PRESS RELEASES

5/26/2005 - BIPT a Member of IBM's Software as Services (SaaS) Showcase

Sarasota, FL - BIPT, Inc. (BIPT), a leading provider of web-based insurance processing solutions, today announced their participation in IBM's newly launched Software as Services (SaaS) Showcase. BIPT is proud to be the only insurance industry provider currently included in the Showcase.

"BIPT has been in the business of delivering hosted web-based insurance processing solutions since our inception," said Rick Caudill, Vice-President of Sales & Services at BIPT. " We are pleased to be partnering with IBM in our efforts to promote the SaaS model within the insurance industry."

According to IDC, the Software as a Service (SaaS) market reached revenues $4.2 billion in 2004. IDC expects that from 2004-2009, the SaaS market will grow at an annual compound rate of 21 per cent until it reaches $10.7 billion in 2009. . This growth can be attributed to customers' increased desire for flexibility and the ability to access business functions remotely as a service with usage-based pricing. Software as a service can help customers achieve an On Demand business model and reach new levels of innovation while obtaining the increases in productivity that are necessary to improve their bottom line. To address this growing customer need, IBM is providing new tools and resources that will help even more ISV partners easily transition to a services delivery model.

To help customers take advantage of the SaaS model, IBM unveiled the "Software as Services Showcase," an online directory which allows customers to search for ISV solutions that are available to them as a service. The Showcase includes ISV solutions that span a range of solution areas - compliance, human resources, CRM - in addition to specific industries, such as retail and insurance. More than 40 solutions from 20 ISVs are currently listed in the Showcase, which are designed to be implemented quickly and with minimal upfront expense so customers can achieve faster time to value. The ISV solutions are expected to reach tens of thousands of customers and millions of users.

Visit BIPT in the IBM SaaS Showcase

About BIPT, Inc.

BIPT, Inc., headquartered in Sarasota, Florida, is a leading provider of Policy and Claims Administration solutions for the Property and Casualty Insurance industry. Their flagship solution, TiVA, is a browser-based system designed to help carriers extend their application process to agents in the field, streamline the underwriting process, and improve their competitiveness in the marketplace. Visit the company’s website at www.bipt.com.

About IBM

IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and key Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of e-business. For more information about IBM, visit www.ibm.com.