DALLAS, Feb. 13 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of Internet based ASP electronic claims processing solutions for the healthcare industry, announced today that its electronic data interchange (EDI) clearinghouse has received full accreditation by the Electronic Healthcare Network Accreditation Commission (EHNAC). EHNAC -- which establishes criteria for measuring the performance of clearinghouses and value-added networks -- is a not-for-profit accrediting agency that provides independent peer evaluation of an organization's ability to perform at industry-established levels. Claimsnet's clearinghouse business, which has grown significantly in the past few years, was one of the first companies to adopt internet technology for the transmissions of electronic health care claims, within a secure environment. It has continued to expand its customer base, and connectivity in all geographic areas of the country, including Hawaii, using a combination of direct payer connectivity and intermediary links to provide an all payer solution to its provider customers, and sophisticated connectivity for its payer customers resulting in a very high auto adjudication rate. Lee Barrett, executive director of EHNAC said of Claimsnet.com: "Today Claimsnet.com joins a select group of clearinghouses that have demonstrated to independent third party evaluators their ability to deliver their services consistent with the only standards in the industry that measure the overall business practices of a clearinghouse." "EHNAC accreditation represents a significant milestone in our efforts to be a full service clearinghouse, with wide connectivity within the industry," said Don Crosbie, CEO of Claimsnet. "Our history of technology innovation has enabled us to deliver high performance solutions that help create a more connected healthcare industry." About Claimsnet.com -- Claimsnet is a leading provider of Internet-based claim processing solutions for the healthcare payer industry, including distinctive, advanced ASP technology. Headquartered in Dallas, Claimsnet offers systems 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/ . About EHNAC -- EHNAC is an independent, not-for-profit accrediting agency that provides independent peer evaluation of an organization's ability to perform at industry-established levels. EHNAC's function is to promote administrative simplification and cost savings in the healthcare industry and to provide the healthcare transaction industry with an independent capability to develop industry standards, known as EHNAC Criteria. The mission of EHNAC is to promote standards, quality service, innovation, cooperation and open competition within the healthcare EDI industry: Establishes minimum criteria for industry self-regulation. * Encourages firms in the industry to improve performance. * Facilitates open market access and competition ("open access" referring to acceptance of transactions from any source or routing.) * Fosters consistency in transmitted information. * Enhances customer service and satisfaction. ("Customers" include providers, payers, intermediaries and third parties.) The EHNAC Commission seeks to accredit entities that send or receive HIPAA regulated transactions, or that transport or process EDI transactions between two or more trading partners in the healthcare community. These entities include, but are not limited to, clearinghouses, transactions processors, value-added networks (VANs), payers, providers and provider management organizations. http://www.ehnac.org/ . Safe Harbor Statement under the Private Securities Litigation Act 1995 -- This press release contains forward-looking statements that reflect our current assumptions and expectations regarding future events. While these statements reflect our current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to the soundness of our business strategies relative to the perceived market opportunities; our ability to successfully develop, market, sell, cross-sell, install and upgrade our clinical and financial transaction services and applications to current and new physicians, payers, medical laboratories and pharmacies; our ability to compete effectively on price and support services; our assessment of the healthcare industry's need, desire and ability to become technology efficient; and our ability and that of our business associates to comply with various government rules regarding healthcare and patient privacy. These and other risk factors are more fully discussed in our filings with the Securities and Exchange Commission, which we strongly urge you to read. We expressly disclaim any intent or obligation to update any forward-looking statements. When used, the words "believes," "estimated," "expects," "anticipates," "may" and similar expressions are intended to identify forward-looking statements. DATASOURCE: Claimsnet.com inc. CONTACT: Don Crosbie of Claimsnet.com inc., +1-972-458-1701, Ext. 112, or Web site: http://www.claimsnet.com/ http://www.ehnac.org/

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