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San Francisco, CA — Wednesday, January 17, 2001 — BenefitPoint, Inc., the leading
eInfrastructure company for the distribution and management of employee benefits, announced today
that it has installed over 200 brokerage/consulting firm offices. These offices have uploaded over 35,000
employers, representing employee benefits products and services for over 10 million employees on the
BenefitPoint system. This milestone validates that the country's largest brokerages and consulting firms
are using the BenefitPoint platform to transform the way employee benefits products are distributed and
managed. It is also testament to the fact that Benefitpoint is enjoying widespread adoption by the
$600 billion employee benefits industry as a whole.
"We are very pleased with the commitment of our customers in driving the use of the BenefitPoint platform
throughout their organizations. Over the past 12 months, we have made considerable investments in account
management, training staff, and leading edge web-based training technology to assist our clients, and it is
exciting to see the hard work paying off", said Ralph Gowen, Vice President of Services at BenefitPoint.
BenefitPoint continues to partner with the leading U.S.- based employee benefits brokerage and consulting
firms and is aggressively moving to grow its relationships with regional and national insurance carriers.
The BenefitPoint application suite enables insurance carriers to leverage eCommerce for more efficient
product distribution through the existing channel. To date, BenefitPoint has agreements with 18 insurance
carriers representing all major lines of employee benefits products and services.
About BenefitPoint, Inc.
BenefitPoint, Inc. delivers the leading Internet-based employee benefits infrastructure for the distribution
and management of group insurance and financial products. As the central nervous system of the employee
benefits industry, BenefitPoint provides a complete set of B2B services enabling benefits professionals
to manage the entire group health insurance and benefits lifecycle. Building on the existing industry
relationships among carriers, broker/consultants, employers, and employees, the BenefitPoint solution
combines the efficiency of the Internet with the established distribution model of the insurance industry
to eliminate paper (saving everyone time and money), to make it possible to deliver more products and
services (giving everyone more choices), and to make better information available (enabling everyone to
make better decisions).
Since general availability in February 2000, BenefitPoint has received widespread industry adoption from
regional and national insurance carriers as well as from more than 120 of the leading U.S.-based broker
consulting firms. The company, headquartered in San Francisco, CA, can be
reached at 415.277.5600 or at www.benefitpoint.com.
BenefitPoint, Inc. is privately held.
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