Healthcare, insurance and financial companies better serviced with Xenos software
TORONTO, Ontario, April 23, 2003 - Xenos (TSX: XNS), the data to e-content companyT, today announced that AdminiSource has implemented its d2e Platform software.
AdminiSource currently prints and mails statements for healthcare, insurance and financial companies in the United States. Insurance statements, payment coupons, utility bills, commission checks and correspondence are the primary documents that AdminiSource produces. AdminiSource sought to create and file electronic instead of paper copies of these printed statements for backup purposes. As well, AdminiSource wanted to provide on-line customer service assistance. AdminiSource chose Adobe PDF as the format for both of these applications. By using the Web to host the PDF documents, AdminiSource can better serve their customers while at the same time providing AdminiSource with an additional revenue stream.
The electronic document offering has been well received by AdminiSource clients.
"Xenos software solved compatibility problems we experienced in trying to make documents available online for our customers," said Mike Knoll, Vice President of AdminiSource. "In a very short time we have already achieved a moderate return on our investment in the Xenos software solution. We plan to expand this new Web based electronic document offering in the future as a vital growth strategy."
"We are pleased to welcome AdminiSource as a Xenos client," said Jim Farmer, President and COO of Xenos. "Service providers like AdminiSource can expand their traditional print-based services by leveraging their experience with printed documents into electronic documents, while at the same time improving their revenues and services to their customers."
AdminiSource was launched in 1997 after years of providing outsourcing services to Fortune 500 insurance carriers. With roots in the insurance/healthcare market, AdminiSource's experience provides seamless and flexible solutions that provide clients with the highest standards of dependable service and measurable savings. AdminiSource has customers in the Healthcare, Insurance and Financial industries.
Xenos has provided data and electronic document transformation solutions for over 20 years. Its solutions are embraced worldwide, across a wide variety of industries, including healthcare, financial services and government. Xenos improves the efficiency of information and data management while preserving investments in existing IT infrastructure, systems, applications and procedures. Its solutions provide the capture, composition, transformation, enhancement, repurposing, storage, retrieval and distribution of documents across the enterprise. Xenos data solutions are used to integrate incompatible applications, business processes, enterprise systems, partners, structured data, databases and Web services. Its product offering includes Xenos d2e, Xenos infoWEB, Xenos terminalONE and GoXML. Xenos has offices in Canada, the United States, the United Kingdom and France. Xenos trades on the Toronto Stock Exchange under the trading symbol "XNS." For more information visit www.xenos.com.
Director of Marketing:
Marian Lewandowski
Tel: +1 (905) 763-5115
Fax: +1 (905) 709-1023
E-mail: mlewandowski@xenos.com
Investor Relations Contact:
Cory Pala
Xenos Group, Inc.
416-657-2400
cpala@xenos.com