Chesapeake System Solutions Helps Ensure Compliance At United Concordia.

Business Editors/Hi-Tech Writers

OWINGS MILLS, Md.--(BUSINESS WIRE)--Nov. 19, 2001

Chesapeake's Unclaimed Property Compliance System (UPCS)

Software Automates Critical Escheatment Processes

for America's Premier Dental Insurer

Chesapeake System Solutions, Inc.(TM) announced today that United Concordia Companies, Inc., a national dental insurance company, has purchased their Unclaimed Property Compliance System (UPCS)(TM) software solution.

United Concordia provides more than 6 million Americans with group dental benefits and employs 1,200 people in offices throughout the country.

With UPCS, a Windows(TM)-based solution, United Concordia has an automated tool capable of tracking unclaimed property (i.e., unclaimed benefits), reporting on unclaimed holdings and keeping up-to-date databases of ever-changing regulatory information.

"We used to track unclaimed benefits using electronic spreadsheets, which was a cumbersome and time-consuming process," said Joe Seygal, Director of Finance at United Concordia, "we would then create the mailings of due diligence letters using a word processor."

Seygal added, "It was becoming so complicated that we were going to need to hire full time assistance to get the job done. UPCS eliminated the need for additional staff by automating the tracking and mailing process. It's been easy to use and the information we had on the spreadsheets was easily imported into the new software."

Aside from advanced tracking and reporting capabilities, UPCS also offers the complete, accurate and timely information about compliance regulatory obligations and reporting requirements for all 53 U.S. jurisdictions. This software was designed to import data from virtually any system, including MS Access, Lotus, MS Excel, text files and mainframe legacy systems.

"With UPCS, United Concordia will be able to consistently and easily demonstrate the necessary due diligence in locating unclaimed property owners and thereby avoid unnecessary penalties," said David Tanner, Vice President of Chesapeake. "Additionally," continues David, "the rich functionality and full compliance with all state unclaimed property laws is not industry specific. UPCS can meet the unclaimed property reporting requirements of any industry segment, such as banking, insurance and manufacturing."

About Chesapeake System Solutions

Chesapeake System Solutions, Inc. serves the retail, insurance, state government, Fortune 500, and banking industries, offering full end-to-end account reconciliation and unclaimed property reporting solutions.

Chesapeake specializes in researching, developing and supporting innovative software designed to give businesses financial control over their corporate assets and meet enterprise-wide demands and challenges. For more information about United Concordia, visit the company's web site at www.chessys.com.

About United Concordia Companies, Inc.

United Concordia, headquartered in Harrisburg, PA with offices nationwide, is America's premier provider of dental insurance and administrative services for group customers. The company serves more than 6.5 million members around the world, and contracts with more than 50,000 dentists at 64,000 office locations.

For more information about United Concordia, visit the company's web site at www.unitedconcordia.com.