Is this the big announcement or is there more to come?
eLEC Communications Corp.'s affiliate, RiderPoint, Inc.,
announces the expansion of coverage to 26 states for its
comparative insurance rater, RiderPoint IQ.
NORWALK, Conn.--(BUSINESS WIRE)--March 10, 2000--RiderPoint, Inc., the leading
Internet comparison rating insurance site and the only site where agents, dealers and consumers can
receive instant online motorcycle insurance quotes from the top-rated insurance carriers, announced
today the expansion of their RiderPoint Insurance Quote online comparative rater into eleven
additional states: Connecticut, Delaware, Florida, Idaho, Maine, Maryland, Nevada, New York,
South Carolina, Tennessee, and Texas.
RiderPoint IQ, located at www.riderpoint.com, provides consumers with the ability to comparatively
shop for and buy their motorcycle insurance at one location, without the hassles traditionally
associated with purchasing specialty insurance. The design and format of the product allows anyone
to have access to specialty lines via an Internet connection.
"We are very excited about our expansion into 11 additional states," said Craig Gironda,
RiderPoint's President and CEO. "We are now licensed to sell insurance in 26 states, which
represents over 60% of the motorcycle market. We are on pace to be in 33 states by the end of
March, serving over 80% of the market."
eLEC Communications Corp. (NASDAQ: ELEC) is a publicly-traded local telecommunications
company that is taking advantage of the convergence of the current and future competitive
technological and regulatory developments in the Internet and telecommunications markets. The
company provides an integrated suite of communications services to small- and medium-sized
business customers, including local, long distance, dial-up access, dedicated access, and Web site
design and hosting, and has served as an incubator for emerging growth companies in the telecom
and Internet sector.
They seem to be executing their plan. rod |
