Elios Unveils Power Search and Transfer Untility 2.0 Providing Significant Cost Reductions for Leinholder Notifications

In an era of sky-rocketing insurance administration costs, ELIOS, Inc., continues to create advanced solutions that provide significant cost reductions that add up to, in many cases, to millions of dollars saved. Top insurance agencies and industry players are taking a keen interest in ELIOS and their new technology due to the overall process simplification and potential cost reductions.

Elios Unveils Power Search and Transfer Utility 2.0 Providing Cost Reductions in Lien Holder Notifications

San Ramon -- March 7, 2003 -- Elios, Incorporated, (www.elios.us), a leading provider of software for the insurance and financial services industry, unveils the latest version of its suite of Lien Holder and Mortgagee Electronic Notification Solutions.

More about the Elios Suite of Lien Holder Notification Solutions

Elios Lien Holder Notification software suite, including Elios Power Search and Transfer Utility 2.0 uses secure, 128-bit encryption FTP software and a 32-bit electronic signature unique to each Client to ensure privacy and eliminate the costs associated with electronic data interchange (EDI). As part of its service package, ELIOS provides customers with installation, training and support on an ongoing basis.

Companies using Elios Power Search and Transfer Utility 2.0 will be able to benefit from reduced risk as well as time and cost savings. Elios ODBC-based Power Search 2.0 provides an intuitive, easy to use Graphic User Interface (GUI). It allows customers to obtain lien holder or mortgagee notification information and accurately update their own systems within seconds. Elios Transfer Utility mitigates error, ensuring that only valid notifications are sent to Elios for processing and invalid notifications can be remedied immediately and resubmitted. By using Elios software suite, the nations top insurers are realizing a significant competitive advantage and return on investment.

Elios Power Search and Transfer Utility 2.0 furthers our commitment to providing increased efficiency and a competitive edge," said Jordi Huguet, founder and CEO of Elios. In a market where claims settlement costs are already exponential, Elios eliminates returned mail and shortens notification delivery time to give insurers peace-of-mind -- knowing that they are able to avoid the risk and expense of potential claims."

We chose Elios because we needed a strategic partner with whom we had confidence while being able to leverage advanced technical capabilities and ease-of-use," said Mark Garavaglia CFO of CENCAL Insurance. Using Elios Power Search and Transfer Utility 2.0 allows us to guarantee our customers one-hundred percent accuracy and provide information in a timely manner. We look forward to a long relationship with Elios, which will enable us to continue to address our customers ever changing needs."

About Elios

ELIOS, Incorporated was founded in 1999 to address the needs of insurance and financial services' companies' back office operations, increasing efficiency and eliminating manual operations that are error prone, costly and difficult to administer. Using Elios Lien Holder/Mortgagee Notification Software and Services, a wide-range of insurance and financial services organizations enjoy considerable cost savings in personnel, administration, IT resources, and overhead. Visit online at www.elios.us or call 925-866-4131.

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