'eAuto' Not To Be Confused With eAutoclaims
'eAuto' Not To Be Confused With eAutoclaims
PALM HARBOR, Fla., July 6 eAutoclaims (OTC Bulletin Board: EACC) reiterated today that the company is executing its business plan and moving forward with its company forecasts. This press release is to clarify that the ceased operations of "eAuto" (everything automotive), an internet-based automotive aftermarket parts distributor, is in no way associated with eAutoclaims and its affiliates. eAutoclaims continues its aggressive growth, reporting over a 35% revenue increase last quarter from the previous quarter. In the past 30 days, eAutoclaims has signed and announced two annual contracts, one with Commerce West Insurance Company of Pleasanton, CA, and the other with David Morse & Associates of Glendale, CA of which consists of The Guardian automobile insurance policy base, one of the largest growing books of business in California. "These contracts, along with many new pilot programs currently underway and the continued success of the Royal and Sun Alliance roll-out are allowing us to achieve our growth goals," stated Eric Seidel, President and CEO of eAutoclaims. "We are pleased to have the financial strength and technical support to remain a leader in the online claims processing industry." 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 $23 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(TM)" Claims System for the processing and ultimate repair of damaged vehicles filed as insured auto claims and by self-insured fleets. eAutoclaims generates revenue from administrative fees and discounts earned by processing collision & glasswork through its system. Forward-looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission, made periodically by the Company (available to the public at http://www.sec.gov), may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.