EMERGIS INC.
TSX : EME

October 31, 2005 14:00 ET

Emergis Licenses EInvoicing Technology

MONTREAL, QUEBEC--(CCNMatthews - Oct. 31, 2005) - Emergis Inc. (TSX:EME), a Canadian eBusiness company, today announced that it has entered into an agreement to license its electronic invoicing and payment technology patent to Florida-based Clay Electric Cooperative, Inc.

"This agreement is important to Emergis as we pursue our efforts to realize the full value of our patent for our eInvoicing technology," said Marc Filion, Executive Vice-President, Business Development and Corporate Strategy of Emergis.

Emergis was awarded a U.S. patent in March 2000 for its electronic invoicing and payment technology, which allows companies such as Clay Electric to offer their customers the ability to receive and pay invoices electronically. While Emergis has decided to wind down the commercial operations of its electronic invoicing and payment service, it has retained ownership of the technology.

Electronic invoicing and payment programs are becoming very popular with a number of Clay Electric's members. Participating members save time and money by allowing electronic delivery of billing information and enabling payment without the expense and trouble of mailing bills or delivering a payment.

Clay Electric serves over 150,000 members throughout its 14-county North Florida service area. Headquartered in Keystone Heights, the co-op has local district offices in Orange Park, Lake City, Gainesville, Palatka, Salt Springs and Keystone Heights.

About Emergis

Emergis powers business interactions, developing and managing solutions that automate transactions and the secure exchange of information. With expertise in electronic health-related claims processing and management systems, payment enablement, and loan processing, Emergis delivers solutions to the leading health insurance companies, government agencies and about 2,400 pharmacies in Canada, and to top financial institutions in North America. The Company's shares (TSX: EME) are included in the S&P/TSX Composite Index.

Certain statements made in this news release are forward-looking and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. These statements do not reflect the potential impact of any non-recurring items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Other factors that could cause results or events to differ materially from current expectations include, among other things: general economic factors, adoption of eBusiness, adoption rate of our solutions by clients, complexities in signing government contracts, our response to industry's rapid rate of change, competition, application of our pricing to the government sector, fluctuations in our operating results, the change of control following the sale by BCE Inc. of its holdings in Emergis, acquisitions, failure or material change in our strategic relationships including our relationship with Bell Canada, exposure under contract indemnities, defects in software or failures in the processing of transactions, security and privacy breaches, loss of key personnel, our ability to protect intellectual property, infringement claims on our intellectual property, and industry and government regulation. For additional information with respect to certain of these and other factors, refer to Emergis Inc.'s annual report (management discussion and analysis) and the Emergis Inc. annual information form (risks and uncertainties) filed with the Canadian securities commissions.

THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE REPRESENT THE EXPECTATIONS OF EMERGIS AND ITS SUBSIDIARIES AS AT OCTOBER 31, 2005 AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, EMERGIS AND ITS SUBSIDIARIES DISCLAIM ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

Contact Information

  • Emergis Inc.
    Ann-Marie Gagne
    (450) 928-6361