Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

May 17, 2010 08:00 ET

Automated Benefits Corp. Annual General Meeting to be Held June 17, 2010

TORONTO, ONTARIO--(Marketwire - May 17, 2010) - Automated Benefits Corp. (the "Corporation") (TSX VENTURE:AUT) is pleased to announce that they will be holding their Annual General Meeting on June 17, 2010. The meeting will be held at the offices of Fasken Martineau Dumoulin LLP, located at 66 Wellington Street West, 36th Floor, Toronto, and will begin at 11:30 a.m. Any and all holders of common shares of the Corporation as at the close of business on the Record Date, which was May 7th, 2010, will be entitled to vote at this meeting. For more information and for disclosures related to the year ended December 31, 2009, please refer to the Corporation's Information Circular, which will be posted at www.sedar.com.

The Corporation also announces today that 313,932 options will be issued in accordance with the Corporation's stock option plan. Of this total, 149,466 options will be issued to each of a Director and Officer, and an Officer, respectively. The options will vest in three equal tranches with one-third vesting immediately, one-third vesting on the first anniversary of the grant date, and one-third vesting on the second anniversary of the grant date, at an exercise price of $0.11, as mentioned in the Corporation's Information Circular. The granting of the stock options is subject to regulatory approval. 

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 automates property insurance claims through its two complementary components. Its award-winning Symbility Mobile Adjuster software is an estimating tool that increases speed, efficiency and accuracy by allowing on-site claims processing. Symbility Claims Connect is the collaborative workflow management tool that gives every claim participant real-time access to the claims they are working on. Symbility software solutions give 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.

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