EMERGIS INC.
TSX : EME

March 21, 2006 15:21 ET

Emergis Renews Drug and Dental Claims Network Contract with Claimsecure

MONTREAL, QUEBEC--(CCNMatthews - March 21, 2006) - Emergis Inc. (TSX:EME) announced today that it has renewed its network contract with ClaimSecure Inc. for pharmacy and dental claims for three years. ClaimSecure will use Emergis' extensive network to electronically transport claims from pharmacists and dentists to ClaimSecure's adjudication system.

"This agreement strengthens our relationship with ClaimSecure and allows us to continue to work together in further enhancing our network solutions to meet the market's evolving requirements," says Ron Kaczorowski, Executive Vice-President at Emergis.

"We are pleased to renew our contract with Emergis," says Peter Craig, Chairman and Chief Executive Officer of ClaimSecure. "Emergis offers us a reliable network solution and maintains a deep understanding of our industry."

Emergis' electronic claims network allows the seamless capture and transport of transactions from health care providers to claims adjudicators or private and public insurers. Its network reaches over 99% of all Canadian pharmacies, all Canadian dentists whose practices are EDI-enabled, and a fast-growing number of other health care providers such as physiotherapists and chiropractors.

ClaimSecure is a Canadian company that specializes in providing health benefit claims management and group benefit plan administrative services to Canadian benefit plan sponsors, insurers, and third party administrators. ClaimSecure's product offerings include national real-time drug and dental adjudication systems, comprehensive web-based management applications, and a broad-based clinical consulting practice.

About Emergis

Emergis is an IT leader in Canada that focuses on the health and financial services sectors. It develops and manages solutions that automate transactions and the exchange of information to increase the process efficiency and quality of service of its customers. Emergis has expertise in electronic health-related claims processing, health record systems, pharmacy management solutions, cash management and loan document processing and registration. In Canada, it delivers its solutions to the main insurance companies, top financial institutions, government agencies, large corporations, real estate lawyers and notaries, and more than one third of all pharmacies. It also processes and enables transactions for the world's leading payment associations. The Company's shares (TSX:EME) are included in the S&P/TSX Composite Index.

Certain information in this news release, in our annual report, in various filings with Canadian regulators, in reports to shareholders and in other communications, is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among others, information with respect to our objectives and the strategies to achieve those objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes our expectations as at March 21, 2006.

The results or events predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others: general economic factors, adverse industry events, the adoption rate of our solutions by customers and by related electronic trading communities, the non-renewal of major contracts which expire in the near term, complexities and timing of signing government contracts, customers developing internally the capability to perform the services which we perform on their behalf, our response to the industry's rapid rate of change, competition, pricing pressures, fluctuations in our operating results, our ability to make and integrate strategic acquisitions, failures or material changes in our strategic relationships, exposure under contract indemnities, defects in software or failures in the processing of transactions, security or privacy breaches, our ability to attract and retain key personnel, our ability to protect our intellectual property, intellectual property infringement claims, and industry and government regulation.

We caution that the foregoing list of material factors is not exhaustive. When relying on our forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. In making the forward-looking information contained in this news release, we do not assume any significant acquisitions, dispositions or one-time items. We do assume, however, the renewal of certain customer contracts. Every year, Emergis has major customer contracts that it needs to renew. Some of these may represent slightly more than 10% of Emergis' annual revenue. In addition, we also assume the signature of contracts in new markets in the public health sector. In this regard, Emergis is pursuing large opportunities that present a very long and complex sales cycle which substantially affect our forecasting abilities. We have assumed a certain timing for the realization of these opportunities which we think is reasonable but which may not be achieved. Furthermore, the pursuit of these larger opportunities does not ensure a linear progression of our revenue and earnings since they may involve significant up-front fees followed by reduced ongoing payments. We have assumed a certain progression that may not be realized. We have also assumed that the material factors referred to in the previous paragraph will not result in such forward-looking information to differ materially from actual results or events. However, each of these factors is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. For additional information with respect to certain of these and other factors, please refer to our annual information form (risks and uncertainties) filed with the Canadian securities commissions.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF EMERGIS AND ITS SUBSIDIARIES AS AT MARCH 21, 2006 AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, EMERGIS EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE LAW.

Contact Information

  • Emergis Inc.
    John Gutpell
    (450) 928-6856