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Ebix, Inc. Named One of Chicagoland's Fastest Growing Technology Companies in the Deloitte Technology Fast 50 Program

Monday January 10, 8:30 am ET

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Jan. 10, 2005--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, has been named to Deloitte's prestigious Technology Fast 50 Program for Chicagoland, a ranking of the fifty fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.

Robin Raina, President and Chief Executive Officer of Ebix, stated, "We are honored to be a part of this select group of some of Chicago's finest companies, and we owe our success to the entire Ebix team spread all across the world, which conducts business across all five continents today. Through the first nine months of 2004, Ebix has continued its track record of success, reporting further revenue and earnings growth including record EPS of $0.31 in the third quarter.

"Additionally, at the end of 2004 our Company was recognized by Carnegie Mellon's Software Engineering Institute (SEI) at Level 4 of SEI's Capability Maturity Model (CMM). This distinction - awarded to the premier global software developers based on strict quantitative quality and productivity goals for software products and processes - puts Ebix on an elite list of only about 130 software development companies worldwide. This certification, in addition to The Deloitte Technology Fast 50 Award, provides Ebix employees with some well-deserved validation for the continued efforts that have fueled our recent growth."

"The Deloitte Chicagoland Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Jerry Sullivan, Managing Partner of Deloitte & Touche's Chicagoland Fast 50. "We applaud the successes of Ebix and acknowledge their place as one of the select companies to accomplish such a fast growth rate over the past five years."

To qualify for the Chicagoland Fast 50, companies must have had operating revenue of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in Chicagoland, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify): and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 18 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's to 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.

About Ebix

Founded in 1976, Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix has recently been awarded the coveted Level 4 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM).

Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations. Ebix has previously secured ISO 9001:2000 certification for both its development and call center units in India.

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. With bases in Singapore, Australia, the US, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

About Deloitte

Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touch LLP and Deloitte Consulting LLP) and its subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at www.deloitte.com/us.

Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.

Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names Deloitte, Deloitte & Touche, Deloitte Touche Tohmatsu or other related names. The services described herein are provided by the member firms and not by the Deloitte Touche Tohmatsu Verein. For regulatory and other reasons certain member firms do not provide services in all four professional areas listed above.

Contact:

     Jaffoni & Collins Incorporated
     Robert Rinderman or David Collins, 212-835-8500
     EBIX@jcir.com

Ebix Awarded Carnegie Mellon Software Engineering Institute CMM Level 4 Rating

Thursday December 30, 9:07 am ET

ATLANTA, Dec. 30, 2004 (PRIMEZONE) -- Ebix, Inc. (NasdaqSC:EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that it has been recognized by the Carnegie Mellon Software Engineering Institute (SEI) at Level 4 of SEI's Capability Maturity Model (CMM). This puts Ebix in the elite list of approximately 130 software development organizations worldwide that have been assessed at CMM Level 4.

A SEI-certified independent assessment team from Perot Systems TSI lead by the lead assessor Rakesh Soni (SEI ID 0000680-A) conducted the CMM assessment of Ebix's centralized worldwide development headquarters in Noida, India.

Level 4 status is awarded only to premiere, global software developers that successfully implement strict quantitative quality and productivity goals for both software products and processes. At CMM Level 4, also called the "Managed Level," Ebix sets quantitative quality goals for both software products and processes. Productivity and quality are measured for important software process activities across all projects as part of an organizational measurement program. At Level 4, software processes are instrumented with well-defined and consistent measurements, which establish the quantitative foundation for evaluating each project.

Robin Raina, President and Chief Executive Officer of Ebix, stated, "Achieving the CMM Level 4 rating represents a major milestone in our company's relentless focus on software excellence. Starting with the achievement of ISO 9000:2001 certification in 2003 and followed by today's SEI CMM Level 4 milestone, Ebix has demonstrated a commitment to quality that places us in an elite category of global software developers. Not only does this assure our existing and prospective customers of the high quality of our work, but it also underscores our ongoing quality commitment and ability to deliver projects on time, on budget and on spec.

"I am particularly proud of this achievement, as it was accomplished in record time and on schedule with the aggressive timetable we first announced in March 2004. This is particularly impressive as on an average, as per published SEI numbers, it takes a period of 66 months to move from level 0 to Level 4 of CMM. Our confidence in meeting the schedule was rooted in our existing quality processes and in the highly efficient development operations we have created at our software development facility in India."

Mr. Raina added, "From a competitive standpoint, this globally respected ranking allows Ebix to compete on equal footing with some of the world's largest IT companies while also differentiating Ebix from the large number of vendors who have not reached this level of quality distinction."

About CMM

The Capability Maturity Model for Software (CMM or SW-CMM) is a model for judging the maturity of the software processes of an organization and for identifying the key practices that are required to increase the maturity of these processes. The SW-CMM has been developed by the software community with stewardship by the Software Engineering Institute (SEI), Carnegie Mellon University.

The SW-CMM has become a de facto standard for assessing and improving software processes. Through the SW-CMM, the SEI and community have established an effective means for modeling, defining, and measuring the maturity of the processes used by software professionals.

About Carnegie Mellon

Carnegie Mellon is a private research university with a distinctive mix of programs in computer science, robotics, engineering, the sciences, business, public policy, fine arts and the humanities. Carnegie Mellon has contributed to development and use of other successful quality standards, such as CMMI(r), SW-CMM(r) and People CMM(r). For more information, visit http://www.cmu.edu.

(r)Capability Maturity Model, Carnegie Mellon, CMM and CMMI are registered in the U.S. Patent and Trademark Office by Carnegie Mellon University.

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. With bases in Singapore, Australia, the U.S., New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at http://www.ebix.com.

Safe Harbor for Forward-Looking Statements

This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, the risks associated with any future acquisitions, and integrating recently completed acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's ability to raise additional capital to finance future acquisitions and meet other funding needs, Ebix's dependence on a few customers (including one that is Ebix's largest stockholder), Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the Ebix website, the possible effects of insurance regulation on Ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities and Exchange Commission, including Ebix's quarterly report on Form 10-Q for the quarter ended September 30, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason.

Contact:

         
Ebix, Inc.
Robin Raina, President and CEO
678/281-2020

Jaffoni & Collins
Robert Rinderman, David Collins
212/835-8500
EBIX@jcir.com

Ebix Q3 EPS Rise 29% to All-Time Record of $0.31 Per Share

Year-To-Date EPS Are $0.70 Per Share

ATLANTA, Nov. 16, 2004 (PRIMEZONE) -- Ebix, Inc. (NasdaqSC:EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today reported its financial results for the 2004 third quarter (Q3 '04) and nine-month periods ended September 30, 2004.

