Deseret Mutual Benefit Administrators to Beta Test New AMISYS Advance Payer Solution.

Business Editors/Health/Medical Writers/High-Tech Writers

ROCKVILLE, Md.--(BUSINESS WIRE)--May 13, 2003

AMISYS, a Platinum Equity company that provides payer solutions to the healthcare industry, today announced a beta testing partnership with Deseret Mutual Benefit Administrators for its new AMISYS Advance product.

DMBA is working with the AMISYS Beta Test Team to implement and begin comprehensive testing of AMISYS Advance. During the beta testing process, DMBA will verify and validate the application's quality and functionality.

"Deseret Mutual has been an AMISYS customer for more than 10 years," said Kathy McCarthy, chief operating officer of AMISYS. "Their experience and history with the AMISYS 3000 product positions them to effectively evaluate AMISYS Advance, which will help us to provide a top quality product to customers and the general market."

DMBA is the administrative arm of Deseret Healthcare Employee Benefit Trust, Deseret Mutual Insurance Company and Deseret Mutual Employee Pension Trust. It serves the employee insurance and retirement needs of 120,000 members across the United States and is based in Salt Lake City.

"We're looking forward to participating in beta testing AMISYS Advance," said David Lewis, chief information officer at DMBA. "Our interest is in verifying that the strong functionality of AMISYS 3000 has been effectively ported to AMISYS Advance. With the help of the beta test team, we can optimize our testing and implementation processes."

AMISYS is transitioning its AMISYS 3000 product to the HP-UX operating system to create AMISYS Advance, which provides the same robust functionality of the AMISYS 3000 product suite, with enhancements planned for future versions. All existing interfaces maintained by AMISYS, including the HIPAA MAXIM(TM) and Web Exchange products, are available in AMISYS Advance.

A hosting arrangement through AMISYS' sister company, Synertech, an application services provider and business process outsourcer to the healthcare payer industry, is available for health plans both during the transition from AMISYS 3000 to AMISYS Advance and on a permanent basis.

AMISYS

AMISYS LLC (www.amisysllc.com) offers comprehensive information management software applications and Web capabilities to healthcare payers. AMISYS 3000 provides extensive functionality that meets the information needs of a wide variety of health plans. AMISYS 3000 automates all critical business processes, including enrollment and eligibility, claims payment and provider contract management, and achieves high auto adjudication rates. AMISYS Advance, to be delivered mid-2003, expands on the robust functionality of AMISYS 3000 on the HP-UX operating system. AMISYS is based in Rockville, Md.

Platinum Equity

Platinum Equity (www.peh.com) is a global acquisition firm specializing in the strategic operation of mission-critical companies according to a unique M&A&O(SM) model of value creation. Since its founding in 1995, Platinum has completed over 40 privately funded transactions, leveraging a multi-billion dollar revenue base derived from the continued growth of its portfolio. With an established infrastructure in North America, Europe, Asia and South America, Platinum employs a workforce of more than 15,000 serving over 600,000 customer sites worldwide.

Deseret Mutual Benefit Administrators

The Deseret Mutual entities (www.dmba.com) began in 1970 to serve the employee insurance and retirement needs of employees of The Church of Jesus Christ of Latter-day Saints and its member organizations. Those benefits are administered through the Deseret Healthcare Employee Benefit Trust, the Deseret Mutual Insurance Company and the Deseret Mutual Employee Pension Trust. DMBA is a stock company owned by Deseret Mutual Insurance Company.