eAutoclaims Experiences Record Growth in Processed Transactions During Most Recent Quarter
February 08 2006 - 9:00AM
PR Newswire (US)
OLDSMAR, Fla., Feb. 8 /PRNewswire-FirstCall/ -- eAutoclaims
(OTC:EACC) (BULLETIN BOARD: EACC) , a leading provider of managed
collision repair services and insurance claims processing
technology applications, today announced the recent claims volume
processed by the Company for the quarter ending January 31, 2006,
experienced meaningful growth in the Company's Special Market
Division in number of claims processed. The added claims volume was
a result of the Co-Marketing Agreement with ADP Claims Services
Group. "Over the past quarter, the Company was quite pleased with
the increase in claims transactions over the previous quarter,"
commented Eric Seidel, President/CEO of eAutoclaims. "Our Special
Markets division grew in excess of 50% this past quarter alone, and
we believe this trend will continue through the remainder of this
Fiscal Year." The Company has commenced the rollout of a second top
insurance company under the Co-Marketing Agreement with ADP Claims
Services Group, which was previously disclosed in an 8K filing on
February 2, 2006. eAutoclaims has also initiated the rollout of an
additional insurance carrier with similar potential, which is the
result of a direct sale by the Company. While the Company does not
provide financial guidance at this time, the recent engagement
announcements have required additional staff levels and training
investments, but are expected to have a meaningful impact to the
Company's financial results over the next 6-12 months. About
eAutoclaims eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) is a
business services company that provides the insurance industry with
claims management services through both ASP and integrated
outsourcing solutions. The Company's clients are insurance
companies, fleet management companies and insurance services
companies. eAutoclaims' solutions streamline the claims handling
process, decreasing the overall time and cost required to process a
collision claim, and reducing average paid losses for its clients.
The Company handles repair estimates, repair audits, and claims
systems administration services for automobile claims that are
processed and tracked via the eAutoclaims web-based platform and
network of service providers. This announcement contains
forward-looking statements. Words such as anticipate, believe,
estimate, satisfies, expect and other similar expressions as they
relate to the Company and its management are intended to identify
such forward-looking statements. Although the Company and its
management believe that the statements contained in this
announcement are reasonable, it can give no assurances that such
statements will prove correct. Factors that could affect the
occurrence of events or results discussed herein are included with
those mentioned in the Company's filings with the Securities and
Exchange Commission. DATASOURCE: eAutoclaims CONTACT: Eric Seidel,
CEO, eAutoclaims, +1-813-749-1020, ext. 2204, or ; or Investors,
Mark McPartland, Alliance Advisors, LLC, +1-910-297-6442, or , for
eAutoclaims Web site: http://www.eautoclaims.com/
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