eAutoclaims Reports 3rd Consecutive Quarter of Profitability Collision Repair Management Drives Profitability OLDSMAR, Fla., Dec. 12 /PRNewswire-FirstCall/ -- eAutoclaims (BULLETIN BOARD: EACC) has just completed its third consecutive profitable quarter. Net income for the nine months ended October 31, 2003 totaled $240,344 compared to a net loss of $3,240,908 for the nine months ended October 31, 2002, an improvement of $3,481,252. Revenue for the nine months ended October 31, 2003 was $26,752,184. This represents a 10% increase from the $24,277,224 of revenue for nine months ended October 31, 2002. For the first quarter ended October 31, 2003, total revenues were $8,690,511 versus $8,165,876 for the first quarter ended October 31, 2002, an increase of 6%. The net profit for the first quarter was $10,242, compared to a loss of $876,852, an improvement of $887,094. Eric Seidel, president and chief executive officer, commented, "The company is excited with our continued success, the past nine months of profitability represents the continued market acceptance and demand of our product and services. We have continued to hold down expenses through the leveraging of technology; the net results are better service for our clients and an improvement in our margins." About eAutoclaims: eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) is a business services company that provides the insurance industry with claims management services through both ASP and integrated outsourcing solutions. The Company's clients are insurance companies, fleet management companies and insurance services companies. eAutoclaims' solutions streamline the claims handling process, decreasing the overall time and cost required to process a collision claim and reducing average paid losses for its clients. The Company handles repair estimates, repair audits and claims systems administration services for automobile claims that are processed and tracked via the eAutoclaims Web-based platform and network of service providers. This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission. DATASOURCE: eAutoclaims, Inc. CONTACT: Jeff Dickson, Chairman, eAutoclaims, +1-813-749-1020, ext. 202, or email, Web site: http://www.eautoclaims.com/

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