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Bluebook International Announces Joint Development Agreement With TWG Systems, Inc.

Posted on: Monday, 1 August 2005, 09:00 CDT

LAKE FOREST, Calif., Aug. 1 /PRNewswire-FirstCall/ -- Bluebook International, Inc. (BULLETIN BOARD: BBKH) a leading data and software services provider to the property and casualty insurance industry, today announced a joint development agreement with TWG Systems, Inc. to develop a comprehensive Carrier and Managing General Agency (MGA) application for personal and commercial lines auto insurance. The joint product will support agency sales, underwriting, policy fulfillment, billing and claims.

The Indemnex(TM) product created by TWG Systems currently supports a personal lines auto insurance program with Rio National Insurance Services, Inc. Indemnex is a complete underwriting and agency management product that has interactive agency connection via the Web, a full internal processing system for policy issuance, policy management, direct billing, on-line endorsements, financial reporting and statistical reporting; and an integrated claims management system. The Indemnex(TM) system design is for auto insurance products, but the system is expandable for all lines of insurance.

Combining the Bluebook applications BestNet(TM) and BestCentral(TM) claims systems, which specialize in claim workflow, field management and host a vendor portal, with the Indemnex system, the result is a comprehensive, full service software system for insurance carriers and MGA's. Both systems are compatible as programming languages and database platforms are developed on Microsoft's .Net framework.

"This joint effort between Bluebook and TWG reflects mutual respect among organizations that service the challenging insurance software industry," said Steve Harlan, Information Technology Director of TWG. "We both have cutting edge products that are innovative, effective and result in significant cost savings due to new efficiencies."

"We are delighted to partner with TWG Systems for this complete auto insurance application," said Brian C. Jones, EVP of Bluebook. "We expect this to be the beginning of a long term relationship. It is exciting that today's technology affords integration of applications to perform as one without requiring prohibitive costs and time to fully execute. Everyone wins here."

About TWG Systems, Inc.

Based in Colorado Springs, Colorado, TWG Systems, Inc. specializes in software design and implementation for the insurance industry, and is currently the sole distributor of the Indemnex insurance management software package. Indemnex has proven to be one of the finest insurance software systems available to the industry. Some key features of the Indemnex system are: Web based; Quick, real time financial and statistical reporting; interactive modules for Agent Interaction, policy management, underwriting and claims; back-end database encryption; complete forms generation on plain paper; paperless, secure storage of documents in PDF format which can be reprinted with the click of a mouse from any location and at any time; lightning fast policy rating, and automatic interaction with State mandated insurance databases.

About The Bluebook International Holding Co.

The Bluebook International Holding Co. (BULLETIN BOARD: BBKH) is a leading data, software and services provider to the property and casualty insurance industry. The Bluebook's products serve the underwriting and claims process with highly scalable and accessible data solutions built on Bluebook's industry-utilized standards, pricing and best practices. Bluebook's International property repair and replacement cost data combined with over 40 years of data aggregation and standards, are mitigating risks, providing significant enhancements in workflow and reducing costs.

SAFE HARBOR STATEMENT THIS NEWSLETTER/RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE ALSO MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. THIS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS PURSUANT TO THE SAFE-HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, OR BY THE SECURITIES AND EXCHANGE COMMISSION IN ITS RULES, REGULATIONS AND RELEASES. THESE FORWARD- LOOKING STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES, AND OTHER FACTORS, SOME OF WHICH ARE BEYOND THE CONTROL OF BLUEBOOK, ARE DIFFICULT TO PREDICT AND COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED ABOVE.

Bluebook International, Inc.

CONTACT: Mark Josipovich of Bluebook International Holdings,+1-949-470-9534, markj@bluebook.net; or Scott Liolios, scott@liolios.com, orRon Both, both of Liolios Group, +1-949-574-3860, for Bluebook International,Inc.

Source: PRNewswire-FirstCall

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