Total revenue for Q3 '04 increased 36% to $5.7 million (approximately 97% coming from the Company's services segment), compared to $4.2 million (91% from services) in the third quarter of 2003 (Q3 '03).

Ebix's Q3 '04 income before income taxes rose 36% to $920,000, compared to $678,000 in Q3' 03. Q3 '04 net income rose to $981,000, or $0.31 per diluted share, versus Q3 '03 net income of $575,000, or $0.24 per diluted share. Weighted average diluted shares outstanding were 3,208,000 and 2,351,000 in the 2004 and 2003 third quarter periods, respectively. The year-over-year increase in the weighted average diluted shares principally reflects shares issued in conjunction with funding the two acquisitions completed in 2004 as well as the increase in the number of exercisable employee options.

For the first nine months of 2004, Ebix's revenue rose 29% to $14.3 million, compared to $11.1 million during the nine-month period ended September 30, 2003. Income before income taxes increased 52% to $2.3 million, versus $1.5 million in the year-earlier period. Ebix's net income for the first nine months of 2004 was $2.1 million, compared to net income of $1.2 million during the comparable 2003 period. Diluted earnings per share for the nine months increased 37% to $0.70, versus $0.51 in the comparable year-ago period. Weighted average diluted shares outstanding were 3,064,000 and 2,304,000 in the corresponding 2004 and 2003 nine-month periods, respectively.

Robin Raina, President and Chief Executive Officer of Ebix, stated, "Ebix extended its strong first half results in the third quarter, achieving sequential and year-over-year revenue and earnings growth during the period."

Ebix Executive Vice President and Chief Financial Officer Dick Baum, said, "Our acquisitions of LifeLink in the first quarter and Heart Consulting in Q3 were both important contributors to the Company's operating gains during the quarter. This represented the first full quarter of benefit from the Heart acquisition, which closed on the first day of Q3."

Mr. Raina concluded, "Over the past few years, we have successfully transitioned Ebix's business to become a 'pure-play' developer and provider of software and e-commerce services focused exclusively on serving the insurance industry. In addition, we have also developed a business process outsourcing (BPO) model through which we provide call center and back office services to insurance and other financial services companies.

"Looking ahead, we are focused on leveraging our substantial industry expertise in insurance, as well as our high quality software development team and BPO capabilities to drive organic growth in our business. We will also continue our strategy of pursuing complementary acquisitions that are accretive to Ebix's financial results."

About Ebix

Founded in 1976, Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. The Company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations. The Company is in the process of seeking SEI CMM Level 4 certification for its development units in India and has already secured an ISO 9001:2000 certification for both its development and call center units in India.

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the U.S., New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at http://www.ebix.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS



                        (financial tables follow)

                        Ebix, Inc. and Subsidiaries
                      Consolidated Income Statements
                 (in thousands, except per share amounts)
                              (Unaudited)

                             Three Months Ended     Nine Months Ended
                                September 30,         September 30,

                               2004       2003       2004       2003
 Revenue:

 Software                   $    174   $    373   $    734   $  1,141
 Services and other
  (Including revenues from
  related parties of
  $1,004, $1,502, $2,681
  and $2,486, respectively)    5,482      3,795     13,532      9,934
                            --------   --------   --------   --------
  Total revenue                5,656      4,168     14,266     11,075

 Operating expenses:

 Services and other costs      1,450      1,230      3,967      3,008
 Product development             781        408      2,202      1,198
 Sales and marketing             431        411      1,127      1,371
 General and administrative    1,994      1,460      4,678      3,999
                            --------   --------   --------   --------
  Total operating expenses     4,656      3,509     11,974      9,576
                            --------   --------   --------   --------
  Operating income             1,000        659      2,292      1,499

 Interest income                  28         22         70         57
 Interest expense               (105)        (4)      (108)       (14)
 Foreign exchange gain
  (loss)                          (3)         1          5        (56)
                            --------   --------   --------   --------

 Income before income taxes      920        678      2,259      1,486
 Income tax benefit
  (expense)                       61       (103)      (122)      (305)
                            --------   --------   --------   --------

 Net income                 $    981   $    575   $  2,137   $  1,181
                            ========   ========   ========   ========

 Basic earnings per common
  share                     $   0.34   $   0.25   $   0.78   $   0.52
                            ========   ========   ========   ========
 Diluted earnings per
  common share              $   0.31   $   0.24   $   0.70   $   0.51
                            ========   ========   ========   ========

 Basic weighted average
  shares outstanding           2,900      2,291      2,742      2,291
                            ========   ========   ========   ========

 Diluted weighted average
  shares outstanding           3,208      2,351      3,064      2,304
                            ========   ========   ========   ========


                       Ebix, Inc. and Subsidiaries
                Condensed Consolidated Statements of Cash Flows
                              (In thousands)
                               (Unaudited)


                                             Nine Months Ended
                                               September 30,

                                             2004         2003

 Cash flows from operating activities:   

 Net income                                $ 2,137      $ 1,181
 Adjustments to reconcile net income
  to net cash provided by operating
  activities:
 Depreciation and amortization                 814          315
 Stock-based compensation                       53           27
 Provision for doubtful accounts               123            7
 Changes in assets and liabilities,
  net of effect of acquisition:
 Accounts receivable                          (628)         914
 Other assets                                 (505)        (133)
 Accounts payable and accrued expenses        (210)         213
 Accrued payroll and related benefits         (847)         520
 Deferred revenue                              340         (330)
                                           -------      -------
  Net cash provided by operating
   activities                                1,277        2,714
                                           -------      -------    
 Cash flows from investing activities:

 Acquisition of LifeLink, net of cash
  acquired                                  (4,763)          -- 
 Acquisition of Heart, net of cash
  acquired                                  (3,152)
 Capital expenditures                         (170)        (454)
                                           -------      -------
  Net cash used in investing
   activities                               (8,085)        (454)
 Cash flows from financing activities:
 Proceeds from borrowings related to
  line of credit                             3,500           -- 
 Restricted cash                            (3,000)          --
 Proceeds from the issuance of common
  stock, net of issuance costs               2,977           -- 
 Proceeds from the exercise of
  common stock options                          45           --

 Principal payments under capital
  lease obligations                            (73)         (84)
                                           -------      -------
                                                                
 Net cash provided by (used in)
  financing activities                       3,449          (84)
                                           -------      -------    
                                                                 
 Effect of foreign exchange rates on
  cash                                          --            1
                                           -------      -------   
  Net change in cash and cash
   equivalents                              (3,359)       2,177
  Cash and cash equivalents at the
   beginning of the period                   7,915        4,993
                                           -------      -------    
  Cash and cash equivalents at the
   end of the period                       $ 4,556      $ 7,170
                                           -------      -------    

 Supplemental disclosures of cash
  flow information:

 Interest paid                             $    43      $    14
 Income taxes paid                         $   342      $    40


 Supplemental schedule of noncash investing activities:

 During the first quarter of 2004, the Company purchased all of the
 capital stock of LifeLink Corporation for consideration which 
 included 200,000 shares of common stock valued at $3,000,000, cash of
 $5,000,000, and a note payable of $2,226,000. The Company also
 capitalized approximately $128,000 of transaction costs in 
 conjunction with the acquisition. 

