Asset Management Granted World-Wide Exclusive Appointment for "Ruggedized" Notebook Computer for The Insurance Industry.Business Editors TORONTO--(BUSINESS WIRE)--June 29, 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 .) today announced that it will introduce a "ruggedized", heavy-duty notebook computer A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. developed specifically for the insurance industry in conjunction with one of its development technology partners, Canadian Advanced Industries Ltd. The Canadian Advanced Industries system will allow insurance adjusters and field staff to utilize a sturdy notebook computer to a customer, disaster or claim site. If the computer is dropped, impacted or exposed to moisture it will remain operational, thus decreasing equipment operating costs operating costs npl → gastos mpl operacionales and data access downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. . For extra strength and durability this "ruggedized" notebook computer, named RuggedNote, incorporates special features including a magnesium-alloy case, hard drive dampening, protective keyboard membrane, and sunlight readable LCD. We are pleased that Asset Management has obtained world-wide exclusivity for the sale of this hardware solution to the insurance industry," said Sven Steindorff, Vice-President of Business Development of Asset Management. "RuggedNote provides our Company with the ability to offer customized hardware and software solutions to insurers in an exclusive combination, without any competition," commented Ron Weinberger, Vice-President of Corporate Development and a Director of Asset Management. 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. Asset Management 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .: 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. 54,311,546 Shares Outstanding |
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