News Out-
Vshield Software (VSHE) in merger talks with UK medical co-insurer
LONDON, UK , Feb. 27 /PRNewswire/ - Vshield Software Corp. (www.vshecorp.com ) is pleased to announce that negotiations are currently underway to acquire a UK medical co-insurance company with multi-million (pnds stlg) pounds sterling in revenues.
The Company has a major agreement in place with one of the leading co-insurance companies in the U.K. Its core business is selling consumer-direct supplementary medical coverage, using the co-insurance facilities it has negotiated.
The Company has developed a sophisticated proprietary back-office service-management platform that tracks all active policies, revenues and claims history, and automatically reconciles these transactions on an ongoing basis. It automatically generates the necessary claims history to receive reimbursement from its co-insurer on claims paid out during the year.
Andrea Zecevic , VSHE IT Consultant, says; "Their back-office software provides easy integration and claims management with the existing software of the co-insurance company. It's extremely user-friendly and automates the entire policy administration, claims payment and reimbursement processes".
This acquisition will further broaden the Company's suite of software services and capabilities.
The Company will provide further details of the merger as they become available.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
