Cover-All Technologies, Inc. (OTC:COVR) has release its full year guidance for the period ended December 31, 2009, following a strong fourth quarter. The company is anticipating the 2009 full year total revenues to fall between $13 and $14.5 million. The nine months results for the period ended September 30, 2009 showed total revenues of $8.3 million. The previous earned total revenues of $13.5 million.
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The company’s Chairman of the Board of Directors and Chief Executive Officer, John Roblin, believes that the company gain benefit from the company’s strong quarter after the announcement of two new customers. He also reports that the company plans to release the audited fourth quarter and full year earnings sometime in February 2010. Further information regarding the release and its following conference call will be released closer to the date of the event.
Cover-All Technologies Inc. provides software products, services and solutions to the property and casualty insurance industry. Its software products and services focus on the functions required to underwrite, rate, quote, issue, print, bill and support the entire lifecycle of insurance policies. The Company’s customers include insurance companies, agents, brokers and managing general agents (MGAs). The Company provides a range of professional services that support product customizations, conversion from existing systems, data integration with other software or reporting agencies and other technical services. The Company also offers ongoing support services including incorporating recent insurance rates, rules and forms changes. These support services provide turnkey solutions to its customers as the Company perform analysis, development, quality assurance, documentation and distribution for delivering changes.
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