 During the third quarter of 2004, Ebix Australia acquired the
 operating assets of Heart Consulting Pty Ltd. in exchange for an
 aggregate purchase price (in Australian dollars) of A$10,175,000
 ($7,116,000 USD) (based on the exchange rate as published by the
 Reserve Bank of Australia on July 1, 2004 of A$0.6994 per United
 States Dollar ("USD")) payable as follows: A$5,175,000 ($3,619,000
 USD) in cash at closing, A$2,000,000 ($1,399,000 USD) payable under
 stand-by letters of credit issued by the Company's lender on the
 Company's line of credit in three equal annual installments on each 
 of the first, second and third anniversaries of the closing (the
 "Deferred Payments"), and A$3,000,000 ($2,098,000 USD) payable in
 157,728 shares of common stock of Ebix issued at the closing. The
 Company also capitalized approximately $37,000 of transaction costs 
 in conjunction with the acquisition. 


                             Ebix, Inc. and Subsidiaries
                             Consolidated Balance Sheets
                                   (in thousands)

                                       
                                       September 30,   December 31,
 ASSETS                                    2004            2003
                                           ----            ----
 Current assets:                        (Unaudited)
 Cash and cash equivalents               $  4,556       $  7,915
 Accounts receivable, less allowance
  of $342 and $356, respectively            3,027          1,787
 Other current assets                         878            364
                                         --------       --------
  Total current assets                      8,461         10,066
                                         --------       --------
 Restricted cash                            3,000             --
 Property and equipment, net                1,359          1,353
 Capitalized software, net                     27            109
 Goodwill                                  12,836            123
 Intangibles, net                           3,574             --
 Other assets                                 411            320
                                         --------       --------
 Total assets                            $ 29,668       $ 11,971
                                         ========       ========

 LIABILITIES AND STOCKHOLDERS'
  EQUITY

 Current liabilities:

 Accounts payable and accrued
  expenses                               $  1,620       $  1,778
 Accrued payroll and related
  benefits                                    650          1,287
 Current portion of long term debt            925             --
 Current portion of capital lease
  obligations                                  --             73
 Deferred revenue and deposit
  liabilities                               3,158          2,141
                                         --------       --------
  Total current liabilities                 6,353          5,279
                                         --------       --------
 Long term debt, less current
  portion                                   2,693             --
 Line of credit                             3,500             --
 Redeemable common stock (357,728
  and 0 shares issued and
  outstanding at September 30, 2004
  and December 31, 2003,
  respectively) stated at redemption 
  price                                     4,135             --
                                         --------       --------

 Stockholders' equity:

 Convertible Series D Preferred
  stock, $.10 par value, 2,000,000
  shares authorized, no shares
  issued and outstanding                       --             --
 Common stock, $.10 par value,
  40,000,000 shares authorized,
  2,904,674 and 2,316,767 shares
  issued and outstanding,
  respectively                                290            232
 Additional paid-in capital                92,669         88,706
 Deferred compensation                       (383)          (436)
 Accumulated deficit                      (80,114)       (82,251)
 Accumulated other comprehensive
  income                                      525            441
                                         --------       --------
 Total stockholders' equity                12,987          6,692
                                         --------       --------
 Total liabilities and stockholders'
  equity                                 $ 29,668       $ 11,971
                                         ========       ========

Contact:

          Ebix, Inc.
          Robin Raina, President/CEO
          (678) 281-2020

          Jaffoni & Collins Incorporated
          Robert L. Rinderman or David C. Collins 
          (212) 835-8500 or EBIX@jcir.com

Ebix Q2 Net Income Increases Eight-Fold To $710,000, or $0.23 Per Share, on 42% Increase in Revenue

Monday August 16, 8:50 am ET
LifeLink Acquisition Contributes to Strong Results

ATLANTA--(BUSINESS WIRE)--Aug. 16, 2004--Ebix, Inc. (NASDAQ:EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today reported its financial results for the 2004 second quarter (Q2'04) and six-month period ended June 30, 2004.

Total revenue for Q2'04 increased 42% to $4,676,000 (93% coming from the Company's services segment), from $3,295,000 (83% from services) in the second quarter of 2003 (Q2'03). Ebix's Q2'04 income before income taxes was $753,000, compared to $225,000 in Q2'03. Q2'04 net income rose approximately eight-fold to $710,000, or $0.23 per diluted share, versus Q2'03 net income of $89,000, or $0.04 per diluted share. Weighted average diluted shares outstanding were 3,066,000 and 2,298,000 in the 2004 and 2003 second quarter periods, respectively.

For the first half of 2004, Ebix's revenues rose 25% to $8,610,000, compared to $6,907,000 during the six-month period ended June 30, 2003. First half '04 income before income taxes increased 66% to $1,339,000, versus $808,000 in the year-earlier period. Ebix's net income for the 2004 first half was $1,156,000, 91% higher than its net income of $606,000 during the comparable 2003 period. 2004 first half diluted earnings per share increased 50% to $0.39, compared to $0.26 in the prior year. Weighted average diluted shares outstanding were 2,992,000 and 2,293,000 in the 2004 and 2003 six-month periods, respectively.

Commenting on the strong quarterly results, Robin Raina, President and Chief Executive Officer of Ebix, stated, "Second quarter results benefited from a first full quarter's contribution from our LifeLink acquisition and an overall increase in our mix of business toward higher margin software development and services launched over the past two years. Not included in these results is any contribution from our second acquisition - Australia-based Heart Consulting - which closed on July 1st and will provide a full quarter's benefit to our Q3 financials."

