driversshield.com Signs Pilot Program Agreement With One of the Nation's Top Ten Insurers
19 December 2000
driversshield.com Signs Pilot Program Agreement With One of the Nation's Top Ten InsurersPLAINVIEW, N.Y., Dec. 19 driversshield.com Corp., announced today that it has signed an agreement to begin a regional pilot program with one of the nation's largest and best-known insurers. The agreement, signed December 15, provides for the immediate installation and use of driversshield.com's Web-based technology and services, which are designed to lower an insurer's auto collision repair and administrative costs, while increasing customer satisfaction and loyalty. The Company expects to have the program up and ready for use by the insurer before the end of January 2001. Because of a non-disclosure clause in the agreement, the Company is prohibited from releasing the name of the insurer at this time. The Company believes it will be able to release the name of the insurer after the pilot program gets under way and the client has realized its benefits. Since its founding in 1983, driversshield.com Corp. (formerly called First Priority Group) has built a national reputation for efficient, cost-saving management of collision claims for self-insured corporate and municipal vehicle fleets. Clients include Coca-Cola, Time Warner, IBM, Hershey Foods and many other prominent corporations. Through its affinity auto club programs, the Company has established relationships with Providian Financial, Assurant Group (part of the Fortis group), Aon, Protective Life, Priceline.com and other prestigious credit card, financial organizations and web sites. This announcement contains "forward-looking statements." Words "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission.