BenefitMall.com's Acquisition of The Mather Companies Complete; Acquisition Significantly Expands the Scope of BenefitMall.com's Already Strong Broker Distribution Channel.Business/Technology Editors DALLAS--(BUSINESS WIRE)--April 17, 2000 BenefitMall.com, the premier online exchange for small business benefits, today announced the completed acquisition of two units of The Mather Math·er , Increase 1639-1723. American clergyman and writer. He and his son Cotton (1663-1728) exerted great theological and political influence on the colony of Massachusetts through their staunch Puritanism and prolific writing. Companies, one of the largest and fastest-growing general agencies and third party administrators of employee benefits programs. This acquisition positions BenefitMall.com as a leading online insurance provider for small business groups in the nation. The Mather acquisition is the latest in a series of acquisitions that BenefitMall.com has made in key regions throughout the country in the last several months. "This acquisition is an important one for us as it significantly and strategically expands the scope of our existing broker network to include the important Mid-Atlantic region. The Mather Companies has a long-standing and solid reputation in the region and combining their strengths with ours will underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. BenefitMall.com's position as one of the premier online providers in country," explained Bernard Ber·nard , Claude 1813-1878. French physiologist noted for his study of the digestive and nervous systems. DiFiore, president and chief executive officer of BenefitMall.com. Having generated the first online insurance quote in November 1997, BenefitMall.com has firmly established itself as a pioneer in the online insurance arena. BenefitMall.com has created a tool that will enhance and enable brokers to continue the one-on-one interaction with the customer, while cutting the time it takes to generate a quote dramatically. Since the initial online effort, BenefitMall.com has continued to distinguish itself by designing and providing breakthrough Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the tools and technology to support independent brokers in the sales cycle, as well as the life cycle of small group insurance and benefit products. "It's exciting to be able to join forces with BenefitMall.com. With their effective and comprehensive Internet solutions for buying, selling and processing small business group health insurance, they are revolutionizing the insurance industry as we know it today," said Dennis Mather, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of The Mather Companies. "And we are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to play a role in that transition." About BenefitMall.com BenefitMall.com is the complete online marketplace for the buyers, sellers and providers of small business employee benefits. Headquartered in Dallas, BenefitMall.com operates a national sales and service center to support Internet-based activities as well as sales and support offices in most major metropolitan markets throughout the country. A former subsidiary of Humana, BenefitMall.com is an independent company owned by Humana Ventures, Austin Ventures, Technology Crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. Ventures, Morgan Stanley BenefitMall.com is a trademark of Centerstone Insurance and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Inc. Certain information in this release may be considered forward-looking in nature and may involve expectations, beliefs, plans, intentions or strategies regarding the future. By nature, 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. involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to BenefitMall.com as of the date of the release. The company assumes no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. |
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