eAutoclaims Announces the Signing of Four New Clients
June 10 2004 - 11:03AM
PR Newswire (US)
eAutoclaims Announces the Signing of Four New Clients OLDSMAR,
Fla., June 10 /PRNewswire-FirstCall/ -- eAutoclaims (OTC Bulletin:
EACC) announced today the signing of four new clients. All of the
new clients have executed pilot agreements, and three have been
rolled out over the last 30 days. The fourth client will be rolled
out later this month. The new customers are running on eAutoclaims'
eJusterSuite(R) Internet claims platform and processing their
claims through the eAutoclaims' national Guaranteed Repair Network
(GRN). The GRN stretches nationwide and numbers over 2,600
collision repair facilities. In addition, the new clients are also
utilizing eAutoclaims' national network of independent appraisers,
the Appraisal Assignment Network (ANN). Eric Seidel, President/CEO
of eAutoclaims, commented, "We are pleased to start the summer off
with the addition of these new accounts." Seidel continued, "This
will assist the Company in executing our plan to replace the
business we lost from our largest client. As was announced last
year, Royal & Sun Alliance sold half of their business last
year in a transaction with Travelers, the other half will not be
affected by the transaction. The Company has recently begun to feel
the effects of the business rolling off, which will be reflected in
our April 30, 2004 10Q filing." The new accounts are predominately
located in the Northeast, Southeast and the Midwest and come from
the Company's direct sales channel. eAutoclaims recently announced
a Co-Marketing Agreement with ADP Claims Services and has
established a Special Markets sales channel to service the
agreement; the Company expects to see much of its future growth
from the new relationship. However, eAutoclaims remains focused on
building its direct channel and will continue to add new business.
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. For More Information: Jeff Dickson,
Chairman 813-749-1020, Ext. - 202 This announcement contains
"forward-looking statements." Words such as anticipate, believe,
estimate, satisfies, 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 Web
site: http://www.eautoclaims.com/
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