eAutoclaims Announces Annual Contract With
Fortune Insurance Company
PALM HARBOR, Fla., May 15 eAutoclaims (OTC Bulletin Board: EACC) announces the signing of an annual
contract with Fortune Insurance Company, Jacksonville, Florida. The contract
is expected to produce over a million dollars a year in shop repairs for the
company's national network of repair shops. Fortune Insurance Company will be
running their claims over the company's "Bricks-to-Clicks" Internet Claims
System cutting cycle time and lowering Loss's and expenses.
"We have looked at other Internet claims programs to create efficiencies
and cost savings, and this is by far the most impressive system we have seen,"
stated Larry Johnson, Vice President of Claims, Fortune Insurance. "One of
the key elements of this system is how well it complements our current staff
in the field." Fortune operates a field staff of professional appraisers; the
system will enable Fortune to communicate directly with the field and utilize
EACC's network of repair shops.
"Fortune Insurance has been going through an aggressive makeover during
the past year. We're excited to be working with a management team that is
being so proactive in technology," commented Eric Seidel, President/CEO of
eAutoclaims. "The Company's leadership is committed to great customer service
results, and this will add to their clients having a positive repair
experience." The contract begins this month and is expected to have immediate
results in lowering expenses associated with Independent Adjusters costs.
About eAutoclaims
eAutoclaims is a pioneering business-to-business Internet infrastructure
company that utilizes the Internet to streamline and lower the overall cost of
automotive repairs paid by insurance companies and on corporately owned fleet
vehicles. The company is creating a new online digital automotive maintenance
organization industry within the $63 billion market of the auto collision
claim industry. eAutoclaims is establishing itself as the pre-eminent
Application Service Provider for the automobile insurance industry, providing
seamless back-end infrastructures that link thousands of collision repair
shops and/or glass repair facilities into a network. The company offers a
cost-effective and highly advanced "Bricks-to-Clicks" Claims System for the
processing and ultimate repair of damaged vehicles field as insured auto
claims and by self-insured fleets. eAutoclaims generates revenue from
administrative fees and discounts earned by processing collision & glasswork
through it system.
This announcement contains "forward-looking statements." Words such as
"anticipate," "believe," "estimate," "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.
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