Claimsnet Announces New Contract With Managed Care Group DALLAS, Dec. 3 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare industry, announced today that a non profit, provider owned, managed care group has elected to use Claimsnet's system and services. This company, headquartered in Tennessee and sponsored by a regional medical center, has over 230 employees and over 2000 participating providers in its network. As well, they provide wellness and disease management programs to help physicians provide the best quality of care to members. The company will use Claimsnet's Internet-based system and clearinghouse services to easily and accurately allow submission of health insurance claims from a wide array of providers throughout their network. "We are very pleased to be working with this managed care group. Their requirements called for a flexible and cost-effective solution and we were able to accommodate their needs," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is now in process." About Claimsnet.com -- Claimsnet is a leading provider of Internet-based, business-to-business solutions for the healthcare industry, including distinctive, advanced ASP technology for online healthcare transaction processing. Headquartered in Dallas, Claimsnet offers systems that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at http://www.claimsnet.com/ . Safe Harbor Statement Under the Private Securities Litigation Act 1995 -- With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on suppliers and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission. DATASOURCE: Claimsnet.com inc. CONTACT: Don Crosbie of Claimsnet.com inc., +1-972-458-1701, Ext. 112, or Web site: http://www.claimsnet.com/

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