RiderPoint Announces Expansion of Its Comparative Insurance Rater
8 December 1999
eLEC Communications Corp.'s Affiliate, RiderPoint Inc., Announces the Expansion of Its Comparative Insurance Rater, RiderPoint IQ, to Illinois, Colorado and Virginia
NORWALK, Conn.--Dec. 7, 1999--RiderPoint Inc., an affiliate of eLEC Communications Corp. , announced today the expansion of coverage into Illinois, Colorado and Virginia for its online comparative insurance rater, RiderPoint IQ.The rater, located at www.riderpoint.com, provides consumers with the ability to comparatively shop for and buy their motorcycle insurance at one location, without the hassles traditionally associated with purchasing specialty insurance. The design and format of the product allows insurance agents to have access to specialty lines and carriers on their desktop computers.
"The RiderPoint IQ Development Team continues to deliver additional states ahead of schedule," said Craig Gironda, RiderPoint's President and CEO. "RiderPoint IQ now provides comparative rates in seven states, and we are well on our way to providing coverage to over 80% of the US motorcycle market by the end of February 2000."
eLEC Communications Corp. is a publicly traded local telecommunications company that is taking advantage of the convergence of the current and future competitive technological and regulatory developments in the Internet and telecommunications markets through the integration of its telecommunications and Internet services. The company provides an integrated suite of communications services to small and medium-sized business customers, including local, long distance, dial-up access, dedicated access and Web site design and hosting, and has served as an incubator for emerging growth companies in the telecom and Internet sector.
This release contains forward-looking statements that involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms and deployment of capital; the Company's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which the Company can operate, access new markets, negotiate and maintain suitable reseller and interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of eLEC Communications Corp., RiderPoint Inc. or RP Insurance Agency Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Insurance companies appear at RiderPoint.com for purely informational purposes and pay commissions or fees based upon premium volume or traffic activity produced by Riderpoint.com. RP Insurance Agency Inc. is not an agent for all insurers shown at www.riderpoint.com. Quote availability by state of residence or any other factor is subject to change without notice.
