Access Plans Inc (fka APNC)

[MoneyMan]

Insurint accquired by Connecture Inc.

APNC's Insurance Marketing Division uses Insurint's platform for their agents.

PR telling about deal. http://www.connecture.com/pressreleases.aspx?z=1&a=120

Details on sale from Health Benefits Direct 10k:

As of December 31, 2009 the Company’s assets and liabilities pertaining to Insurint were $7,906 and $20,753 respectively. As of December 31, 2009 the Company’s long lived assets pertaining to Insurint were fully depreciated or fully amortized. The Company’s revenue and expense pertaining to Insurint for the year ended December 31, 2009 was $163,783 and $1,557,901, respectively. The Company’s revenue and expense pertaining to Insurint will cease effective March 31, 2010.

The Company anticipates recording a gain on the sale of Insurint of approximately $625,000 on March 31, 2010.

I had hoped Insurint was a possible acquisition for APNC, but seeing those numbers it puts up, nevermind. Maybe they can utilize Connectures other products also.