Cover-All Technologies Announces Three New Customers.Business Editors FAIR LAWN Fair Lawn, borough (1990 pop. 30,548), Bergen co., NE N.J., across the Passaic River from Paterson; inc. 1924. It is residential with light industries. , N.J.--(BUSINESS WIRE)--Feb. 23, 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 it has licensed its Classic EXPRESSion(TM) rating and issuance system to three new customers in Puerto Rico. ACE Insurance Company, the San Juan-based subsidiary of ACE International Group, has licensed Classic EXPRESSion for Commercial Package Policy and Monoline Product, as well as Commercial Automobile/Garage and Truckers Product. The system has a projected installation of early- to mid-March. Anglo Puerto Rican Insurance Corp., also based in San Juan, has licensed the system for Commercial Package Policy and Commercial Automobile lines of business. The system has been installed and is expected to go live in March. Mandry & Fingerhut, Inc., based in Ponce, has licensed the system for Commercial Package Policy and Commercial Automobile lines of business. The system is expected to be installed by the end of February. John Roblin, CTI's Chief Executive Officer, noted, "Cover-All is proud to be the leading provider of rating and issuance automation software to the Property and Casualty industry in Puerto Rico. By concluding contracts with these companies, Cover-All has achieved dominance in this market. We will continue to work hard to justify the Puerto Rican market's confidence in our staff and products." Classic EXPRESSion is a Windows(R)-based 32-bit application that includes a 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. ) and provides users with a familiar environment and Windows-standard tools. The system utilizes a client/server architecture. It is compliant with Windows 95, 98 and WindowsNT operating systems and with Novell(R) and NT networks. Classic EXPRESSion handles multi-line policy rating and issuance for all commercial Property and Casualty lines of business and all states. The system 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 the Classic EXPRESSion system 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 or by calling 201/794-4800. 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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