Symbility Solutions Inc.

Symbility Solutions Inc.

March 25, 2013 08:00 ET

Symbility Solutions Wins Outstanding Exhibitor Award at PLRB

TORONTO, ONTARIO--(Marketwire - March 25, 2013) -

Editors Note: There is a photo associated with this press release.

Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is proud to announce that it won the inaugural Outstanding Exhibitor Award at the 2013 PLRB/LIRB Claims Conference.

The PLRB/LIRB Insurance Services Expo, held in Boston from March 17-20, is the largest annual property and liability claims expo in the industry. Symbility showcased its Mobile Claims application on the Android™, iPad® and iPhone®, giving the expo's 2,200 visitors, a hands-on opportunity to experience the seamless transition from our current windows version of the application that is designed to improve efficiency, customer service and speed during the estimation process.

"The Symbility booth was true to its goal to provide a transparent and quality presence. The professionalism of the staff was clearly on display, and the unique design of the booth delivered a very transparent appearance to support the professionalism of the organization," stated Tom O'Dowd, Marketing and Exhibits Manager, PLRB. "Symbility is the recipient of this first-time award presented by PLRB/LIRB and it recognizes Symbility for its excellent customer rapport, marketing materials, and overall quality aesthetics of its booth."

"As a long-standing supporter of PLRB, we are thrilled to have been recognized as the recipient of this award," comments James Swayze, CEO, Symbility Solutions. "Our primary goal is to provide a superior customer experience and our marketing team definitely delivered on that promise based on the volume of attendees at our booth. Insurance companies are challenging the status quo and expect software providers to offer solutions on a variety of platforms and devices. Watching demonstrations of Mobile Claims on flat screens over Apple TV as the first estimating platform available on the iPhone, iPad and Android was clearly a big hit at PLRB."

Symbility Mobile Claims app is free and available for download now on Google Play™ for the Android platform and through the Apple® iTunes Store® for the iOS platform.

The Corporation also announced today that 3,400,000 options were granted to Officers in accordance with the Corporation's stock option plan. Each option entitles its holder to purchase one common share of the Corporation at a price of $0.50 per share for a period of ten years from the date of grant. The options will vest in three equal tranches with one-third vesting immediately, one-third vesting on the first anniversary of the grant date, and one-third vesting on the second anniversary of the grant date.

About Symbility Solutions Inc.

Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.

The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.

Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance.

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