Automated Benefits Corp.

Automated Benefits Corp.

June 09, 2009 08:00 ET

Automated Benefits Corp. Announces 2008 Coverage in Ubika Research Report

TORONTO, ONTARIO--(Marketwire - June 9, 2009) - Automated Benefits Corp. (the "Corporation") (TSX VENTURE:AUT) today announces the release of Ubika Research's research report analyzing the Corporation's audited financial results and Management's Discussion and Analysis for the fiscal year ending December 31, 2008.

A division of Ubika Corporation, Ubika Research is a Toronto-based independent investment research firm that provides investors with objective and independent research on under-researched micro and small cap companies. Ubika Research's findings reviewed the financial and operational performance of Automated Benefits Corp.'s two operating subsidiaries, Symbility Solutions Inc. and Automated Benefits Inc.

Chief Executive Officer James Swayze states, "With the completion of 2008, we are proud of the achievements the Corporation has made in the midst of such uncertain economic times. Our strategies for growth and development are successfully paving the way for another productive year."

For more information on Ubika Research and to read its full findings, visit Automated Benefits Corp. did not give Ubika Research any material undisclosed information in the preparation of this report. We understand that Ubika's conclusions are based on their analysis of historical financial information and forward looking information available in public documents issued by Automated Benefits Corp.

About Automated Benefits Corp.

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, Automated Benefits Inc. and Symbility Solutions Inc.

Symbility Solutions, based in Toronto, Ontario, automates property insurance claims through its two complementary components. Its award-winning mobile claims solution is an estimating tool that increases speed, efficiency and accuracy by allowing on-site claims processing. Symbility.NET is the collaborative workflow management tool that gives every claim participant real-time access to the claims they are working on. The Symbility solution gives users the mobility, speed and control they need to effectively and quickly move onto their next claim.

Automated Benefits Inc. provides the Adjudicare software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan's financial performance. Automated Benefits Inc. enables their clients to provide an additional level of value-added service in a very cost effective manner. The Adjudicare software supports the adjudication of health and dental claims through local insurance brokers across Canada.

All trade names are the property of their respective owners.

This press release should be read in conjunction with Corporation's audited consolidated financial statements and management's discussion and analysis for the fiscal year ending December 31, 2008, copies of which can be found at

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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