Ebix Executive Vice President and Chief Financial Officer Dick Baum, said, "Ebix achieved positive operating cash flow of $193,000 in the first half of 2004. Revenue growth combined with our expense management discipline, contributed to this noteworthy performance. Though we have incurred a modest amount of debt in conjunction with the long-term cash consideration associated with our two recent acquisitions, we believe operating cash flow is more than sufficient to service these obligations going forward."

Mr. Raina concluded, "Another noteworthy development for the Company has been our addition of several highly qualified directors to the Ebix Board, each of whom brings relevant experience, expertise and industry contacts to the boardroom. Looking ahead, we will continue to focus on the insurance industry vertical market, while making sincere efforts to blend organic growth with accretive, strategic acquisitions that meet our strict criteria including immediate bottom-line contributions as well as business synergy."

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, the risks associated with any future acquisitions, and integrating recently completed acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's ability to raise additional capital to finance future acquisitions and meet other funding needs, Ebix's dependence on a few customers(including one that is Ebix's largest stockholder), Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the Ebix website, the possible effects of insurance regulation on Ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities Exchange Act of 1934, including Ebix's quarterly report on Form 10-Q for the quarter ended June 30, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason.

(financial tables follow)

-0-

                      Ebix, Inc. and Subsidiaries
                      Consolidated Balance Sheets
                            (in thousands)

                                               June 30,   December 31,
ASSETS                                           2004         2003
                                            --------------------------
Current assets:                              (Unaudited)
Cash and cash equivalents (restricted cash
 of $3,000 and $0, respectively, in
 accordance with the line of credit
 agreement)                                       $9,665       $7,915
Accounts receivable, less allowance of $290
 and $356, respectively                            3,145        1,787
Other current assets                                 663          364
                                            --------------------------
    Total current assets                          13,473       10,066
                                            --------------------------
Property and equipment, net                        1,364        1,353
Capitalized software, net                             55          109
Goodwill                                           9,427          123
Other assets                                         411          320
                                            --------------------------
Total assets                                     $24,730      $11,971
                                            ==========================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses             $1,675       $1,778
Accrued payroll and related benefits                 576        1,287
Current portion of long term debt                    500            -
Current portion of capital lease obligations          11           73
Deferred revenue and deposit liabilities           2,843        2,141
                                            --------------------------
    Total current liabilities                      5,605        5,279
                                            --------------------------
Long term debt, less current portion               1,726            -
Line of credit                                     3,500
Other liabilities                                  2,700            -
                                            --------------------------
Total liabilities                                 13,531        5,279
                                            --------------------------

Stockholders' equity:
Convertible Series D Preferred stock, $.10
 par value, 2,000,000 shares
 authorized, no shares issued and outstanding          -            -
Common stock, $.10 par value,
 40,000,000 shares authorized, 2,738,990
 and 2,316,767 shares issued and
 outstanding, respectively                           274          232
Additional paid-in capital                        91,945       88,706
Deferred compensation                               (393)        (436)
Accumulated deficit                              (81,095)     (82,251)
Accumulated other comprehensive income               468          441
                                            --------------------------
Total stockholders' equity                        11,199        6,692
                                            --------------------------
Total liabilities and stockholders' equity       $24,730      $11,971
                                            ==========================

                     Ebix, Inc. and Subsidiaries
                    Consolidated Income Statements
               (in thousands, except per share amounts)

                                   Three Months Ended Six Months Ended
                                         June 30,          June 30,
                                      2004     2003     2004     2003
                                   --------- -------- -------- -------
Revenue:
Software                               $333     $558     $560    $768
Services and other (Including
 revenues from related parties of
 $724, $179, $1,676 and $805,
 respectively)                        4,343    2,737    8,050   6,139
       Total revenue                  4,676    3,295    8,610   6,907

Operating expenses:
Services and other costs              1,354      773    2,517   1,778
Product development                     861      430    1,421     790
Sales and marketing                     423      499      696     960
General and  administrative           1,297    1,375    2,684   2,539
       Total operating expenses       3,935    3,077    7,318   6,067
       Operating income                 741      218    1,292     840

Interest income                          15       20       42      35
Interest expense                         (1)      (5)      (3)    (10)
Foreign exchange gain (loss)             (2)      (8)       8     (57)

Income before income taxes              753      225    1,339     808
Income tax expense                      (43)    (136)    (183)   (202)

Net income                             $710      $89   $1,156    $606
                                   ========= ======== ======== =======

Basic earnings per common share       $0.26    $0.04    $0.43   $0.26
                                   ========= ======== ======== =======
Diluted earnings per common share     $0.23    $0.04    $0.39   $0.26
                                   ========= ======== ======== =======

Basic weighted average shares
 outstanding                          2,739    2,291    2,662   2,291
                                   ========= ======== ======== =======

Diluted weighted average shares
 outstanding                          3,066    2,298    2,992   2,293
                                   ========= ======== ======== =======

                     Ebix, Inc. and Subsidiaries
             Reconciliation of EBITDA to GAAP Net Income

                                 Three months ended  Six months ended
(in thousands)                        June 30,           June 30,
                                   2004      2003     2004      2003
                               ---------------------------------------
Net income                           $710       89     1,156     $606
Add back:
Depreciation and amortization         270      108       487      202
Interest expense, net                 (14)     (15)      (39)     (25)
Income taxes                           43      136       183      202
EBITDA                             $1,009      318     1,787     $985

               Ebix, Inc. and Subsidiaries
          Consolidated Statements of Cash Flows
                      (In thousands)
                                             Six Months Ended June 30,
                                                  2004        2003
                                             -------------------------
Cash flows from operating activities:
Net income                                          1,156         606
Adjustments to reconcile net income to net
 cash provided by operating activities:
Depreciation and amortization                         487         202
Stock-based compensation                               47          23
Provision for doubtful accounts                        60          40
Changes in assets and liabilities:
Accounts receivable                                  (683)        808
Other assets                                         (290)       (280)
Accounts payable and accrued expenses                (115)        341
Accrued payroll and related benefits                 (921)        196
Deposit liabilities and deferred revenue              452         365
                                             -------------------------
  Net cash provided by (used in)
   operating activities                               193       2,301
                                             -------------------------
Cash flows from investing activities:
Investment in LifeLink                             (4,763)          -
Capital expenditures                                 (122)       (388)
                                             -------------------------
  Net cash used in investing activities            (4,885)       (388)
                                             -------------------------
Cash flows from financing activities:
  Proceeds from borrowings related to line
   of credit                                        3,500
Proceeds for the issuance of common stock,
 net of issuance costs                              2,977           -
Proceeds for the issuance of common stock
 related to LifeLink                                    -           -
Proceeds from borrowings related to LifeLink            -           -
Payments of capital lease obligations                 (62)        (55)
  Net cash provided by (used in) financing
   activities                                       6,415         (55)
                                             -------------------------
Effect of foreign exchange rates on cash               27         (72)
                                             -------------------------
  Net change in cash and cash equivalents           1,750       1,786
  Cash and cash equivalents at the beginning
   of the period                                    7,915       4,993
                                             -------------------------
  Cash and cash equivalents at the end of
   the period                                      $9,665      $6,779
                                             -------------------------
Supplemental disclosures of cash flow
 information:
Interest paid                                          $3          10
Income taxes paid                                     185         154
  Supplemental schedule of non-cash
   investing activities:
      During the first quarter of 2004, the
       Company purchased all of the capital
       stock of LifeLink Corporation for
       consideration which included 200,000
       shares of common stock valued at
       $3,000,000, cash of $5,000,000, and a
       note payable of $2,226,000. The Company
       also capitalized approximately $128,000
       of transaction costs in conjunction with
       the acquisition.

