Claimsnet Names Gary Austin as President
March 16 2007 - 11:45AM
PR Newswire (US)
DALLAS, March 16 /PRNewswire-FirstCall/ -- Claimsnet.com (OTC:CLAI)
(BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP
electronic claim processing solutions for the healthcare payer
industry, announced today that Mr. Gary Austin has been appointed
to the position of President, in addition to his position as Chief
Operating Officer. Don Crosbie continues as Chairman and Chief
Executive Officer, and Gary will report directly to Don Crosbie in
this expanded role in the company. Gary Austin brings more than 25
years management experience in the healthcare, insurance and
financial services industries. He has extensive experience managing
in the fast-paced environment of technology, turnaround and
start-up situations. Prior to joining Claimsnet 3 years ago, Gary
served as the President and Chief Operating Officer of Gold Lake
Technologies Corporation, a document management services firm. Gary
previously served as the Senior Vice President and Chief Operating
Officer of GTESS Corporation, a health claim processing service
provider. During Gary's tenure, GTESS accomplished revenue growth
of more than 1200%. Gary was also responsible for developing and
implementing compliance standards for HIPAA. Prior positions
include President and Chief Operating Officer of Peerless Group,
Product Planning Manager of Electronic Data Systems, Support
Manager and Hospital Systems Consultant for Shared Medical Systems.
"Gary brought to Claimsnet a highly successful track record in the
healthcare and technology marketplace," said Don Crosbie, Chief
Executive Officer of Claimsnet. "During the past three years at
Claimsnet, he has continued this record of achievement. This
additional position adds sales to Gary's responsibilities, while
allowing me to focus on other areas of growth for the company in
addition to the organic growth we are experiencing." "I am very
pleased to have this opportunity to add to the growth of Claimsnet
going forward," commented Gary Austin. "The opportunity for the
company within the healthcare payer marketplace has been
demonstrated with more than 50 new clients over the past few years
and I look forward to the continuing success of Claimsnet." 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. DATASOURCE:
Claimsnet.com CONTACT: Don Crosbie of Claimsnet.com,
+1-972-458-1701, ext. 112, or Web site: http://www.claimsnet.com/
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