AMISYS Remains Consistent in Issuing New Software Releases as Scheduled; Release 11.01 Focuses On Providing Tools to Address HIPAA Privacy Regulations.

Business Editors/Hi-Tech Writers

ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 28, 2002

AMISYS LLC, a leading provider of payer solutions for the healthcare industry, announced today the on-time general availability of AMISYS 3000 Release 11.01 - the final major release of the AMISYS 3000 product line specifically for the HP e3000 platform.

AMISYS 3000 Release 11.01 focuses primarily on enhancements to Release 11.0 with new functionality to address the HIPAA privacy regulations. This software release contains additional functionality to further enable processing of HIPAA transactions and provides greater integration with other applications.

Some of these enhancements assist health plans in complying with HIPAA privacy regulations by providing the ability to add multiple addresses to the member file, record patient consent and authorize use and disclosure of protected health information.

"Release 11.01 is highly evolved and will help our customers meet strict federal privacy regulations," said Kathy McCarthy, COO of AMISYS. "The AMISYS 3000 product continues to provide more functionality for customers and streamlines business processes."

By June 2003, AMISYS will transition its AMISYS 3000 product to the HP-UX operating system and offer a new product called AMISYS Advance. AMISYS Advance will provide the same robust functionality of the AMISYS 3000 product suite, with enhancements planned for future versions. All existing interfaces maintained by AMISYS, including the RDE2 and Web Exchange products, will be available in AMISYS Advance.

AMISYS CEO and President Steve Rock called on customers to make a commitment to AMISYS Advance during this year's customer conference in June. Since then, more than 40 percent of AMISYS 3000 customers have already decided to move to the new AMISYS Advance product.

AMISYS is owned by Platinum Equity, which specializes in the acquisition and operation of mission-critical technology companies. Synertech (www.synertechsystems.com), a sister company under Platinum, offers application hosting and outsourcing services for all AMISYS products.

AMISYS

AMISYS LLC (www.amisysllc.com) offers comprehensive information management solutions to health care payers. One product, AMISYS 3000, is a highly evolved suite that offers a comprehensive, robust and flexible solution to meet the information needs of a virtually unlimited variety of health care payer delivery models.

It is very efficient, achieving high auto adjudication rates, and it provides extensive health care payer functionality. AMISYS 3000 automates all critical business functions, including membership enrollment and eligibility, claims adjudication and payment and provider contract management and pricing.

AMISYS Advance, a product under development, will retain the functionality of AMISYS 3000 on the HP-UX operating system. A client/server product, AMISYS C/S, is a cost-effective health care payer information management solution that supports HMOs, provider-based payers, employers, unions and carve-out entities.

Its applications help health care payers control their financial exposure while focusing on effective health care management.

Platinum Equity

Platinum Equity (www.peh.com) is a global acquisition firm uniquely specialized in the operation of mission-critical technology companies. Since its founding in 1995, Platinum has completed 40 privately funded transactions, leveraging a multi-billion-dollar revenue base derived from the continued growth of its portfolio.

With an established infrastructure in North America, Europe, Asia and South America, Platinum employs a workforce of more than 15,000 serving over 500,000 customers worldwide.