Contact:

     Ebix, Inc.
     Robin Raina, 678/281-2020
                   or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins
     212/835-8500 or EBIX@jcir.com

Ebix Adds Insurance Industry Research and Corporate Finance Veteran to Its Board with Appointment of Paul J. Hodges

Monday August 2, 9:36 am ET

ATLANTA--(BUSINESS WIRE)--Aug. 2, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that Paul J. Hodges has agreed to join the Company's Board of Directors. Mr. Hodges is Ebix's third recent appointment to the Board, joining Kenneth D. Merin and Hans Ueli Keller (Huk), and fourth in the past two months. Hodges's appointment brings the number of Board members to eight, including seven "independent" directors.

Mr. Hodges has been an investment banker at Collins Stewart in London, where he specialized in underwriting issues and raising capital for the insurance, financial services and water-related sectors. Since 2000, he and his colleagues have helped companies raise approximately $3.0 billion.

From 1981 through 1996, including six years in which he was the top-ranked analyst in the insurance sector, Mr. Hodges was employed as a sell-side equity analyst at several prominent investment banking and brokerage firms, including HSBC James Capital and Kleinwort Benson.

In 1997, he left the investment research field to become a founding member of Schroder Securities, which was subsequently acquired by Salomon Brothers. At Schroder, Mr. Hodges was involved in a number of important insurance archaeology projects, including one involving a major U.S. tobacco manufacturer testing the availability of insurance coverage for health-related liabilities.

Ebix Chairman, President and Chief Executive Officer Robin Raina stated, "Paul brings years of experience and knowledge of the financial markets to Ebix's Board. He has assisted insurance and financial services companies expand their businesses by helping them raise capital. My fellow Board members and I enthusiastically welcome him."

"In recent weeks, Ebix has appointed four new directors with seemingly relevant experience in a variety of fields and disciplines, and I am very pleased to be among them," said Paul J. Hodges. "The Company is growing organically and through accretive acquisitions, focusing on software development tailored exclusively to insurance carriers, brokers and agencies, and I look forward to playing a key role in Ebix's future success as a contributing member of the Board."

Mr. Hodges is a graduate of the London School of Economics (1980) with a B.Sc. in Econometrics, and he earned a Masters (M.Sc) in Management Sciences (1981) from Imperial College, London.

About Ebix

Founded in 1976, Ebix, Inc. is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The Company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS - This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, the risks associated with any future acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's dependence on a few customers, Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the ebix website, the possible effects of insurance regulation on ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities Exchange Act of 1934, including Ebix's annual report on Form 10-K for the quarter ended March 31, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason

Contact:

     Ebix, Inc.
     Robin Raina, President/CEO
     678-281-2020
     or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins
     212-835-8500 or EBIX@jcir.com

Seasoned Insurance Industry Veteran Kenneth D. Merin, Esq. Joins Ebix Board

Thursday July 29, 2:49 pm ET

ATLANTA--(BUSINESS WIRE)--July 29, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced the appointment of Kenneth D. Merin, Esq., an attorney with approximately 30 years of insurance industry and prominent federal and state governmental experience, to its Board of Directors. Mr. Merin, is the second director to join Ebix's Board in the past week, and his appointment brings the number of directors to seven, six of whom are deemed "independent" directors under Sarbanes-Oxley legislation.

Following his graduation with a J.D. degree from Seton Hall University School of Law in 1975, Mr. Merin served as Partner at two law firms with international practices, and he currently oversees the Insurance Regulatory Practice at Purcell, Ries, Shannon, Mulcahy and O'Neill, based in New Jersey. At present, he is also the President of the Charles Hayden Foundation, a New York City-based non-profit organization dedicated to helping underprivileged children.

During the successful campaign of Thomas H. Kean, who was elected Governor of New Jersey in 1981, Mr. Merin played a prominent role. Following the election of Governor Kean, he served as the Governor's Deputy Chief Counsel, and was later appointed in 1984 as New Jersey Commissioner of Insurance. He served as Director of Policy and Planning in the State Legislature in 1985 before returning to his post of Commissioner of Insurance the following year, and retained that position until 1990 when he entered private practice.

His governmental experience includes work on public policy issues impacting State and Federal governments during his tenure with the United States Congress from 1975 through 1980. He served as Legislative Attorney with the Congressional Research Service and provided counsel to Committees at both the Senate and House of Representatives.

"Kenneth Merin brings a wealth of relevant legal and insurance expertise to our Board," said Ebix Chairman, President and Chief Executive Officer Robin Raina. "In recent weeks we have added three new, experienced directors, all of whom bring unique and relevant backgrounds and relationships to the boardroom and our Company. Coming off a solid 2003 and with two accretive acquisitions under our belt thus far in 2004, we are optimistic about Ebix's prospects for 2004 and beyond."

Commenting on his appointment to Ebix's Board, Mr. Merin stated, "As a veteran and close observer of the insurance industry, I am acutely aware of the need for many carriers and agencies to upgrade their technological capacities in order to operate more efficiently and effectively. Robin and his team at Ebix have been doing an excellent job of facilitating this transition into high tech applications and solutions. I look forward to contributing to the Company's future growth and success and am very pleased to accept this appointment to Ebix's Board of Directors."

Mr. Merin served as an infantry officer in the United States Army from 1969 to 1972 during the Vietnam War following his graduation from George Washington University with a B.A. in 1969.

