SOURCE: Symbility Solutions Inc.

December 10, 2014 08:00 ET

Symbility Signs Multi-Year Contract With a National Network of Contractors

TORONTO, ON--(Marketwired - December 10, 2014) - Symbility Solutions Inc.® (TSX VENTURE: SY), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry is pleased to announce the formalization of a multi-year contract with a leading national network of general contractors and specialty service providers throughout North America to integrate Symbility's cloud-based claims settlement technology into its operations.

The multi-year contract will see the organization that manages the network deploy Symbility Claims Connect®, a collaborative and easy-to-use property and casualty claims workflow management solution and, Symbility Mobile Claims®, the most intuitive smartphone and tablet-enabled field estimating application currently available within the property and casualty market, will be deployed to all the members currently in the program. The capabilities and features of Symbility's cloud-based technology will shorten the estimating process for the members of this contractor and speciality service network by enabling them to generate quick and accurate estimates onsite.

"Symbility Solutions has been diligently focused on adding all of the major contractor networks to our cloud-based claims management platform," stated James Swayze, CEO, Symbility Solutions. "We are particularly pleased with this contract considering the number of market-leading insurers this client serves."

Forward-Looking Information

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements represent the Symbility's best judgment based on information currently available. Actual results are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Symbility Solutions to control or predict and, as a result, the actual results may differ materially from those expressed or implied in the forward-looking statements. Symbility Solutions Inc. will not update these forward-looking statements to reflect events or circumstances after the date hereof. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. 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 Symbility Solutions Inc.

About Symbility Solutions Inc.

Symbility Solutions® (TSX VENTURE: SY) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. For more information please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.

All trade names are the property of their respective owners.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information