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EACC EAC Invest AS

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Share Name Share Symbol Market Type
EAC Invest AS AQEU:EACC Aquis Europe Ordinary Share
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The Doan Group Awards 2-Year Technology Service Agreement to eAutoclaims

28/10/2003 2:41pm

PR Newswire (US)


EAC Invest AS (AQEU:EACC)
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The Doan Group Awards 2-Year Technology Service Agreement to eAutoclaims OLDSMAR, Fla., Oct. 28 /PRNewswire-FirstCall/ -- eAutoclaims (BULLETIN BOARD: EACC) today announced that it has forged an agreement with The Doan Group, Inc. to utilize eAutoclaims Assignment Management System (an Internet-based application) and eJusterSuite(TM) on an Application Service Provider (ASP) basis. The contractual term of this new agreement is two years. The Appraisal Management System (AMS) was designed for The Doan Group, Inc.'s nine centralized dispatch centers. The AMS will take quality assurance to a new level by programmatically choosing the best appraisal source for an assignment, tracking the cycle time and alternative parts utilization by appraisal source, immediate escalation of total loss handling to reduce storage charges, and early identification of any delay so early intervention can reduce the occurrence of exceptions. An online accounting module allows the client to be electronically bulk billed including all documentation for each appraisal assignment. The online eJusterSuite(TM) interface will allow Doan clients to track each claim by adjuster, office or company-wide; measure the performance of the adjuster and the vendor; review alternative parts utilization, cycle times, average paid loss and average estimate; compare their appraisal expense by line of business, type of loss, date ranges and book of business and by branch, adjuster, first- or third-party and company-wide. Doan clients will also have access to eAutoclaims service partners for salvage disposal, police report pick-up service, rental car procurement, accident scene investigation, secondary tow services and desk audit service from Doan Estimate Review. All of these partners can be ordered at the click of a button, with absolutely no redundant keystrokes, and with the ability to manage and track assignments to all vendors from one application. Ron Doan, President and CEO of The Doan Group stated, "The eJusterSuite application provides more features and real-time reports than any other provider application in this sector of the industry. We have invested a great deal of time over the past six months to work with our clients to learn not only their needs for today, but what they anticipate their needs are for the future. The result is a robust application to improve efficiencies and reduce their cost as we work together to provide a paperless environment. We chose eAutoclaims as a technology partner after extensive evaluation of technology available in the industry. We found eAutoclaims to have superior technology and the desire to build an application to fit our client's needs of reducing labor costs, automating manual processes and superior tracking of how their claims dollars are spent. It is a great partnership that provides The Doan Group with a significant competitive advantage in this industry." Ron went on to say, "With our 65 offices covering over 100 major cities in 25 states, The Doan Group now has the missing link to become a national company. We presently will be running over 10,000 claims per month through the system and expect this number to double within the next two years." eAutoclaims' President/CEO, Eric Seidel, said, "This is a major event for us in terms of our ASP strategy. The Doan Group is a full-service property and casualty appraisal and estimating company. By using our application, it will give them abilities they have sought in terms of being able to provide data to their clients on a real-time basis, while maintaining their technological cutting-edge service." Mr. Seidel went on to comment, "We feel that this is an excellent fit for us in our efforts to create a good mix between our own collision management revenue stream and our ASP revenue stream." About eAutoclaims eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) is a business services company that provides the insurance industry with claims management services through both ASP and integrated outsourcing solutions. The Company's clients are insurance companies, fleet management companies and insurance services companies. eAutoclaims' solutions streamline the claims handling process, decreasing the overall time and cost required to process a collision claim and reducing average paid losses for its clients. The Company handles repair estimates, repair audits, and claims systems administration services, for automobile claims that are processed and tracked via the eAutoclaims Web-based platform and network of service providers. This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission. DATASOURCE: eAutoclaims, Inc. CONTACT: Jeff Dickson, Chairman, eAutoclaims, +1-800-621-1804, ext. 202, or Web site: http://www.eautoclaims.com/

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