EAUTOCLAIMS NOTES 3RD STRAIGHT QUARTER OF PROFITABILITY:

Florida-based eAutoclaims recently completed its third consecutive profitable quarter, according to the company. Net income for the nine months ended Oct. 31, 2003 totaled $240,344 compared to a net loss of $3.2 million for the nine months ended Oct. 31, 2002, an improvement of $3.4 million. Revenue for the nine months ended Oct. 31, 2003 was $26.7 million. This represents a 10 percent increase from the $24.3 million of revenue for nine months ended Oct. 31, 2002. For the first quarter ended Oct. 31, 2003, total revenues were $8.7 million versus $8.1 million for the first quarter ended Oct. 31, 2002, an increase of 6 percent. The net profit for the first quarter was $10,242, compared to a loss of $876,852, an improvement of $887,094.