Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

March 12, 2007 08:00 ET

Automated Benefits Reaches Milestone of 30,000 Plan Members

EDMONTON, ALBERTA--(CCNMatthews - March 12, 2007) - Automated Benefits Corp. (TSX VENTURE:AUT) wholly owned subsidiary, Automated Benefits Inc. ("Autoben"), has reached a milestone record of plan members (certificates). The clients of Automated Benefits Inc. have shown their confidence in the claims adjudication software by placing 30,000 certificates on the system.

Under the current version of the Autoben software, the company has experienced steady growth since its redesign in late 2004 where the certificate count was at 14,000. This new milestone reflects only organic growth from existing customers. The Autoben system is now at a stage of its development that it can not only streamline existing customers, but also attract larger scale accounts as evidenced by the recent signing of Union Benefit Plan Services (UBPS). An additional 5,000 certificates will be added to the Autoben system from UBPS by month end.

"Additional developments in our software are being introduced later this month that will enable our clients to manage greater volumes in a more efficient manner," states John Jackson, President of Automated Benefits Inc. "This will add to the competitive advantage Autoben brings to our clients in the marketplace."

About Automated Benefits Corp.

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.

With offices in Edmonton and Toronto, Autoben provides a software solution for the adjudication of Health and Dental claims. This software adjudicates claims in real time while providing their clients with the highest level of flexibility available and complete disclosure on the plan's financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner. The Autoben software supports the adjudication of Health and Dental claims through the local insurance broker for over 30,000 employees across Canada.

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.

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
    Chief Executive Officer
    (416) 359-9339
    Website: www.autoben.com