Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

December 19, 2007 08:00 ET

Automated Benefits Signs Contract With Leading TPA

New Contract to Increase Autoben Claim Volume by 30%

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce that its wholly owned subsidiary Automated Benefits Inc. (Autoben), has signed a new contract with a Third Party Administrator (TPA), who will use the Autoben software for the administration and adjudication of medical and dental benefits for their group insurance clients.

The TPA will transfer their current clients, numbering in excess of 10,000 employee certificates, onto the Autoben system, as well as any new clients procured in the future beginning in the New Year. The TPA had previously been utilizing another service provider for over a decade to pay claims and will regain control of the payment process by bringing all of it in house with the Autoben software. The addition of these employee certificates to the Autoben software represents an increase of over 30% to the existing claims volume processed by Automated Benefits Inc.

"We are now attracting partners that are regarded as leaders in the Canadian Group Benefits market and this new contract is a significant milestone for Autoben", states John Jackson, President, Autoben. "Not only is Autoben's reputation enhanced by attracting such credible partners but the volume of business that this new account represents will increase our annual paid claims totals to being in league with a top 10 insurance company in Canada".

About Automated Benefits Corp. and Symbility Solutions

Automated Benefits Corp. (www.autoben.com), 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.

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 employees across Canada.

Symbility Solutions (www.symbilitysolutions.com) 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 Toronto, Ontario and Montreal, Quebec.

All trade names are the property of their respective owners.

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.

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

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