Great news just out on NAMC and NAMCW-
PR NEWSWIRE) New York Post Picks clickNsettle.com as One of The Top 25 In
New York Post Picks clickNsettle.com as One of The Top 25 Internet Companies to
Watch in 2000
- KMWorld Gives The Website a 4 Star Rating -
GREAT NECK, N.Y., Jan. 6 /PRNewswire/ -- clickNsettle.com -- the leading
Internet-based dispute resolution service and subsidiary of NAM CORP.
(Nasdaq: NAMC) -- was picked this week in a New York Post business section
story focusing on the top 25 "comers" in New York new media to watch in 2000.
Highlighted were companies with the most innovative business models that
have the best chances for success. Cites the article, "Dispute resolution
online is a beautiful thing ... lawyers, insurance adjusters and others will
negotiate over the 'Net in ways they never would face-to-face, and that will
lead to faster, easier and more equitable settlements for all ... and to
lucrative business ..."
Additionally, KMWorld -- a leading information provider serving the
Knowledge Management systems market -- gave clickNsettle.com a 4 star rating,
out of 5 possible stars. "This arbitration site could be the answer for some
of the massive legal battles corporate America faces. The idea is almost too
simple," says the website review.
"NAM's goal is to become one-stop shopping for anyone involved in any type
of litigation, anywhere in the world. We want to provide this service
quicker, more economically and more efficiently than anyone and believe this
goal can be accomplished through solid execution and advancement of our legacy
in-person arbitration and mediation services, as well as achieving hypergrowth
in our Internet settlement program," says Roy Israel, President and CEO of
NAM. "We envision that clickNsettle.com will redefine the legal industry by
changing the basic nature of the transaction: better, quicker and less
expensive. Being mentioned in the New York Post article with theglobe.com,
Kozmo.com, and other successful cutting-edge Internet companies, being
compared to eBay and Amazon.com by ABC Network News, and receiving a positive
rating from KMWorld is an indication that we are on the right track and that
clickNsettle.com's global potential is being recognized."
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 is an international provider of arbitration and mediation
services and electronic case management software. Headquartered in Great
Neck, New York, NAM maintains Hearing Officer rosters and conference
facilities nationwide.
The statements contained in this release contain forward-looking
statements relating to such matters as anticipated financial performance,
business prospects and similar matters. The Private Securities Litigation
Reform Act of 1995 provides a safe harbor for forward-looking statements. In
order to comply with the terms of the safe harbor, the Company notes that a
variety of factors could cause the Company's actual results and experience to
differ materially from the anticipated results or other expenditures expressed
in the Company's forward-looking statements. These factors include changes in
the markets and/or regions currently served by the Company and in those
markets and/or regions that the Company may expand into; changes in the
insurance industry; the Company's inability to retain current or new hearing
officers; changes in the public court system; and the degree and timing of the
market's acceptance of its software.
SOURCE clickNsettle.com
-0- 01/06/2000
/CONTACT: Adam Pockriss, 212-981-5228, for clickNsettle.com/
(NAMC)
CO: clickNsettle.com; NAM CORP.
ST: New York
IN: MLM
SU:
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