Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

June 27, 2005 15:44 ET

Automated Benefits Corp. Retains Investor Relations Services and Option Grants

TORONTO, ONTARIO--(CCNMatthews - June 27, 2005) -

(Not for dissemination in the United States of America)

Automated Benefits Corp. (TSX VENTURE:AUT) ("Automated Benefits" or the "Corporation") is pleased to announce that it has retained the services of David Speck of Toronto, Ontario, and Robert Kennedy of Toronto, Ontario, as investor relations consultants to the Corporation, subject to the approval of the TSX Venture Exchange Inc.

Automated Benefits has entered into an investor relations contract with each of Messrs. Speck and Kennedy providing for a term of three years which may be renewed for a further term of one year. In consideration of the services to be provided, Automated Benefits has agreed to pay to each of Messrs. Speck and Kennedy monthly compensation of $2,500 plus reasonable out of pocket expenses. In addition, each of Messrs. Speck and Kennedy will each be granted options to purchase an aggregate of 225,000 common shares of the Corporation at an exercise price of $0.62 per share, expiring five years from the date of the grant. One-third of the optioned shares will vest immediately, and the remainder of the optioned shares will vest as to one-third 12 and 24 months from the date of grant.

Automated Benefits also announces that it has also granted options to independent directors an aggregate of 150,000 options to purchase common shares at an exercise price of $0.62 per share, expiring five years from the date of grant.

About Automated Benefits

The Corporation is a software company dedicated to applications for the insurance industry with its head office in Toronto, Ontario. The Corporation currently has two subsidiaries, Automated Benefits Inc. ("Autoben") and Symbility Solutions Inc. ("Symbility")

Symbility has developed the Symbility mobile claims system focusing principally on residential and commercial property claims estimation for use by insurance company adjusters and independent contractors. With offices in Waterloo, Ontario and Montreal, Quebec, the Symbility mobile claims system has recently successfully completed its pilot with Economical Insurance Group and is nearing the end of its pilot programs with Allstate Insurance Company of Canada, Gore Mutual, Disaster Kleenup and ServiceMaster. Upon successful completion of its pilots in Canada, Symbility intends to expand its sales efforts of the Symbility mobile claims system in the United States and Europe.

Autoben is focused on the employee benefit segment of the life insurance industry. Located in Edmonton, Alberta, Autoben provides claims management software for health and dental plans in addition to insurance products for employer groups. The proprietary software of Autoben, ABI, assists in reducing the cost of employee benefits programs by allowing local adjudication and administration to approximately 23,000 employees across Canada.

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

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