eAutoclaims.com(TM) Announce Results of Nationwide Survey
26 September 2000
eAutoclaims.com(TM) Announce Results of Nationwide Survey
33% of Body Shops Are Asked by Consumers to Absorb 21% of the Deductible
PALM HARBOR, Fla., Sept. 26 eAutoclaims.com(TM)
(OTC Bulletin Board: EACC), today released industry results of a nationwide
survey of auto collision repair shops. The survey showed, more than 21% of the
time, consumers requested shops to absorb insurance deductibles on a regular
basis.
"Unbelievably, 17% of those collision repair shops surveyed stated that
they are asked to absorb the consumer's deductible over 40% of the time or
more. The end result is inflated physical damage losses for insurance
companies and higher insurance premiums for all consumers," commented Eric
Seidel, president and CEO of eAutoclaims.com. "In addition, the survey focused
on a number of shops that buy auto parts online and those that are currently
not using the Internet for part purchases. Over 66% responded that they would
like to use the Internet for online purchases in the future."
On September 12, 2000, over five hundred shops were sent eSurveys. All
questionnaires were programmatically tabulated online. eAutoclaims.com(TM)
conducts a monthly survey of the insurance claims industry to disseminate
current and future trends. Additional survey results can be viewed at the
company's website http://www.eAutoclaims.com. There is no charge for the information.
Next month the company will survey insurance company staff claims handlers and
staff adjusters. To submit a question for consideration one may do so at the
company's web site.
About eAutoclaims.com:
eAutoclaims.com(TM) Inc. 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 online digital automotive maintenance
organization industry within the $23 billion market of the auto collision
claim industry. eAutoclaims.com(TM) Inc. 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.
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: John Liviakis of Liviakis Financial Communications, Inc.,
415-389-4670, or fax 415-389-4694, or moreinfo@lfcnet.com, for
eAutoclaims.com; or investor-relations@eautoclaims.com.