WATERLOO, ONTARIO–(Marketwire – Sept. 24, 2007) –
(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)
Symbility Solutions Inc. (www.symbilitysolutions.com), a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce a partnership with Enservio, Inc. (www.enservio.com), the leading provider of contents pricing and services to the property and casualty insurance industry.
Enservio provides a complete range of contents solutions to a variety of organizations, efficiently gathering, appraising and managing the entire content value chain.
Enservio clients represent a majority of the top 50 property insurance companies in the United States. Enservio’s services span from a national team of field inventory specialists to expert valuation services to product replacement. The Enservio executive team brings with them over 80 years of P&C claim experience and over 30 years of software development and contents management experience. They are continually introducing groundbreaking innovation in the contents solution space.
“Groundbreaking strategic partnerships like this do not happen very often. Symbility’s market presence skyrockets as a result of Enservio’s credibility and relationships within the Top 50 Property Insurance Companies in North America” notes Boris Znebel, President of Symbility Solutions. “By integrating both of our technologies, customers will now have the ability to process content claims, while they are completing their estimate. No extra steps are required at all, it is seamless. With a partner like Enservio, we expect our execution strategy over the next few quarters to be very exciting.”
“We are very pleased with the early momentum that we have been able to create with Symbility” adds Jon McNeill, Chief Executive Officer at Enservio. “They understand big picture thinking, have a robust pen-based field application, and have an exceptional customer service record. Both of our companies believe strongly in open systems that freely trade information across all provider platforms. We believe that together we can achieve great things.”
About Enservio
Enservio is the global leader in contents property valuation solutions for the insurance industry. They provide a complete range of contents solutions to organizations, efficiently gathering, appraising and managing the entire content value chain. Enservio’s services span from web-based software to field inventory to claim process management and valuation services to product replacement.
Enservio is headquartered in Natick, Massachusetts, with offices and professional staff located throughout the United States.
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 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 local insurance brokers for approximately 34,000 employees across Canada.
All trade names are the property of their respective owners.
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. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.