Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

November 21, 2006 08:00 ET

Automated Benefits Expands Business in Quebec

Symbility Solutions signs contract with Promutuel

WATERLOO, ONTARIO--(CCNMatthews - Nov. 21, 2006) - Symbility Solutions, a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT) today disclosed that Promutuel du Lac au Fjord has signed a multi-year contract with Symbility to implement the Symbility mobile claims system.

Promutuel selected Symbility's industry leading, web-based application to accelerate response time to customers with its pen-based, wireless technology. This contract represents an expansion in the Quebec market for Symbility and an immediate increase to the user base and number of processed claims for Symbility in North America.

"We are proud of our decision to adopt the Symbility mobile claims system as our estimating platform," states Luc Goderre, Chief Estimator for Promutuel du Lac au Fjord. "Symbility gives us the advantage of working with a state-of-the-art application to complete our estimates on site and our experience with the software and their technical support team has been excellent."

"Our expansion into Quebec has been increasing through the rollout of our national carriers in Canada but Promutuel marks the first Quebec based company to adopt the Symbility mobile claims system," states James Swayze, Chief Executive Officer of Automated Benefits Corp. "Having launched our French version in the first quarter of this year, our user base in Quebec now represents one third of all users in Canada."

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

About Promutuel du Lac au Fjord

With offices in Hebertville, Quebec, Promutuel du Lac au Fjord is an incorporated member of the Promutuel Group which was formed in 1956 as a federation of fire-mutuals in Quebec. Today, the Promutuel Group represents 34 mutual companies which serve all regions of Quebec and ranks as the 4th largest property writer in the province and over 500,000 members. Promutuel du Lac au Fjord represents the Saguenay and Lac-St-Jean regions for the group.

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
    Website: www.autoben.com