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Claimsnet Announces Claims Processing Agreement With New Health Care Solutions Company

DALLAS, July 7 /PRNewswire-FirstCall/ -- inc. (OTC Bulletin Board: CLAI), a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare industry, announced today that a well established Health Care Solutions Company based in the state of Florida has elected to use Claimsnet's system and services.

This company is a leading provider of health claims administration and cost containment services in the international marketplace. Since their inception in 1994 the company has focused almost exclusively on facilitating healthcare for foreign visitors to the United States. They do this through products and services that focus on bringing value to the payer, medical provider, and health care consumer. Their choice of Claimsnet as their clearing house provider will reduce the cost of claims handling, speed up the claims processing functions and gain more efficiency from more complete automation of the claims process.

"We are very pleased to be working with this Florida based group. Their requirements called for an innovative, proven solution and we were able to meet their needs," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is under way and together we are in the process of working to ramp up the electronic claims volume." inc. is a leading provider of Internet-based claim processing solutions for the healthcare payer industry, including distinctive, advanced ASP technology. Headquartered in Dallas, Texas, Claimsnet offers systems that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at

Safe Harbor Statement Under the Private Securities Litigation Act 1995 - With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on business partners and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission.

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