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Letter to the Editor

Two Insurers Of eAutoclaims.com Customer in Receivership; eAutoclaims Promotes Two Executives

Two insurers of David Morse and Associates, eAutoclaims.com Inc.'s (EACC) second largest customer, have been placed in receivership, according to a Form 8-K filing released by the Securities and Exchange Commission.

Hudson Insurance Co . has agreed to underwrite the insurance program that was previously underwritten by the two insurers, Legion Insurance Co . and Villanova Insurance Co .

David Morse & Associates is a third party administrator that oversees about $ 120 million in auto property and casualty insurance that was administered by the managing general agent, Guardian General Insurance Services Inc.

The two insurers are estimated to have provided half of the revenue that eAutoclaims.com received from this account, the filing said.

EAutoclaims' remaining business from David Morse is unaffected. eAutoclaims has announced the promotions of John Prozinski to Vice President of Business Development and Stacey Adams to Vice President of Operations.

In his new position, Prozinski will be responsible for promoting and coordination of the company's eJusterSuite(TM), an Application Service Provider (ASP) for streamlining repair claims for the automobile insurance industry, with vendors in the insurance industry.

"While ASP-based services are emerging as a new technology paradigm,'' says Eric Seidel, President and CEO of eAutoclaims. "Marketing these services to trading partners requires a unique set of skills and experience. John has the right mix of technical expertise and tenacity to help us realize the aggressive sales targets we have established for our eJusterSuite(TM) application."

As Vice President of Operations, Stacey Lynn Adams will work with existing and new clients to meet their service needs. She will also assist the chief operating officer in running the firm's operations. Adams first joined eAutoclaims in May 1999 as a claims coordinator.

Regarding the development of operations staff, Seidel said, "It's easy to believe that technology is the solution to efficient claims management, but it must share equal billing with dedicated people who understand clients' challenges and anticipate their needs. Professionals like Stacy have shown this to be true over and over again as our existing clients continue to increase the amount of business they do with eAutoclaims."

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