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CORE, INC. Announces Stockholder Approval of Merger With Fortis, Inc.

IRVINE, Calif., July 10 /PRNewswire/ --

CORE, INC. (Nasdaq: CORE), a national provider of employee absence management, announced today stockholder approval of the proposed merger with Fortis, Inc. The transaction is subject to customary closing conditions and CORE expects to effect the merger later in the week.

At the effective time of the merger, each outstanding CORE share will be converted into the right to receive $4.92 in cash, without interest. As soon as practicable after the close of the merger, the paying agent will mail to

CORE stockholders of record transmittal instructions for submitting share certificates to the paying agent for payment.

For more information, please contact Mona Baset Winn at (949) 442-2109 or (949) 306-6422, or visit CORE's Web site at

About CORE

CORE is the leading independent provider of employee absence management, covering 1.8 million employees nationwide. CORE combines proprietary clinical systems with a staff of experienced nurses, physicians, benefits specialists and claims professionals to help employers reduce absences, increase employee satisfaction and improve workplace productivity.

About Fortis, Inc.

Fortis, Inc. is a financial services company that, through its operating companies and affiliates, has built leadership positions in a number of specialty insurance market segments in the U.S. Fortis, Inc. is part of Fortis, an international financial services provider active in the fields of insurance, banking and investment. Fortis employs approximately 70,000 people worldwide. As one of the world's largest financial services companies, Fortis ranks 26th on the Fortune 'Global 500' and 33rd on the Forbes 'World Super 50' (July 24, 2000). For more information, visit the company's Web site at

CORE Safe Harbor Statement

This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and CORE's actual results may differ materially from those contemplated by such statements. These forward-looking statements reflect management's current expectations, are based on many assumptions, and are subject to certain risks and uncertainties, including, among other things, those factors described in the periodic reports and registration statements CORE files from time to time with the Securities and Exchange Commission. CORE does not intend to update or publicly release any revisions to the forward-looking statements.

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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 10, 2001
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