Scottsdale, Arizona 11/26/2008 1:59:54 AM
News / Finance

Communication Intelligence Corp. (CICI.OB) Inks Service Agreement with iPipeline to Deliver Service to Top-5 Insurer

www.QualityStocks.Net would like to highlight Communication Intelligence Corp. (OTCBB: CICI). The company is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online®" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.

 

In the company’s news yesterday,

 

Communication Intelligence Corp. announced an alliance with iPipeline, an industry leader in distribution software for insurance and financial services company, in which CIC will provide iPipeline with its electronic signature technology. iPipeline chose CIC as a partner because of the company’s position in financial services and it’s real-time eSignature capture, verification and binding technologies.

 

“With our focus on full functioning, easily extensible and proven electronic signature technology, CIC is an excellent choice for us because of its successful track record in the financial services sector,” Tim Wallace, CEO of iPipeline stated in the press release. “The cost and time savings realized through straight through processing are significant. CIC’s electronic signature technology provides the final and essential step to easily migrate to a truly paperless environment. Our combined offering provides our customers with a safe, secure and convenient experience.”

 

CIC’s technology will complement iPipeline’s wizard-based iGO Forms Platform, an intelligent fill-able forms solution for the life insurance product provider’s high-net-worth life insurance customers. The technology delivers accessible product information, rate quotes and application forms, ensuring the validation of completed forms, accurate information transfer and an electronic approval process. For CIC, yesterday’s announcement confirms the necessity of its products, as well as the company’s position in the marketplace.

 

“When leading insurance companies select and deploy our electronic signature solutions, it validates the confidence in CIC and its products that we strive for,” Guido DiGregorio, CIC’s chairman and CEO stated. “We see a significant trend among carriers towards integrating forms with eSignature. We look forward to continuing our work with iPipeline to support its current and future product and customer needs, the goal of which is to enable straight through processing of electronic forms and the ultimate objective of a truly paperless process.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.