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Exhibit 99.1
For more information,
please contact:
Don Crosbie
(972) 458-1701 Ext. 112
dcrosbie@claimsnet.com
FOR IMMEDIATE
RELEASE:
Claimsnet Exploring Acquisition of
Acceptius
Acquisition Would Extend Product
Offering to Healthcare Customers
DALLAS, Texas –
December 13, 2007 — Claimsnet.com (OTCBB: CLAI.OB), a
leading provider of electronic transaction services to the
Healthcare industry, announced today that it has entered into an
agreement to acquire substantially all the assets of Acceptius,
Inc., also located in Dallas, Texas. The agreement is subject to
due diligence and is structured as an asset purchase for stock and
a minimal amount of cash. It is anticipated that the transaction
will close in early January 2008, and that when completed will
add approximately 35% to the revenue of Claimsnet. The parties are
in agreement as to the terms and conditions. The transaction is
also subject to the approval of Acceptius shareholders, and such
approval is now being obtained.
Acceptius, based in Dallas,
Texas, will be a strategic addition to Claimsnet’s
transaction processing suite of services for the Healthcare
industry and includes paper conversion and claims repricing. The
acquisition will extend Claims
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