DALLAS, June 5 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of electronic transaction services to the healthcare industry, announced today the signing of an exclusive agreement with Health First Health Plans for clearinghouse services associated with electronic healthcare transactions. According to a 2006 study published by US News & World Report and the National Committee for Quality Assurance, Health First Health Plans' Medicare benefit plans were ranked among America's best. Under the terms of the agreement, Claimsnet will serve as the communications link between Health First Health Plans and healthcare providers for the electronic delivery of claims and other related transactions. "Claimsnet has proven to be a reliable and efficient partner for handling an important part of our business, and we're happy to continue working with them," said Christi Rushnell, vice president for information systems at Health First Health Plans. She added, "We're proud of our record of paying claims quickly and accurately and Claimsnet is a big part of that." "Claimsnet has provided services to HFHP under a separate agreement for several years," said Gary Austin, Claimsnet's President and Chief Operating Officer, "and we are extremely pleased to be a part of Health First Health Plans future technology solution." About Health First Health Plans - Centrally located in the Suntree area in Fla., HFHP currently has 65,500 members -- nearly one out of every seven residents in Brevard -- including 22,100 Medicare and 33,000 commercial group members. HFHP also provides administrative services for 10,500 members of self-funded plans. Serving residents of Brevard County and part of Sebastian in Indian River County for 10 years, HFHP was founded as part of Health First, a not-for-profit family of healthcare services that also includes Cape Canaveral Hospital, Holmes Regional Medical Center, Palm Bay Community Hospital, and Health First Physicians. For more information, visit http://www.healthfirsthealthplans.org/ or call 321.434.5600. About Claimsnet.com - Claimsnet is a leading provider of electronic transaction services for the healthcare industry. Headquartered in Dallas, Claimsnet offers services that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at http://www.claimsnet.com/. Safe Harbor Statement Under the Private Securities Litigation Act 1995 - With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on business partners and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission. DATASOURCE: Claimsnet.com inc. CONTACT: Don Crosbie of Claimsnet.com inc., +1-972-458-1701, Ext. 112, Web site: http://www.claimsnet.com/

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