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 Networks in the News 

June, 2000

Agreement provides additional revenue and value-added services

    eAutoclaims.com Inc. (OTCBB: EACC) announced it has signed a binding agreement to merge with Premier Express Claims (PEC). With $4.2 million in sales, a state-of-the-art call center, 21 existing insurance clients, and over 4100 vendors, PEC is one of the largest independent auto glass networks in the country. The terms of the agreement were not disclosed.

    eAutoclaims.com will integrate PEC’s glass network in the company’s Internet based "Bricks to Clicks Claims System”, making all existing services available to both companies’ clients with just a click of their claims department mouse. Both companies’ call centers will remain in full operation, connected virtually via the Internet. The PEC management team will be integrated into eAutoclaims.com with PEC’s CEO, Randy Wright to become eAutoclaims.com’s new chief operating officer.

    Eric Seidel, president, and CEO of eAutoclaims.com commented, “ Our agreement with PEC creates a tremendous growth opportunity for our company, and will immediately enhance both companies’ clientele base with new value-added services. In addition, Mr. Wright's years of experience will be a great asset to our organization and I am excited about working with him."

    Update June 28 >  eAutoclaims.com, Inc. and Premier Express Claims, Inc. today announced the closing of their merger agreement which initiated recently. eAutoclaims.com will be the surviving company. Currently, an aggressive launch is underway with a new sales campaign that will provide both companies' clients with discounted joint services.

    eAutoclaims.com, with a national network of 1,000s of Auto body shops, is expected to offer predatory pricing on their shop members' glass repairs. "We think this merger gives both our shop network and our insurance clients a competitive advantage. By combining our existing services, we lower our cost of sales and will pass the savings along to both the shop and the insurance company," commented Eric Seidel, president and CEO for eAutoclaims.com.

    Former president and CEO of Premier Express Claims, Randy Wright said, "Joining the eAuto team makes complete sense, with the new company we double our sales force and at the same time will virtually eliminate our G&A overlap. Our first priority is to establish distribution of all of our products to our clients. It is a very exciting time for the organization." Mr. Wright has become the new chief operating officer and a member of the company's Board Of Directors.

About eAutoclaims.com:

    eAutoclaims.com Inc. is a pioneering business-to-business e-commerce company that utilizes the Internet to streamline and lower the overall cost of automotive repair paid by insurance companies. The company is creating a new online digital automotive maintenance organization industry within the $60 billion market segment of the non-standard auto collision repair.

    eAutoclaims.com Inc. 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 support facilities into a network. The company offers a cost effective and highly advanced “Bricks to Clicks Claims System TM” for the processing and ultimate repair of damaged vehicles filed as insured auto claims. eAutoclaims.com Inc. generates revenue from administrative fees and discounts earned by processing collision work through its system for insurance companies.

About Premier Express Claims:

    PEC is an independent third party provider of insurance claim services, including First Notice of Loss, After Hours Claims Reporting, Auto Glass Claim Services, Estimate Auditing and Subrogation. These programs produce cost savings, generate operating efficiencies and enhance management control. PEC combines leading-edge technologies, organizational flexibility, and a high-touch customer service orientation to develop and deliver the finest claim administration services available.

    Their success in accomplishing this is evidenced by a 99% Customer Satisfaction Index. PEC’s 24 hour national call center is staffed with licensed adjusters and highly trained customer service representatives. CSRs are required to participate in ongoing training, and are monitored, recorded and critiqued on a weekly basis. Premier management places “blind” quality assurance calls into our call center on a daily basis. PEC utilizes a Computer Telephony system, which integrates LAN-based client/server computing with state-of-the-art telecommunication technology.

Website Links:

eautoclaims
Premier Express Claims

source: eautoclaims.com  Website Press Release