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Claimsnet.com Reports First Quarter 2008 Results
Date:5/6/2008

any hired a new Vice President of Sales to focus on the payer industry and a sales representative to improve our penetration of the provider community. The results of these efforts seem promising, based on initial results in the first month. In addition, we have substantially completed the integration of the operations of Acceptius into our operations, and as a result we have further options in our sales efforts for paper conversion of claims and medical claims repricing opportunities. We believe these things taken together, along with continued cost controls, will move us towards profitability by the end of this calendar year," commented Don Crosbie, chief executive officer of Claimsnet.

Claimsnet.com 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 http://www.claimsnet.com.

Forward-Looking Statements - 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 suppliers and distribution channels, continued use of the Internet, achieving the anticipated benefits of capital expenditures, and achieving anticipated expense reductions. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and
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SOURCE Claimsnet.com inc.
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