Cover-All Signs Two Contracts for its Powerful Rating and Issuance Solution.Business Editors FAIR LAWN, NJ--(BUSINESS WIRE)--September 27, 2000 Cover-All Technologies Inc. (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ), (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - COVR and PHLX-CVA), a leading solutions provider for the property and casualty insurance industry, today announced that Minnesota-based Western National Insurance Group and Massachusetts-based Quincy Mutual Fire Insurance Company have chosen CTI's Classic EXPRESSion(TM) system to provide a full policy rating and issuance solution. After a thorough evaluation of the software marketplace, both customers came to the ultimate conclusion that Cover-All offered the most effective rating and issuance solution for their commercial lines processing. The Classic EXPRESSion system will allow them to offer a flexible range of products to their customers, as well as accommodate their growth and future expansion including Web technologies. John Roblin, CTI's Chief Executive Officer, said, "We are excited that interest in our Classic EXPRESSion product has increased significantly in recent months. We expect this interest and success to intensify as we complete our project to integrate Classic with our Oracle(R) Insurance Enterprise Database, as well as with our Client, Policy, Billing and Agency Management modules. When combined with our Internet tools, this component-based platform is very attractive to property and casualty companies and agents." With a powerful Graphical User Interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ), the Classic EXPRESSion Windows(R)-based 32-bit application provides users with a familiar environment and Windows-standard tools. The system utilizes a client/server architecture, and is compliant with Windows 95, 98, 2000 and WindowsNT operating systems and with Novell(R) and NT networks. The system handles multi-line policy rating and issuance for all commercial Property and Casualty lines of business and all states. Classic EXPRESSion offers nationwide compliance for ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. and NCCI NCCI National Council on Compensation Insurance (Boca Raton, FL) NCCI National Correct Coding Initiative NCCI National Company for Cooperative Insurance NCCI Namibian Chamber of Commerce and Industry rates, rules and forms, as well as many specialty non-ISO lines of business. The iClassic Web-enabling option provides the full functionality of Classic EXPRESSion through a desktop Internet browser. Access is controlled by logon and password security. Founded in 1984, CTI is a leading software developer dedicated to providing solutions and services to the property and casualty insurance industry. Utilizing the latest software technology, the company specializes in providing effective, forward-looking business solutions. CTI is based in Fair Lawn, New Jersey Fair Lawn is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 31,637. As of 2006, the Census Bureau estimate a population of 31,246. . More information may be obtained from the Company's Web site at www.cover-all.com. Statements in this press release, other than statements of historical information are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks which may cause the company's actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, delays in productivity programs and new product introductions, and other business factors beyond the Company's control. Those and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company. |
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