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  2002 Press Releases
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For immediate release
January 10, 2002

Contact:
Elizabeth Lesley
Benelogic, LLC.
443.322.2467
blesley@benelogic.com


Benelogic, LLC Closes 2001 with Strong Sales of Benefits Administration Technology

Issues Strong Guidance for 2002 based on Current Economic Conditions

Timonium, MD - Benelogic, LLC, a provider of software applications and services designed to streamline the employee benefits administrative process, announced today the addition of four more clients in the month of December to round out 2001 sales. In the past two months alone, Benelogic has implemented more than 16 clients onto its Corporate Edition product series.

Under these agreements, Benelogic will provide its Web-based Benefits’ Portal at both the organizational and employee level ultimately enhancing the total benefits package offered. These portals include: Employee Self-Enrollment, Employee Communications, Carrier Data Exchange, Online Billing Tools, Payroll / HRIS Integration and Enrollment & Eligibility Warehousing

December client contracts include:

                      Doctors Community Hospital
                      VIPS, Inc.
                      Cassidy & Pinkard
                      Rensselaer Polytechnic Institute (RPI)

"We are extremely pleased to have these companies adopt our product and services," said S. Stuart Spector, Benelogic’s chief operating officer. "Our client profile continues to expand across a broad industry mix. Our growth in the past two months validates our commitment to delivering leading employee benefit administrative solutions to today’s employers. Additionally, our business model is being viewed as a ‘value added service’ for leading Brokers, Consultants, and Carriers."

Benelogic forecasts strong sales for 2002. "The current economic conditions, coupled with the anticipated rate increases in the healthcare market, will force employers to adopt the cost saving solutions created by web-based benefits administration," said Matthew T. Oros, Benelogic’s chief executive officer. "The demand for our products doubled throughout sequential quarters in 2001. Corporations will continue to spend money in 2002 on products and services that reduce their overall operating expenses and ultimately increase their bottom line."

About Benelogic

Benelogic, LLC., is a Timonium, MD-based firm that develops intuitive software applications and services designed to streamline employee benefits administration by empowering clients to interact, manage and control their data. By enabling the logical use of data to streamline and enhance the benefits administration process, Benelogic offers end-to-end products and services including: Employee Self-Enrollment, Employee Communications, Carrier Data Exchange, Online Billing Tools, Payroll / HRIS Integration and Enrollment & Eligibility Warehousing. These products and services are available for Employers, Brokers & Consultants, TPA’s and Insurance Carriers. For more information about Benelogic and its services, please visit the company's Web site:www.benelogic.com or call (877) 716-8778.
 


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