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Colt Express Names Dennis Sweeney President.


Business Editors

WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)

Insurance industry veteran Dennis Sweeney Dennis Sweeney was an anti-Vietnam War protestor and civil rights activist in the 1960s. He worked with SNCC in their voter registration drives in Mississippi. During his time at Stanford University, he was the protegĂ© of Allard Lowenstein, a political organizer who would later  has been named president of Colt COLT. An animal of the horse species, whether male or female, not more than four years old. Russ. & Ry. 416.  Express Outsourcing Services Inc., Sam Colt, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and founder, announced Wednesday.

Sweeney arrived Wednesday to help the fast-growing company double its business this year and set the foundation for a nationwide expansion and a possible future public stock offering, Colt said.

Colt Express provides its corporate clients with customized administrative services for employee benefit plans. Employees love working with Colt Express because it simplifies the complex subject of employee benefits, Colt said. Employees can enroll in benefit plans and get easy-to-understand answers to all their benefit questions, both over the Internet and by phone.

For employers, Colt Express provides a unique combination of Web-enabled benefits services and full back-office support that was previously available only to very large companies. Colt Express manages all of the employers' communications with insurance carriers, provides them with a single premium statement for all their health plans and also drives the payroll deductions and eligibility data back to the providers, letting the employer concentrate on more important workforce issues.

Colt provides services for about 100,000 members, most of them at companies headquartered in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . It had revenues of $2.8 million in 2000. The company recently more than doubled the space it occupies in its Walnut Creek headquarters to accommodate anticipated growth.

"I am impressed with Colt's business model, blending Web-enabled human resource components with full service back-office support. I think they provide the most complete solution available to the mid-sized employer," Sweeney said.

Sweeney spent most of his career with The Prudential Insurance Co., and was president of Prudential Service Bureau, Inc., in Louisville, Ky. from 1987 to 1996. He moved to ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits.

(2) (Available Bit R
 COBRAServ, Inc., as president and then senior vice president in charge of mergers and acquisitions of its parent company, ABR Information Services See Information Systems. , Inc., in Palm Harbor, Fla. Following the purchase of ABR by Ceridian Benefit Services, Inc., he served as senior vice president for strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.  and mergers and acquisitions at Ceridian in St. Petersburg, Fla.

Sweeney holds a BS in business administration from California State University, Northridge CSUN offers a variety of programs leading to bachelor's degrees in 61 fields and master's degrees in 42 fields. The university has over 150,000 alumni. It's also home to a summer musical theater/theater program known as TADW (TeenAge Drama Workshop) that leads teenagers through an .

Colt Express Outsourcing Services was founded by Sam Colt in 1995 and has grown at a rate of about 40 to 50 percent per year.

Colt, who is turning his office of president of Colt Express over to Sweeney, will retain the title of chief executive officer.

A color Colt logo, scanned at high resolution designed specifically for print publication, can be easily obtained at www.givememore.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 8, 2001
Words:425
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