To: Coral4pH_dot_com who wrote (17717 ) 7/13/1999 10:25:00 AM From: RCJIII Respond to of 25711
More news just out on NAMC- (PR NEWSWIRE) NAM Corp.'s New Virtual Courtroom Service, clickNsettle.com, NAM Corp.'s New Virtual Courtroom Service, clickNsettle.com, Featured in This Week's Business Week GREAT NECK, N.Y., July 13 /PRNewswire/ -- The July 19, 1999 issue of Business Week magazine features an article highlighting the successful launch of clickNsettle.com, NAM Corp.'s new Internet-based, interactive virtual court service. clickNsettle.com is a new subsidiary of NAM Corp. (Nasdaq: NAMC), the national provider of arbitration and mediation services and electronic case management software. The article is just one example of the positive media attention focused on clickNsettle.com since its launch on June 23, including recent stories in Newsday, Reuters, CBS Marketwatch and National Public Radio's "Marketplace." "The extremely positive response we've gotten about clickNsettle.com from clients, investors and the financial media has been exceptional," said Roy Israel, Chairman and CEO of NAM Corp. "It's clear to everyone that clickNsettle.com is a product that offers quick, efficient and legally-binding resolutions to monetary disputes. Cases that would normally take years to resolve are being settled in weeks, days or even minutes." clickNsettle.com offers an alternative to traditional litigation and provides litigants with the ability to settle cases via the Internet. The service, with patent pending, can be accessed 24 hours a day, 7 days a week and is being targeted to the multi-billion-dollar litigation market. NAM Corporation provides arbitration/mediation services and related proprietary 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 NAM Corporation -0- 07/13/99 /CONTACT: Adam Pockriss of Dan Klores Associates Public Relations, 212-981-5228, for NAM Corporation/ /Web site: clicknsettle.com (NAMC) CO: NAM Corporation ST: New York IN: CPR SU: PDT