Claimsnet to Provide Services to Full Service Third Party Administrator DALLAS, June 29 /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 it has contracted to provide a full service third party administrator (TPA) with complete claims clearinghouse functionality. This TPA is headquartered in the Midwest and is the premier independent TPA in their business area. The company offers a full range of products and services, including plan design, claims adjudication and COBRA as well as statistical analysis and reporting. Its commitment to providing customer service has been the key to the development of satisfied clients and loyalty with its brokers and consultants. The use of advanced technology and a comprehensive computer system supports this commitment to service. The decision to use Claimsnet services was based on an integrated full service solution delivered through state of the art ASP technology. "These services will allow this customer to remain at the forefront of technology implementation and operational efficiencies offered through Claimsnet's systems," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is in process and is expected to be completed 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. 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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