eAutoclaims.com included in favorable Deutsche Banc Alex Brown Research - "The Insufferable $23 Billion Property/Casualty Claims Process"

1 August 2000
eAutoclaims.com included in favorable Deutsche Banc Alex Brown Research - "The Insufferable $23 Billion Property/Casualty Claims Process"
    PALM HARBOR, Fla., Aug. 1 eAutoclaims.com(TM)
(OTCBB: EACC) today announced that it has been favorably mentioned in a recent
report dated July 5, 2000, issued by Gary R. Craft, CFA and Matthew F. Kelly
of Deutsche Banc Alex Brown covering the property/casualty claims process.
    The report highlights some of the key drivers to change in the
property/casualty claims industry.  Over 35 technology vendors focused on
software/automation, fraud/analytics, data management and portal/information
are helping this vast industry improve claims efficiency and improve indemnity
payment strategies.
    Report excerpts:  "Claims professionals move over $200 billion annually,
yet operate in the ice ages of information efficiency. This is set to change
...  With insurance moving into a fishbowl due to the Internet, its claims
strategies will come under increasing scrutiny. Ultimate differences in claims
payments and processes will represent key competitive distinctions."
    Further commenting on the strengths of the business, the report states:
"An industry with $23 billion in human capital costs, 450,000 dedicated
professionals and a weak or non-existent technology infrastructure represents
fertile ground for specialized technology and service providers. Our survey
uncovers as many as 35 such companies. We expect many more organizations to
move into this industry, much as we have seen with a cousin industry
-- E-Brokerage."
    "The Deutsche Banc Alex Brown research was very accurate in its assessment
of the claims industry. We find it commonplace for a sales department to be
marketing over the net, while their service department is still searching for
meaningful ways to use it as a tool in managing their claims. Our solution for
claims management is 'Bricks to Clicks' (TM) a new application that enables
the Insurance industry to manage their losses with field inspected body shops.
The application provides full function real-time reporting on important stats,
such as average paid loss, turnaround time, and average loss adjustment
expense," commented Eric Seidel, president and CEO of eAutoclaims.com(TM).
    Seidel added, "All of the providers in the report are solid companies,
eAutoclaims is unique in that we have the ability to lower the Insurance
companies average paid loss. Currently, we are the only company that goes
beyond providing 'rails' to run on a systems. We take ownership of the claim
and leverage the buying power of all our clients getting deep discount from
our network. In effect, we are online 'HMO' for your car."
    Those wishing a copy can obtain the report from Deutsche Banc Alex Brown
or from the company by contacting Gary R. Craft, CFA 415-617-3269.

    About eAutoclaims.com:
    eAutoclaims.comTM Inc. is a pioneering business-to-business e-commerce
company that utilizes the Internet to streamline and lower the overall cost of
automotive repair paid by insurance companies and on corporately own fleet
vehicles. The company is creating a new online digital automotive maintenance
organization industry within the $123 billion market of the auto collision
claim industry. eAutoclaims.com Inc(TM) 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.com(TM) Inc.
generates revenue from administrative fees and discounts earned by processing
collision & glass work through its system.

    Note:  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.