Automated Benefits Corp.

Automated Benefits Corp.

October 09, 2007 11:50 ET

Automated Benefits Reaches 35,000 Plan Members

TORONTO, ONTARIO--(Marketwire - Oct. 9, 2007) - Automated Benefits Corp. (TSX VENTURE:AUT), today announces that wholly owned subsidiary Automated Benefits Inc., ("Autoben") has grown the number of plan members (certificates) on the Autoben system to 35,000. Concurrent with reaching this milestone, Autoben has also increased its transaction revenue to over $80 per certificate, a 35% increase from previous levels, on business added from newly acquired customers.

"Autoben has shifted its historic target market from the small group broker customer to larger Third Party Administrators, and Group Insurance carriers", states John Jackson, President, Automated Benefits Inc. "With the significant modifications made to the Autoben system, we can now attract the big players in the employee benefits arena while also serving the needs of our traditional customer base. The larger TPA's not only add certificates in blocks but they run all of their health and dental business through the system which increases the revenue per certificate."

Autoben is scheduled to add another 5,500 certificates from one of its larger customers before calendar year end which will represent an increase of almost 100% from the previous year. As the revenue per certificate increases with each new customer block, Autoben's average gross margin grows as more of this higher margin revenue is added.

About Automated Benefits Corp. and Symbility Solutions

Automated Benefits Corp. (, 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 ( 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.

Based 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 the local insurance broker for over 35,000 employees across Canada.

For more information about the Symbility mobile claims solution, please visit

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The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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.

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