Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

February 01, 2007 09:33 ET

Automated Benefits Signs Contract With Union Benefits Plan Services

EDMONTON, ALBERTA--(CCNMatthews - Feb. 1, 2007) - Automated Benefits Corp. (TSX VENTURE:AUT) wholly owned subsidiary, Automated Benefits Inc. ("Autoben"), has signed a contract with Union Benefit Plan Services (UBPS), Waterloo, Ontario, to facilitate medical and dental administration and adjudication to their group insurance clients.

Effective March, 2007, UBPS will transfer 5,000 certificates onto the Autoben system. Over the course of the following 9 months, UBPS plans to add an additional 5,000 certificates to the system.

"We performed an extensive amount of research and product testing to ensure we had the best Health and Dental claims adjudication solution for our clients and we found it in Autoben's solution." states Brent Dykeman, General Manager, UBPS. "The continuing focus on development of the Autoben solution will also accommodate our growth requirements."

"We are excited about our new business relationship with UBPS," states John Jackson, President of Automated Benefits Inc. "Our business philosophies and plans for growth are closely aligned. The flexibility of the Autoben system was proven to support the specific needs of the UBPS clients."

About Union Benefit Plan Services

Union Benefit Plan Services (UBPS) provides support to multi-employer group benefit and pension trusts for the design and administration of their plans. For over 23 years, UBPS has continued to improve their service delivery to their clients and their plan members. By establishing a network of strategic partners for the delivery of these services, UBPS is able to establish and maintain a very strong presence in the construction sector's multi-employer group benefits industry.

About Automated Benefits Corp.

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.

With offices in Edmonton and 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 28,000 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 Waterloo, 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.

Contact Information

  • Automated Benefits Corp.
    James R. Swayze
    Chief Executive Officer
    (416) 359-9339