We've hit ABC NEWS! That should turn it around for a while
ABC World News This Morning Features clickNsettle.com
GREAT NECK, N.Y., Dec. 2 /PRNewswire/ -- NAM CORP. (Nasdaq: NAMC - news) provider of domestic and international arbitration and mediation services and electronic case management software was featured today on ABC World News This Morning. The story focused on NAM's subsidiary clickNsettle.com, the fully interactive, real-time negotiation, Internet-based settlement program. Litigants that negotiate via the program utilize an unlimited, blind bidding process to settle cases.
The ABC feature highlighted the time and cost efficiency benefits provided by the program. ''Mentioned in the same breath as Ebay and Amazon.com, clickNsettle.com boasts log-on litigants from small claims clients to large corporations. At $15 a bid, cyberhaggling can save money and time because it cuts to the chase and bypasses the posturing. 'I will see you in court' may be replaced with 'let's settle in cyberspace','' said the report.
Roy Israel, NAM President and CEO, was featured in the story. ''In the United States, it can take litigants up to 30 months to get their day in court. The process is extremely expensive. clickNsettle.com is a very inexpensive way to negotiate and settle cases in a matter of minutes from your home or office.''
clickNsettle.com utilizes an interactive settlement format that allows disputing parties to enter ''blind'' and confidential offers and demands, via the Internet, to settle cases. The program provides
disputants with the ability to negotiate cases with their adversaries without actually ''tipping their hand'' about what amounts they would accept for settlement. The demands and offers are secure and only the final settlement amount is ever revealed. This ensures that neither party loses any bargaining power in the event that a case does not settle. Additionally, disputing parties have the option to auto-submit cases to NAM for traditional arbitration or mediation in the event an online settlement is not reached. The program provides extensive reporting for both online and traditional arbitration and mediation results and settlement statistics.
NAM Corporation, the parent company of clickNsettle.com, also provides domestic and international arbitration and mediation services and related proprietary case management software. Headquartered in Great Neck, New York, NAM maintains Hearing Officer rosters and conference
facilities nationwide.
Chris |
