ebixASP is the insurance industry's first completely Internet-based agency management system. ebixASP changes the way insurance agencies conduct business and fulfills the Internet's promise of reducing agency overhead while increasing their service and sales efficiency. Launched only two months ago, ebixASP is quickly gaining traction with agencies across the U.S. because of its powerful functionality and affordable cost. ebix.com has developed the only agency management system to date that is WAP-enabled (Wireless Application Protocol) and provides agents with anytime, anywhere access to their information, including via handheld and other wireless devices.
"ebixASP is the future of the insurance agent systems marketplace. We have hosted other agency software in the past, but nothing can match the functionality of ebixASP." said Jack Huber, Executive Vice President-COO of WorldPOINT, Inc. "We are excited about the strong response and enthusiasm for ebixASP. ebixASP offers yet another way to help our Agents grow in sales and profitability."
"The insurance industry which is traditionally slow to adopt new technology, is quickly realizing the efficiency and ROI benefits of remote agency management over the Internet," said Robin Raina, president and CEO of ebix.com Inc. "Having the support of WorldPOINT, Inc., their clients and association partners is an exciting opportunity to extend the reach of ebixASP to provide a set of sales and workflow tools unmatched by any other company."
About WorldPOINT, Inc.
WorldPOINT, Inc. is an Application Service Provider (ASP) for the insurance industry. The corporation was formed in June 2000 in Amherst, New York and began marketing its services nationwide that October. Its offices are now located at 11 W. Main Street in Lancaster NY.
WorldPOINT ASP provides application hosting (ASP), Internet, and trade-specific services to the insurance, travel, and other industries. WorldPOINT uses a state-of-the-art data center with redundant power and bandwidth, as well as providing website, administration and off-site backup services.
About ebix.com
Founded in 1976, ebix.com Inc., formerly known as Delphi Information Systems, Inc. is a leading international supplier of software and e-commerce solutions to the property and casualty insurance industry. The recent name change to ebix.com Inc. aligns the identity of the company with its strategic focus of using the Internet to enhance the way insurance business is transacted, through solutions that encompass both e-commerce and web-enabled agency management systems. An independent provider, ebix.com Inc. employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents.
SAFE HARBOR FOR FORWARD-LOOKING
STATEMENTS UNDER THE SECURITIES LITIGATION REFORM ACT OF 1995
- 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, including statements regarding future economic
performance and financial condition, liquidity and capital
resources, acceptance of ebix's products by the market and
management's plans and objectives. Such statements are subject
to various risks and uncertainties which could cause actual
results to vary materially from those stated. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may
vary materially from those anticipated, estimated expected
or projected. Such risks and uncertainties include ebix's
ability to obtain stockholder approvals needed to fully consummate
the BRIT agreements and satisfy other conditions to such agreements,
the extent to which the contemplated business initiatives
are undertaken and are successful, the ability of ebix to
overcome its recent history of operating losses and declining
revenues, the availability and amount of future sources of
capital and the terms thereof, the extent to which the ebix.com
website can be successfully developed and marketed, the possible
effects of the Securities and Exchange Commission's investigation
of ebix's financial reporting, the risks associated with future
acquisitions, the willingness of independent insurance agencies
to outsource their computer and other processing needs to
third parties, 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 the insurance
industry (and in particular independent agents), 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 possibly adverse
effects of substantial increase in volume of traffic on ebix's
website, mainframe and other servers, possible security breaches
on the ebix website and the possible effects of insurance
regulation on ebix's business. Certain of these as well as
other risks and uncertainties are described in more detail
in ebix's periodic filings pursuant to the Securities Exchange
Act of 1934. ebix undertakes no obligation to update any such
factors or to publicly announce the results of any of the
forward-looking statements contained herein to reflect future
events or developments.
Contact:
Weber Shandwick Worldwide
Molly Dawson/Mark Gogan, 617-661-7900
mdawson@webershandwick.com
mgogan@webershandwick.com
or
Corporate Information:
ebix.com Inc.
5 Concourse Parkway
Ste. 3200
Atlanta, GA 30328
(678) 281-2020