DALLAS, Feb. 28 /PRNewswire-FirstCall/ -- Claimsnet.com (OTC Bulletin Board: CLAI), a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare payer industry, announced today that it has contracted to provide a Government Health Care division with full claims clearinghouse functionality. This division, based in Texas, processes medical claims for a government department and the contract includes both Electronic data Interchange (EDI) and claims paper conversion services. Claimsnet was selected after a full Request for Proposal (RFP) evaluation and the decision to use Claimsnet services was based on an integrated solution that offers cost-effective and user-friendly EDI and paper conversion solutions, and connectivity within the clearinghouse industry. "These services will allow this customer to improve efficiencies afforded by today's technology including that offered by Claimsnet," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is now in process and we expect the system to be fully operational soon." About Claimsnet.com -- Claimsnet is a leading provider of Internet-based claim processing solutions for the healthcare payer industry, including distinctive, advanced ASP technology. Headquartered in Dallas, Claimsnet offers systems that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at http://www.claimsnet.com . Safe Harbor Statement Under the Private Securities Litigation Act 1995 -- With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on business partners and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission. SOURCE Claimsnet.com inc.
Contact Information: Don Crosbie of Claimsnet.com inc., +1-972-458-1701, ext. 112, or firstname.lastname@example.org