eAutoclaims.com(TM) (EACC) Announces Contract With TIG Specialty Insurance Solutions, auto claims to run on the EACC's 'Bricks to Clicks(TM)' Internet Claims System
15 September 2000
eAutoclaims.com(TM) (EACC) Announces Contract With TIG Specialty Insurance Solutions, auto claims to run on the EACC's 'Bricks to Clicks(TM)' Internet Claims System
PALM HARBOR, Fla., Sept. 15 eAutoclaims.com(TM)
(OTC Bulletin Board: EACC) has been awarded a contract with TIG Specialty
Insurance Solutions(SM) The contract makes eAutoclaims the network claims
provider on specific programs under TIG Specialty's management. The amount of
service is expected to grow during the duration of the contract.
TIG Specialty has been conducting a test of the company's Internet claims
system and has decided to move forward based on its results. "Based on what
we have experienced, TIG Specialty expects to lower its paid losses by a
significant amount with the eAutoclaims.com network," stated Tom Wells, TIG
Specialty Insurance Solutions. "In addition, the company's Internet
technology provides reduced claim cycle time and a convenient process for our
insured."
Eric Seidel, president and CEO commented, "TIG Specialty Insurance
Solutions has been a leader in the non-standard market for years, and they
rightfully command industry respect. All of us at eAutoclaims.com are excited
to serve as the vehicle to move their auto physical damage claims process to
the Internet."
About eAutoclaims.com, Inc.
eAutoclaims.com(TM) is a pioneering business-to-business e-commerce
company that utilizes the Internet to streamline and lower the overall cost of
automotive repairs paid by insurance companies and on corporately own fleet
vehicles. The Company is creating a new on-line digital automotive
maintenance organization industry within the $123 billion market of the auto
collision claim industry. eAutoclaims.com(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 its system.
About TIG Specialty Insurance Solutions
TIG Specialty Insurance Solutions(SM) is the marketing name for the group
of TIG Insurance Companies. Insurance products are underwritten by TIG
Insurance Company or one of its subsidiaries or affiliates. TIG Insurance
Company is a leading property and casualty insurance company, providing
specialty insurance products nationwide.
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.
CONTACT: Tony Altavilla of Liviakis Financial, 415-389-4670, or fax,
415-389-4694, moreinfo@lfcnet.com, for eAutoclaims.com, Inc.