eLEC Communications Affiliate RiderPoint, Inc. Announces the Launch of Exclusive Rate Now, Buy Now E-Commerce Technology
30 August 2000
eLEC Communications Affiliate RiderPoint, Inc. Announces the Launch of Exclusive Rate Now, Buy Now E-Commerce Technology
NORWALK, Conn.--Aug. 30, 2000--RiderPoint, Inc., an affiliate of eLEC Communications Corp. and provider of comparative motorcycle insurance rates online, announced today that it has successfully deployed its exclusive Rate Now, Buy Now technology at www.riderpoint.com.The Rate Now, Buy Now technology allows customers to shop and purchase motorcycle insurance online in a comparative environment. The technology provides customers with significant amounts of information on each insurance carrier, including the details of the programs that they qualify for. The entire Rate Now, Buy Now process only takes minutes to complete and includes allowing the customer to print all of the necessary documents, including proof of insurance.
"Prior to the addition of Rate Now, Buy Now technology our customers were only able to shop online for comparative insurance quotes," said Craig Gironda, CEO of RiderPoint, Inc. "This technology makes it possible for them to purchase online. The process has been designed to be quick and easy for our customers to navigate. Every step has on-screen instructions to assist the customer in purchasing the right insurance coverage for their needs."
"We are quite pleased with RiderPoint's progress," stated Paul H. Riss, CEO of eLEC Communications. "Together, we have created a very consumer-friendly insurance site, with easy-to-use tools that provide consumers with insurance information and e-commerce in an integrated environment."
About eLEC Communications Corp.
eLEC Communications Corp. is a publicly-traded local telecommunications company that seeks to take advantage of the convergence of the current and future competitive technological and regulatory developments in the Internet and telecommunications markets. eLEC provides an integrated suite of communications services to small and medium-sized business customers, including local, long distance, dial-up access, dedicated access, xDSL, 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. eLEC'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; eLEC's ability to successfully market its services to current and new customers, generate customer demand for its products and services in the geographical areas in which eLEC can operate, access new markets, negotiate and maintain suitable 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 of binding an insurance policy, 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 RiderPoint.com. Quote availability by state of residence or any other factor is subject to change without notice.