With industry experience and a strong entrepreneurial history, Shulman offers strategic leadership for BenefitPoint's continued growth. As the founder of Internet HealthCare Group (IHCG), an investment fund focused exclusively in the healthcare sector, Shulman's mission was to identify, acquire and build profitable ehealth, einsurance and eemployee benefits companies. Shulman will remain active in IHCG, continuing in his current role as chairman and chief executive officer. An industry expert, Shulman's commitment to BenefitPoint is an endorsement of its original mission to deliver an efficient electronic platform through which employee benefits broker/consultants and carriers transact business.

"Having served as chairman and chief executive officer of Prudential HealthCare Inc., now part of Aetna US HealthCare, Inc., as co-founder and president of Value Health, Inc. and as president of CIGNA Health Plan's east central division, I look forward to using my experience with traditional insurance carriers to provide sound guidance to lead BenefitPoint to continued success," said Shulman, vice chairman of the board of BenefitPoint.

Timothy F. Ray brings a rich understanding of industry processes and needs, having most recently held the position of president and chief executive officer for Consortium Health Plans, Inc. for a period of five years. He will be working with BenefitPoint executives to help accelerate the company within the carrier marketplace. Ray's background as a partner and national healthcare director for the health and welfare practice at PricewaterhouseCoopers and as a principal consultant at William M. Mercer provide him with the ability and relationships to steer BenefitPoint to greater success through industry-wide adoption of its platform.

"BenefitPoint has demonstrated its strength among employee benefits brokers and consultants with national adoption from over 160 of the leading players in the industry as well as over 30 insurance carriers," said Ray, vice chairman of the board of BenefitPoint. "Now that the broker/consultant foundation has been put in place, I will leverage my industry expertise with a particular focus on carriers."

"It is evident from BenefitPoint's success to date that there is a compelling need in the employee benefits industry for streamlined business transactions and increased efficiencies in the administration and procurement process," said Mark A. Pulido, chairman of the board of BenefitPoint. "BenefitPoint has created and delivered the technology to facilitate these industry demands. As BenefitPoint accelerates its momentum, we are delighted that well respected industry leaders like Steven Shulman and Tim Ray have decided to join our board and become active in our company."

About BenefitPoint, Inc.
BenefitPoint 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 industry services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. We provide: client management, eprocurement, online benefits communications, enrollment and administration tools, employee benefit and worksite products and analytics and data mining.

Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper, to make it possible to deliver more products and services, and to make better information available.

Since general availability in February 2000, BenefitPoint has received widespread industry adoption from over 30 regional and national insurance carriers as well as over 160 of the leading U.S.-based brokerage and consulting firms. The company, headquartered in San Francisco, CA, may be reached at 415.277.5600 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held.