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

Contact:

     Ebix, Inc.
     Robin Raina, President/CEO, 678-281-2020
      or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins, 212-835-8500
     EBIX@jcir.com

Former Credit Suisse Board Member Joins Ebix Board

Monday July 26, 2:37 pm ET

ATLANTA--(BUSINESS WIRE)--July 26, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that Zurich-based former Credit Suisse Board Member Hans Ueli Keller, 51, has joined the Ebix Board. With Mr. Keller's appointment, Ebix's Board has increased to six members.

With a career spanning 26 years, Hans Ueli Keller spent 20 years with Credit Suisse in a variety of senior positions. He served as Executive Board member of Credit Suisse from 1997 to 2000, Head of Retail Banking from 1993 to 1996, and Head of Marketing from 1985 to 1992. He is presently also serving as Chairman of the Board of Swisscontent Corp. AG in addition to being a member of the Board of Directors of KdLabs AG.

Mr. Keller graduated from St. Gall University with a specialization in Banking and also pursued Doctoral studies in marketing. He has completed advanced management programs at both Harvard Business School and France's INSEAD. During the years 1998 to 2000, he was honored with a number of teaching assignments in prestigious institutions like the Swiss Banking School and the International Banking School New York and served as the Visiting Professor of Business Administration at St. Gall University.

"Over the last few years, Ebix has emerged as a textbook case of how a company needs to focus on the basics to transform itself from a loss-making organization into a consistently profitable company," Hans Ueli Keller said. "Ebix today needs to plan its growth path in a prudent manner while making sure that its top line and bottom line both increase proportionately. I am excited to be joining the Board to help the management team with financial guidance and advice on growing its business in European markets."

"I am excited to have the expertise of such a seasoned European executive with senior Banking experience on our Board," said Robin Raina, Chairman, President & CEO, Ebix. "Hans Ueli Keller (Huk) has a hands-on track record that would be the envy of any senior executive. His joining the Board will provide us with valuable guidance in expanding our European business."

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

Contact:

     Ebix, Inc.
     Robin Raina, President/CEO, 678-281-2020
      or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins, 212-835-8500
     EBIX@jcir.com

Ebix Appoints BDO Seidman as Independent Auditors

Thursday July 8, 6:38 pm ET

ATLANTA--(BUSINESS WIRE)--July 8, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced the appointment of BDO Seidman, LLP as the Company's independent auditors for the year ending December 31, 2004.

The appointment of BDO was approved by Ebix's audit committee following a review of the qualifications and proposed audit scope and fees of both BDO and KPMG LLP, which resigned as Ebix's auditors effective June 30, 2004. During the years ended December 31, 2003 and 2002 and the subsequent interim period through June 30, 2004, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to KPMG's satisfaction, would have caused them to make reference to the subject matter in connection with their report on the Company's financial statements for such periods.

Commenting on the appointment of BDO Seidman, Robin Raina, President and CEO of Ebix, said, "We are pleased to engage BDO Seidman as independent auditors for Ebix as we believe they possess the requisite base of industry and international experience required by the global reach of our operations and our strategic focus on insurance industry solutions. We also believe that BDO will prove to be an excellent fit for Ebix as far as their fee structures, the scope of their services, and their ability to fully serve the needs of a company of our size.

"On behalf of the Company, I would like to thank KMPG for their contribution to our business over the past five years, a period of substantial change and progress at Ebix. We hold their professional team in very high regard."

About BDO Seidman, LLP

BDO Seidman, LLP is a national professional services firm providing assurance, tax, financial advisory and consulting services to private and publicly traded businesses. For more than 90 years, BDO has provided quality service and leadership through the active involvement of its most experienced and committed professionals.

BDO Seidman serves clients through more than 35 offices and 250 independent alliance firm locations nationwide. As an independent member firm of BDO International, BDO Seidman serves clients by leveraging a global distribution network of resources comprised of nearly 600 member firm offices in 99 countries.

About Ebix

Founded in 1976, Ebix is one of the leading international developers and suppliers of software and e-commerce solutions to the insurance industry. Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Ebix provides a series of application software for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for entities involved in the insurance and financial industries. The company, with bases in Singapore, Australia, US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents.

Ebix combines new technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations. The company is in the process of seeking SEI CMM Level 4 certification for its development units in India and has already secured an ISO 9001:2000 certification for both its development and call center units in India. For more information, visit the company's Web site at www.ebix.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes," "should" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, integration and other risks associated with the acquisition of Heart (including the risk that the acquisition is not consummated) and any other acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's dependence on a few customers, Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the ebix website, the possible effects of insurance regulation on ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities Exchange Act of 1934, including Ebix's quarterly report on Form 10-Q for the quarter ended March 31, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason.

Contact:

     Ebix, Inc.
     Robin Raina, 678-281-2020
     or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman/David C. Collins, 212-835-8500
     or
     EBIX@jcir.com

Ebix Completes Acquisition of Heart Consulting Pty Ltd.

Thursday July 8, 11:53 am ET

Represents Second Accretive Acquisition in 2004

ATLANTA--(BUSINESS WIRE)--July 8, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that effective July 1, 2004, it has completed the acquisition of the operating assets of Melbourne-based Heart Consulting Pty Ltd. The acquisition, Ebix's second this year, adds over 700 brokers in Australia to Ebix's roster of customers, providing Ebix with a leadership role in the Australian market. The acquisition is expected to be accretive to Ebix earnings per share for 2004.

Ebix acquired the operating assets of Heart for an aggregate purchase price (in Australian dollars) of A$10,175,000 (approximately US$7,017,000), payable as follows:

A$5,175,000 paid in cash at closing (approximately US$3,569,000).
A$2,000,000 (approximately US$1,379,000) payable in cash, without interest, over three years.
A$3,000,000 representing 157,728 restricted shares of Ebix common stock.

Heart Consulting's revenues increased approximately 36% to approximately US$3.0 million for the 12-month period ended June 30, 2004, generating EBITDA of approximately US$1.8 million.

In February 2004, Ebix completed the acquisition of LifeLink Corp. Inc., adding hundreds of U.S. brokers and approximately 35 life insurance companies as customers. LifeLink Corp. had revenues of $5.3 million for the year ended December 31, 2003, up approximately 23% from the prior fiscal year.

About Ebix

Founded in 1976, Ebix is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

About Heart Consulting Pty Ltd.

