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Automated Benefits’ First Half Revenue Up 20%

Net loss for the six months ending June 30, 2009 is $1.31 million

Automated Benefits Corporation, a Toronto, Ontario-based software company dedicated to developing applications for the insurance industry, has reported revenues of $2.21 miliion for the six months ending June 30, 2009, an increase of 20% over revenue for the same period last year.

Adjusted EBITDA for the six months ending June 30, 2009 is $781,000, an improvement of 6% over the Adjusted EBITDA for the same period last year.

The net loss for the six months ending June 30, 2009 is $1.31 million ($0.01 per fully diluted share) compared to a loss of $1.14 million ($0.01 per fully diluted share) during the same period last year, an increase of 15%.

Additionally, on August 17, 2009, the company announced the adoption of Innovation Symbility by Ellipta Limited. Ellipta will integrate the Innovation Symbility technology platform with their existing ClaimSpec property damage product, to provide insurers and loss adjustors with an accurate and streamlined way for end-to-end property claims management.