Martin Feinstein Joins the Board of Clear Technology, Inc.

WESTMINSTER, Colo. -- Insurance solutions innovator Clear Technology, Inc. today announced that Martin Feinstein has joined their board of directors.

"Marty is a widely respected and deeply experienced insurance executive who brings great wisdom and knowledge to Clear Technology," Dr. John Kendall, founder of Clear Technology, says. "The fact that Marty has decided to join our Board is wonderful validation that the problems we are solving for Insurers are important problems that have not been solved. Marty's experience and relationships will be invaluable as we move from our long R&D phase into the Insurance Industry mainstream."

Mr. Feinstein commented: "All of my career has been spent dealing with the problems and consequences of people-intensive operations across the Insurance enterprise. When I saw the role-replication solutions that Clear Technology has developed I became excited at the potential to transform high-cost, error-prone operations into highly automated processing factories that liberate knowledge workers, rather than enslaving them. This should be an exhilarating ride."

Mr. Feinstein has had a long and successful career at Farmers Insurance since he joined as a Liability Claims Representative back in 1970. After holding many executive positions at Farmers, including CIO, Mr. Feinstein was promoted to President and Chief Operating Officer on Jan. 1, 1995. He was elected to the board of directors Feb. 5, 1995. Effective Jan. 1, 1997, he was elected President and Chief Executive Officer. He was elected Chairman November 10, 1997. Mr. Feinstein was also a member of the Group Executive Committee of the Management Board of Zurich Financial Services, which included international responsibilities.

Mr. Feinstein is the Chairman of the Property & Casualty CEO Roundtable; Chairman of the Insurance Information Institute; Vice Chair of the AICPCU. He is on the chief executive advisory panels for Habitat for Humanity, Los Angeles. He is on the boards of directors of Farmers New World Life; Insurance Institute for Highway Safety; California Chamber of Commerce; California Business Roundtable; and Insurance Information Institute. He is a member of the Society of CPCU and the American Society of CLU and ChFC.

About Clear Technology

Clear Technology is the creator of Tranzax(R), a unique platform that captures the work of expert humans and performs it in software. This capability allows Tranzax to deliver a virtual workforce to any service organization, rapidly increasing business flexibility, quality and customer satisfaction, while reducing operating costs.

Privately held Clear Technology is headquartered in Westminster, Colorado, with sales offices throughout the U.S. and in the United Kingdom. For more information, visit us at www.clear-technology.com