Heart Consulting Services Pty Ltd is an Australian wholly owned company, specializing in providing software and related services to the insurance broker markets for over 20 years. Heart's flagship application, WinBEAT is an Application Service Provider (ASP) system provided to more than 700 Australian insurance intermediary sites with over 3,500 users Australia-wide. For additional information about Heart, please visit www.heart.com.au

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes," "should" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, integration and other risks associated with the acquisition of Heart (including the risk that the acquisition is not consummated) and any other acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's dependence on a few customers, Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the ebix website, the possible effects of insurance regulation on ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities Exchange Act of 1934, including Ebix's quarterly report on Form 10-Q for the quarter ended March 31, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason.

-0-

                       Heart Consulting Pty Ltd.
          EBITDA for the 12-Month Period Ended June 30, 2004


                                                    $ AUSD     $ USD
----------------------------------------------------------------------
Net Profit Before Tax                             1,732,700 1,195,563
----------------------------------------------------------------------
Interest Income                                      15,700    10,833
----------------------------------------------------------------------
Depreciation*                                        23,000    15,870
----------------------------------------------------------------------
Amortization**                                      900,000   621,000
----------------------------------------------------------------------
EBITDA                                            2,640,000 1,821,600
======================================================================

Note:

Depreciation for the 12 months ending June 30, 2005 is expected to be US $16,000
Amortization for the 12 months ending June 30, 2005 is expected to be US $150,000

Exchange Rate: $AUSD 1.0 = $ USD 0.69.

Contact:

     Ebix, Inc.
     Robin Raina, 678-281-2020
     or:
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins,  212-835-8500
     EBIX@jcir.com

Ebix Announces Acquisition of Leading Australian Agency Systems Company Heart Consulting Pty Ltd.

Monday June 28, 8:51 am ET

ATLANTA--(BUSINESS WIRE)--June 28, 2004--Ebix, Inc. (NASDAQ: EBIX - News)

Acquisition Ensures Ebix A Leadership Role in Australian Markets and Is Expected to Be Accretive In Earnings For Ebix's 2004 EPS

Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that it has signed an agreement to acquire the operating assets of Melbourne-based Heart Consulting Pty Ltd. The acquisition, Ebix's second this year is expected to be add in excess of 700 brokers in Australia to Ebix's roster of customers, providing Ebix with a leadership role in the Australian markets.

Under terms of the agreement, Ebix will acquire the operating assets of Heart in exchange for an aggregate purchase price (in Australian dollars) of A$10,175,000 (approximately US$7,017,000 at today's exchange rate), payable as follows:

A$5,175,000 (approximately US$3,569,000 at today's exchange rate) to be paid in cash at closing.
A$2,000,000 (approximately US$1,379,000 at today's exchange rate) payable in cash, without interest, over a period of three years.
A$3,000,000 (approximately US$2,069,000 at today's exchange rate) payable in shares of the common stock of Ebix to be issued at the time of closing (based on Ebix's average closing share price over the 30-day period prior to the closing).

The closing of the acquisition, which is subject to customary conditions, is expected to occur at the beginning of July 2004. Ebix intends to integrate this company's operations into its existing Australian company's operations in Sydney, while retaining all the Melbourne based employees of Heart Consulting. Ebix announced that it has named Leon D'Apice, Managing Director of Ebix's existing Sydney based Australian subsidiary to head the joint operations in Australia after the acquisition.

Accretive Acquisition for Ebix

Ebix anticipates that Heart Consulting Pty Ltd. will achieve revenues of approximately $3.0 million for the 12-month period ending 30th June 2004, up approximately 36% from the prior 12-month period, with EBITDA of approximately $ 1.8 million. The acquisition is expected to be accretive in earnings to Ebix for 2004.

Leadership Position in the Australian Markets

With this acquisition, Ebix would acquire a leadership position in the Australian markets as an agency systems vendor.
In addition, Ebix anticipates that this acquisition will provide Ebix with a steady revenue stream from a base of hundreds of agents currently using the ASP-based agency system provided by Heart.

"Acquisitions are an important component of our growth strategy for Ebix, and Heart is a natural fit for Ebix since it met all our requirements of our acquisition plan. First, it is expected to be accretive in terms of positive cash flows and earnings both with no existing debts as on date. Second, the acquisition will make Ebix a leading player in a niche area of insurance software in Australia." Robin Raina President & CEO of Ebix, Inc. said, "Third, the acquisition fits into our technology vision of providing anytime, anyplace, anywhere ASP technologies to the insurance markets. Finally, the acquisition should allow us cross selling opportunities in terms of providing services in two key areas: (1) Exchange of data between different insurance entities and (2) Providing insurance company systems.

About Ebix

Founded in 1976, the company is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

The company provides a series of application software for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for entities involved in the insurance and financial industries. The company, with bases in Singapore, Australia, US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For additional information about Heart, please visit www.ebix.com

About Heart Consulting Pty Ltd.

Heart Consulting Services Pty Ltd is an Australian wholly owned company, specializing in providing software and related services to the Insurance broker markets for over 20 years now. Heart's flagship application, WinBEAT is an Application Service Provider (ASP) system provided to more than 700 Australian Insurance Intermediary sites with over 3,500 users Australia-wide. For additional information about Heart, please visit www.heart.com.au

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release contains various forward-looking statements and information that are based on Ebix management's beliefs, as well as assumptions made by and information currently available to management. Ebix has tried to identify such forward looking statements by use of such words as "will," "expects," "intends," "anticipates," "plans," "believes," "should" and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Ebix.com website and other new products and services can be successfully developed and marketed, integration and other risks associated with the acquisition of Heart (including the risk that the acquisition is not consummated) and any other acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, possible governmental regulation and/or other adverse consequences resulting from negative perception of the outsourcing of business processes to foreign countries, Ebix's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, Ebix's dependence on a few customers, Ebix's dependence on the insurance industry, the highly competitive and rapidly changing automation systems market, Ebix's ability to effectively protect its applications software and other proprietary information, Ebix's ability to attract and retain quality management, and software, technical sales and other personnel, the risks of disruption of Ebix's Internet connections or internal service problems, the possible adverse effects of a substantial increase in volume of traffic on Ebix's website, mainframe and other servers, possible security breaches on the ebix website, the possible effects of insurance regulation on ebix, the possible effects of the Securities and Exchange Commission's investigation of Ebix's financial reporting, and possible future terrorist attacks or acts of war. Certain of these, as well as other risks, uncertainties and other factors, are described in more detail in Ebix's periodic filings with the Securities Exchange Act of 1934, including Ebix's quarterly report on Form 10-Q for the quarter ended March 31, 2004. Except as expressly required by the federal securities laws, Ebix undertakes no obligation to update any such factors or any of the forward-looking statements contained herein to reflect changed circumstances or future events or developments or for any other reason

