SOURCE: Ebenefits Direct, Inc.

October 26, 2007 16:05 ET

eBenefits Direct, Inc. Acquires Benefits Processing Corp.

Healthcare Payment Transaction System Partnering With Comprehensive Insurance Provider eBenefits Direct, Inc.

DELRAY BEACH, FL--(Marketwire - October 26, 2007) - Benefits Processing Corp., a global payment transaction system that targets healthcare markets, has been acquired by eBenefits Direct (PINKSHEETS: EBFD), a comprehensive insurance company, for an undisclosed amount.

Benefits Processing Corp. (BPC) is a global payment transaction system that primarily targets the fast-growing Healthcare membership/benefits markets. BPC provides virtual payment systems similar to PayPal and where appropriate couples this with a physical debit card, which is powered by the Visa Network that enables card usage wherever Visa is accepted. BPC enables fast and secure processing of multi-currency payments across international borders to a global consumer base. BPC flexibility allows cardholders to manage all of their payment needs anytime, anywhere, in any currency; Global payments are sent and received on-line instantly.

BPC connects individuals, healthcare programs, merchants and financial institutions and allows buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. BPC's agreement with ChargeKard's Visa Electron affiliation enables it to offer debit cards to consumers that may not have proven banking relationships required for traditional credit or debit cards. This allows BPC to address the rapidly growing International consumer and merchant markets that seek a simple, trusted means for transacting payments in any global territory either over the Internet, physically with a debit card, wherever VISA is accepted, or through the global ATM networks.

"BPC is an alternative to PayPal and standard credit cards as a form of consumer payment," said the eBenefits president, Randy Schleger. "Commonly accepted at grocery stores, gas stations, discount stores and drug stores. BPC's Visa Network leads in brand recognition and usage in healthcare outlets. Consumers want payment choices, and with their secured debit card and their PIN they can use their BPC card for anything from pharmacy purchase to a co-payment at the doctor's office, or they can purchase merchandise and services online as well."

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eBbenefits Direct, Inc. (PINKSHEETS: EBFD) is a nationwide leader in the direct marketing and distribution of a wide range of health and life insurance products to individuals, families and groups. eBenefits Direct, Inc. has revolutionized the way health and life insurance has historically been sold. eBenefits Direct, Inc.'s approach is through many mass distribution areas such as call centers, the internet and massive lead generation programs.

eBenefits Direct is a fast growing direct response marketing organization and Technology Company. By utilization of its many call centers across the country it enables an individual to efficiently purchase health and life insurance as well as medical and discount service programs.

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