iLinc Communications Selected by Eldorado Computing for Company-Wide Web Conferencing Needs.Business Editors/Health/Medical Writers/High-Tech Writers PHOENIX--(BUSINESS WIRE)--April 14, 2004 Eldorado Chooses the iLinc Hybrid Solution of Purchased Software in a Hosted Environment to Replace Other Web Conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. Vendor iLinc Communications, Inc. (AMEX AMEX See: American Stock Exchange : ILC ILC International Law Commission (United Nations) ILC International Linear Collider ILC Independent Living Centre ILC Independent Living Center ILC Industrial Loan Company ILC International Land Coalition ), developers of one of the most feature-rich, secure and scalable Web conferencing product families available, announced that Eldorado Computing, Inc., a leader in IT administration for healthcare payers, has selected iLinc Communications to fulfill its Web conferencing needs with LearnLinc(TM), MeetingLinc(TM) and ConferenceLinc(TM). Eldorado chose iLinc Communications for its rich and easy-to-use features, including file transferring capabilities during online sessions, real-time application sharing A data conferencing capability that lets two or more users interactively work on the same application at the same time. The application is loaded and running in only one machine; however, keystrokes are transmitted from and screen changes are transmitted to the other participants. and high-level AES data encryption, that fit Eldorado's multiple needs in servicing the medical and insurance industries. Eldorado serves the health benefit management needs of more than 130 clients nationwide, who manage seven million lives and handle 43.2 million claims annually. With iLinc's Web conferencing products, Eldorado is able to streamline operations and have immediate face time with its customers through online training and meetings. Eldorado is using LearnLinc, iLinc's virtual classroom, to train new and existing customers on Eldorado's software and services. As a leader in products and services for health benefit management, Eldorado chose LearnLinc to satisfy their need for an easy-to-use interactive solution to fully train customers. Eldorado will also be using MeetingLinc for internal and external meetings and presentations, as well as ConferenceLinc for sales and marketing events, highlighting Eldorado's products and services for healthcare providers, hospitals and clinics. "We are excited that Eldorado chose our Web conferencing and collaboration solution to replace its current Web conferencing vendor," said Dr. James Powers, president and chief executive officer of iLinc Communications, Inc. "With the hybrid option that Eldorado has chosen, the Company will see a great return on their Web conferencing investment by purchasing the iLinc software while enjoying the benefit of our high speed, high capacity ASP hosting services." Eldorado has purchased the hybrid model of iLinc, with the ability to add Web conferencing seats as their needs grow. With the hybrid model, iLinc enables corporations like Eldorado to make a one-time investment in licensing the software, while providing iLinc's hosting and management services in a dedicated co-location facility. Eldorado joins such other high technology industry leaders as Xerox, ON Semiconductor, California Software Corporation and EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. in choosing iLinc Communications for its Web conferencing and collaboration solution. iLinc Communications focuses on industries that demand secure, consistent, scalable and manageable enterprise Web conferencing and collaboration such as high tech, financial services and professional services communities. About Eldorado Computing, Inc. Eldorado Computing, Inc. is a leader in IT administration for public and private healthcare organizations, self-funded employers, third party administrators, insurance carriers, independent physicians associations and unions. Eldorado's ASP and software solutions for health benefit management reduce administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. by streamlining the technology required to control health claims processing, billing, administration, case management, workflow with imaging and customer service. Eldorado provides a leading-edge, proven solution for automatic claims processing of medical, dental, vision, prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, , long-term and short-term disability claims. Eldorado's software is available on an ASP hosted and licensing basis. Eldorado's HEALTHpac is the foundation for claims repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing , managed care functionality, billing and administrative functions, case management, utilization review u·til·i·za·tion review n. A process for monitoring the use, delivery, and cost-effectiveness of services, especially those provided by medical professionals. , PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there management, COBRA management, Section 125 administration, batch laser printing, electronic claims transmissions, ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. reporting and claims edit processing. HEALTHpac is used by more than 120 claims processing customers. Founded in 1981, Eldorado is a privately-held company based in Phoenix, Arizona with affiliate offices in Barberton, Ohio. Together, Eldorado's customers manage seven million lives and handle 43.2 million claims annually. For more information on Eldorado, visit the company's Web site at www.eldocomp.com. About iLinc Communications, Inc. Phoenix-based iLinc Communications, Inc. (http://www.ilinc.com) is dedicated to helping corporations increase productivity through more efficient communications using Web conferencing and collaboration. iLinc Communications has developed a powerful, easy-to-use suite of services. As a fully scalable and secure solution, with the highest AES data encryption guidelines in the industry, the Company's Web conferencing services save a corporation time and money while improving the effectiveness of a corporation's communications. iLinc Communications' core suite of products, including MeetingLinc(TM), LearnLinc(TM), ConferenceLinc(TM) and SupportLinc(TM), delivers a Web collaboration platform suitable for enterprise or organization-wide deployment. This press release contains information that constitutes forward-looking statements 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. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Factors that could contribute to such differences include the rate of acceptance of the Company's products and services by customers, changes in the e-Learning and Web conferencing and collaboration market in general, use of the Internet, the acceptance of new products, the Company's need for working capital, the result of pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , the competition the Company faces from larger and more well capitalized competitors and other matters more fully disclosed in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. and other reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates and expectations as of the date of the press release, and subsequent events and developments may cause the Company's estimates and expectations to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates and expectations of its future financial performance as of any date subsequent to the date of this press release. |
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