Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

November 14, 2006 08:00 ET

Automated Benefits Corp.: Symbility Signs Contract With State Auto

State Auto Mutual Selects Symbility as Its Technology Partner for Catastrophe Solutions

WATERLOO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - Symbility Solutions, a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT) today announced that State Auto Mutual Insurance Company has signed a multi-year contract with Symbility to implement the Symbility mobile claims system.

State Auto selected Symbility's industry leading, Web-based application to accelerate response time to customers in catastrophic situations. The Symbility mobile claims system utilizes pen-based, wireless technology to complete claim estimates faster in the field.

"The Symbility system is an integral piece of our catastrophe solution for customers," states Gene Roberts, Assistant VP of Claims, for State Auto. "The ability to settle claims on-site and transmit the information wirelessly will help our policyholders get back on their feet much faster."

This contract represents a further expansion into the midwestern states in the U.S. for Symbility and an immediate increase to the user base and number of processed claims for Symbility in North America.

"We're excited to see a company the stature of State Auto utilize our solution for an initiative as prominent as their catastrophe program," states James Swayze, Chief Executive Officer of Automated Benefits Corp. "The Symbility mobile claims application was designed to handle the workload associated with catastrophes most efficiently and this contract reinforces that message."

For more information about Symbility's mobile claims solution, visit www.symbilitysolutions.com.

About State Auto Mutual Insurance Company

Founded in 1921, State Auto writes business in 27 states from Michigan to Florida and from Utah to Virginia through more than 3,000 independent agencies. Rated A+ (Superior) by the A.M. Best insurance rating agency, State Auto's 2,000-plus employees work out of the corporate headquarters in Columbus, Ohio, ten regional and branch offices, and numerous claim service offices throughout their operating territory.

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.

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.

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 over 27,000 employees across Canada.

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
    President and Chief Executive Officer
    (416) 359-9339