Claimsnet Contracts With New York Based Customer for Both Electronic and Paper Claims Processing Services DALLAS, Sept. 8 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare industry, announced today that a well-established non-profit Managed Long Term Care Plan has elected to use Claimsnet's system and services. This Health Plan serves members in the New York Metropolitan area and allows frail elderly and disabled adults to stay in their own homes as long as possible, while they receive high quality comprehensive care. They also have access to a wide array of social and therapeutic activities at modern Day Health Centers. The Health Plan will use Claimsnet's Internet-based system and clearinghouse services to easily and accurately allow submission of health insurance claims from the array of providers throughout their network. They will also use Claimsnet new service offering allowing paper claim conversion in addition to electronic claims submission. "We are very pleased to be working with this New York based Health Plan. Their requirements called for an innovative, proven solution, encompassing both paper and electronic claims submission, and we were able to meet their needs," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is in process and we expect to be fully operational within several months. This new client is now added to the total of 50 plus client and business partner relationships that Claimsnet has added in the last 15 months, and is indicative of the acceptance our system is receiving in the healthcare market place." 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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