The Auto Channel: North America | Europe

Assurant Solutions Affiliate Acquires NeoSynergy's Next-Generation Dealer Management System Design

ATLANTA and WELLINGTON, Fla., June 29 -- United Service Protection Corporation (USP), an affiliate of Assurant Solutions, and NeoSynergy LLC, an enterprise dealership management software development and service company, have entered into a licensing agreement to allow Assurant Solutions to offer web-based products and services using NeoSynergy's dealership management software. Financial terms were not disclosed.

Assurant Solutions is part of Assurant, Inc. , a premier provider of specialized insurance and insurance-related products and services in North America and selected other markets.

NeoSynergy is releasing to USP certain intellectual property for the parts, service, accounting, sales and finance modules of its web-based enterprise dealership management software. USP will use this intellectual property to develop web-based application systems that deliver products and services to the U.S. and Canadian recreational vehicle markets, including RVs, marine, power sport and specialty trailers.

Assurant Solutions offers a wide range of vehicle service contracts, specialty insurance and services to help auto dealers and lenders minimize risk, build revenue streams and strengthen relationships with their customers by protecting their investment in autos, recreational vehicles and watercraft.

NeoSynergy said its relationship with Assurant Solutions would enable the company to deploy products and services into both domestic and international markets in real time with web-based applications. The relationship also will extend the capabilities of NeoSynergy's enterprise dealership management software and eCommerce services by enabling the Internet sale and delivery of Assurant Solutions products and services through NeoSynergy's web-based applications.

NeoSynergy will endorse Assurant Solutions products to new franchised light automotive, medium and heavy truck dealers, both domestic and international. Assurant Solutions will use the tagline "Designed by NeoSynergy" on the web-based systems that it develops containing NeoSynergy intellectual property.

Assurant Solutions will provide NeoSynergy its propriety web-based product distribution system on a non-exclusive basis for use in the automobile and light, medium and heavy truck markets.

Charles Shamblee III, the chief executive of Wellington, FL-based NeoSynergy, said, "This deal is a huge business opportunity for NeoSynergy's sales and marketing, both domestic and international. Most importantly, it is a ringing endorsement of the viability and comprehensiveness of our software after nearly four years of design, development and implementation and of our company strategy to create an enterprise solution from manufacturer to consumer.

"This relationship will introduce NeoSynergy's brand and capabilities to adjacent and franchise markets. It also establishes the first of, we hope, many distribution agreements. NeoSynergy focuses on software development and services while looking to partner with strong distribution providers for our business success in domestic and international markets."

About Assurant Solutions

Assurant Solutions businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, automobile dealers, funeral homes, utilities and other entities. With operations in 17 locations, including executive offices in Atlanta, Ga., Assurant Solutions serves clients and their customers in 10 countries throughout North America, the Caribbean, Latin America and Europe. www.assurantsolutions.com

Assurant Solutions is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected international. Assurant, a Fortune 500 company, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has over $20 billion in assets and $7 billion in annual revenue. www.assurant.com

About NeoSynergy

NeoSynergy is a provider of web-based enterprise dealership management and eCommerce software and services to the automotive industry. NeoSynergy's Darwin Business Suite enables manufacturers, service providers, dealers and consumers to be linked in real-time via the Internet to seamlessly conduct vehicles, parts and service transactions. NeoSynergy's products allow manufacturers and dealers of all sizes to improve operational efficiency, generate revenue and consolidate accounting across multiple locations, franchises and system services. More information is available at www.neosynergy.net.

  Media Contacts (NeoSynergy) Tim Benford, Telephone: 937-604-3158,
  tim.benford@neosynergy.net  (Assurant Solutions) James A. Sykes,
  Telephone: 770.763.1015, james.sykes@assurant.com