EBITDA FOR THE 12-MONTH PERIOD ENDING JUNE 30, 2004

-0-

                                                  $ AUSD    $ USD
----------------------------------------------------------------------
Net Profit Before Tax                             1,732,700 1,195,563
----------------------------------------------------------------------
Interest Income                                      15,700    10,833
----------------------------------------------------------------------
Depreciation*                                        23,000    15,870
----------------------------------------------------------------------
Amortization**                                      900,000   621,000
----------------------------------------------------------------------
EBITDA                                            2,640,000 1,821,600
======================================================================

Note:

Depreciation for the 12 months ending June 30, 2005 is expected to be US $16,000
Amortization for the 12 months ending June 30, 2005 is expected to be US $150,000

Exchange Rate: $AUSD 1.0 = $ USD 0.69

Contact:

     Ebix, Inc.
     Robin Raina, President/CEO, 678/281-2020
     or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins, 212/835-8500
     EBIX@jcir.com

MCI Senior Finance Exective Elected Chairman of the Ebix Audit Committee

Wednesday June 9, 1:37 pm ET

ATLANTA--(BUSINESS WIRE)--June 9, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that Pavan Bhalla, senior vice president - MCI Inc., has been elected Chairman of the Ebix Audit committee. This news follows the MCI executive joining Ebix as a Board member last week.

With a Masters in Business Administration - Analytic Finance from the University of Chicago, a Masters in Business Administration - MIS from Simon Fraser University, Canada, and as a Certified Public Accountant from Illinois, Bhalla spent the last 22 years in a variety of senior finance executive positions. As senior vice president in MCI, he presently oversees financial management of MCI's Enterprise Markets operating unit.

Before joining MCI in August of 2003, Mr. Bhalla spent over seven years with BellSouth Corporation, serving in a variety of executive positions, including chief financial officer of BellSouth Long Distance Inc. from 1999 to 2003, Corporate Controller of BellSouth Cellular Corp. from 1997 to 1999, and Director Finance of BellSouth Cellular Corp. from 1996 to 1997.

Bhalla also brings a strong background of hands-on accounting and auditing functions, having served as an Auditor for A F Ferguson & Co., Ernst & Young, Sears, Roebuck & Co. and Ameritech between 1982 and 1996.

"Over the past three years, Ebix has successfully engineered a complete turnaround and today is poised to build on its success and grow through a mix of accretive acquisitions and internal growth. I am excited to join the Board and help the management team implement its vision while adhering to the increasing requirements of being a public company today - in terms of financial disclosure and Sarbanes-Oxley compliance."

"I am excited to have the expertise and counsel of an experienced, successful senior finance professional like Pavan in a leadership role on the audit committee," said Robin Raina, Chairman, President & CEO, Ebix. "Pavan has led many multi-billion dollar companies through financial restructuring, controls and more recently SOX compliance. His expertise in these areas is bound to provide immense help to our Finance team."

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.

Contact:

     Ebix, Inc.
     Robin Raina, 678-281-2020
     or
     Jaffoni & Collins Incorporated
     Robert L. Rinderman or David C. Collins, 212-835-8500
     EBIX@jcir.com

Ebix Receives Two ACORD Awards

Wednesday May 26, 8:00 am ET

ATLANTA--(BUSINESS WIRE)--May 26, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that it has received the following two ACORD Awards:

Business Integration Award
Certification Award

These awards were given to Ebix at an invitation-only ACORD Awards Luncheon on Sunday, May 23, 2004.

Congratulating Ebix on its achievement, Denise Garth, Vice President, Membership and Development, ACORD said: "You have shown your leadership and your commitment to the adoption of standards within the industry. Ebix, Inc. is setting an example for the rest of the industry that we hope inspires others to join ACORD and begin their work with data standards."

About Ebix

Founded in 1976, the Company is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The Company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

The company provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents.

Contact:

     Topaz Partners
     Ian Stanton, 781-388-7900 Ext. 212

Ebix Reports 9% Increase in Q1 Revenue and Diluted Eps of $0.15 on Higher Share Count

Monday May 17, 8:02 am ET

ATLANTA--(BUSINESS WIRE)--May 17, 2004--Ebix, Inc. (NASDAQ: EBIX - News), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced its financial results for the first quarter ended March 31, 2004. Ebix's Q1 2004 results reflect the impact of the completion of its acquisition of LifeLink Corporation on February 23, 2004.

Total revenue for the quarter ended March 31, 2004 increased 9% to $3,934,000, from $3,612,000 for the comparable quarter of 2003.

Ebix announced that income before income taxes in the first quarter of 2004 (Q1'04) was $586,000, as compared to $583,000 in the first quarter of 2003 (Q1'03). Due to an increase in its income tax provision of greater than 100% in Q1'04 versus prior year, Ebix reported Q1'04 net income of $446,000, compared to net income of $516,000 in Q1'03. Diluted earnings per share were $0.15 in Q1 2004, versus $0.23 in Q1 2003, reflecting a 27% increase in the weighted average of diluted shares outstanding in the comparable periods.

Robin Raina, President and Chief Executive Officer of Ebix, said, "I am particularly pleased with the growth in EBITDA we achieved in the first quarter, along with completing the LifeLink acquisition and then commencing its integration into our Company. We are very excited about this transaction as it provides Ebix with an important entry point to the life insurance industry, adding hundreds of brokers and approximately 35 life insurance companies as customers. We expect the acquisition to be accretive to our 2004 operating results."

Raina added: "Within our highly fragmented industry, we continue to view acquisitions as an important complement to internal growth, in establishing Ebix as a leading software and e-solutions provider to the insurance industry. In our existing businesses, our growth strategy is to focus on higher margin software development services, while also working to build utilization of our call center and outsourced service offerings. Permeating our growth strategy for the future is a corporate focus on margins and the generation of free cash flow."

Dick Baum, Executive Vice president and Chief Financial Officer, said, "Reflecting the cash flow of our business and the strength of our balance sheet, Ebix's cash position at March 31, 2004 was approximately $6 million. Importantly, this cash position reflects a first quarter payment in excess of $5 million as part of the acquisition consideration for LifeLink, as well as a substantial increase in accounts receivable, which resulted from the timing of a major customer's payment, which we expect in Q2 2004."

About Ebix

Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems, exchanges to custom software development for all entities involved in the insurance and financial industries. The Company, with bases in Singapore, Australia, the US, New Zealand, India and Canada, employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. For more information, visit the Company's Web site at www.ebix.com.