of the grant date and 30 days following termination of the Agreement. The granting of the stock options are subject to regulatory approval. Mr. Jason Bray, President of Boardmarker Group, will be leading the investor relations efforts on behalf of Automated Benefits Corp.
Boardmarker Group Ltd., operating out of Calgary, Alberta, is a full-service Investor Relations and Financial Consulting organization focused on enhancing the value of public companies. Their services are specifically suited to each company’s unique requirements, and are aimed at maintaining existing shareholder base and increasing the number of potential investors researching the company. Through timely and efficient dissemination of corporate literature to targeted audiences, Boardmarker Group will assist the Corporation in creating and sustaining a positive corporate image and maximizing the Corporation’s market value.
For more information on Automated Benefits Corp., visit www.automatedbenefits.com.
About Automated Benefits Corp.
Automated Benefits Corp., headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions Inc. is in the business of automating insurance claims. Its award-winning mobile claims solutions are designed to increase the speed and accuracy of damage claims processing by allowing claims adjusters, carriers, and restoration contractors to process claims on-site, resulting in increased customer satisfaction levels. Handwritten notes and post-inspection data entry are eliminated. Complete mobility provides the means to access key information on location and instantly settle claims up to three times faster and with greater accuracy, thereby reducing adjusting expenses and lowering indemnity.
Automated Benefits Inc. provides a software solution for the adjudication of health and dental claims. Adjudicare software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Automated Benefits Inc. enables their clients to provide an additional level of value-added service in a very cost effective manner.
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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.