eAutoclaims.com(TM) Announces 10 year Distribution Agreement With CompEst Estimating Solutions
6 December 2000
eAutoclaims.com(TM) Announces 10 year Distribution Agreement With CompEst Estimating SolutionsPALM HARBOR, Fla., Dec. 6 eAutoclaims.com(TM) (OTC Bulletin Board: EACC) today announced the signing of a 10 year distribution agreement with CompEst Estimating Solutions. CompEst Estimating Solutions, Columbus, Ohio, is a developer of quality windows based collision estimating software. eAutoclaims will offer the software to their 2,200 nationwide network of contracted collision repair facilities. The software will be part of the company's network Member Benefits program. "We have been testing CompEst's estimating software for over 90 days and have run hundreds of comparative estimates on the system. The results have been impressive and with the input of our staff auditors the product has all of the needed functionality for meeting the needs of our clients," commented Eric Seidel, president and CEO, eAutoclaims.com. "We are really excited about the buying power of the eAutoclaims.com network. The eAutoclaims.com shops will find value in our system and want to become subscribers," commented Chris Trevethan, president and CEO of CompEst Estimating Solutions. "This will give all CompEst shops the ability to join the eAutoclaims.com network and receive additional repair jobs. We look forward to working with eAutoclaims and are very thankful for their input." The company will begin marketing the product to their national repair network at preferred pricing with a monthly subscription fee under $200. The product enhances the company's ability to review estimates programmatically, however all estimates will continue to be reviewed by a live physical damage expert. The enhancement is expected to further reduce cycle time and enhance reporting capabilities. The agreement enables both companies to work exclusively with each other preventing the two from working with competing entities. It has giving the companies' tremendous centergies that is expected to foster other business projects. About eAutoclaims.com: eAutoclaims.com(TM) 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 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(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. 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. For Further Information: Email: investor-relations@eautoclaims.com Tony Altavilla, senior vice president, Liviakis Financial Communications, Inc 415-389-4670 / 415-389-4694 fax / moreinfo@lfcnet.com Email