Asset Management Appoints Former President of One of Canada's Largest Insurance Companies to Its Board of Directors.Business Editors TORONTO--(BUSINESS WIRE)--June 22, 2000 Asset Management Software Systems Corp. (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :AMSS AMSS Aeronautical Mobile Satellite Service AMSS Auto Moto Savez Srbije (Yugoslavian) AMSS Automatic Message Switching System AMSS Air Mobility Support Squadron AMSS Army Materiel Status System AMSS Ammunition Management Standard System ) announces that Mr. John Ogden John Ogden can refer to:
Under Mr. Ogden's presidency, the assets of Commercial Union Life (now part of the CGU CGU Conditions Générales d'Utilisation (French) CGU Claremont Graduate University (Claremont, CA) CGU Chang Gung University (Taiwan) CGU Canadian Geophysical Union Group, one of Canada's largest property and casualty insurance companies), doubled in size within four years. Mr. Ogden is also a former CEO of American Life Insurance Company, a part of AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group (American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. ). "John Ogden provides a unique and seasoned perspective to our Board of Directors. His experience, industry insight and contacts, will be a tremendous asset to the Company's future growth," says Mr. Aidan Bolger, President and CEO of Asset Management (formerly Moss Resources Inc.) "Asset Management is not only in a position to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the tremendous market opportunities in the insurance industry, but will also continue to be a catalyst for that growth. I look forward to working with the Board and Management to take advantage of those opportunities," says Mr. Ogden. Mr. Ogden joins Mr. Cedric Gyles, former Chairman and CEO of Reed Steenhouse Limited, Mr. Alek Kristajic, Senior Vice President of Rogers Cable Inc., Mr. Aidan Bolger, President and CEO of Asset Management and Mr. Ron Weinberger, Vice President of Corporate Development of Asset Management on the Company's Board of Directors. Asset Management also announces that Mr. John E. Hurley has retired from the Board of Directors following several years of service to the Company. About Asset Management Headquartered in Toronto, Ontario, Asset Management is a B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business (business-to-business) CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. technology company. The Company's business plan is to revolutionize the way insurance companies process, settle and replace property content claims. The Company offers a claims processing system comprised of a dynamic software program and database, "AccuClaim(tm)", which is being piloted in some of North America's leading insurance companies. AccuClaim(tm) is currently available to the $275 billion property claims processing market in North America. AccuClaim's proprietary technology, software and database is designed to enable insurance companies to increase profitability and provide superior customer service while lowering claim costs. The Company believes that AccuClaim's database is the largest and most comprehensive database of current and historical residential products and collectibles in North America. AccuClaim's database also contains a digital image library of over 100,000 product items. AccuClaim(tm), enables insurance companies to enhance their adjusters' productivity, accelerate the speed of the claims settlement process and create higher levels of customer satisfaction and retention. In the near future, Asset Management also plans to release its Preferred Vendor e-Replacement System, which should allow insurance companies to benefit from substantial discounts on items purchased for replacement. The e-Replacement System will enable insurance companies to order electronically from "preferred vendors" and arrange for convenient, direct delivery of replacement items to their customers' home or office at discounted prices. The statements made in this Press Release may contain certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. ASSET MANAGEMENT SOFTWARE SYSTEMS CORP. 110 Brunel Road Mississauga, Ontario L4Z 1T5 54,311,546 Shares Outstanding |
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