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Claimsnet Announces Claims Processing Agreement With New Third Party Administrator

DALLAS, June 17 /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 Third Party Administrator (TPA) based in southeast Texas has elected to use Claimsnet's system and services.

This TPA is a leading third party administrator and benefits consultant. Their first priority is to determine why a client has or needs an employee benefit plan. Their method of working with each client is shaped by the purpose of the benefit plan. The objective is to create solutions, not merely identify problems. By doing this, their clients receive the highest quality health care with superior service at reasonable prices, a vital service in this current economic environment. They selected Claimsnet as their clearing house provider of choice to 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 southeast Texas based TPA. 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 has been completed 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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