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Technology Stocks : DLPH...Delphi Information Systems -- Ignore unavailable to you. Want to Upgrade?

To: flyboy who wrote (9)	9/2/1999 8:49:00 AM
From: flyboy	Read Replies (1) \| Respond to of 19

The first Portal deal announced INSP...Thursday September 2, 8:05 am Eastern Time Company Press Release Delphi Announces Strategic Agreement with InfoSpace.com Delphi to integrate InfoSpace.com services on ebix.com, InfoSpace.com to integrate insurance information from ebix.com in its current services and make that available to their affiliate network ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Sept. 2, 1999-- Delphi Information Systems, Inc. (Nasdaq:DLPH - news) today announced a strategic agreement with InfoSpace.com (Nasdaq:INSP - news), a leading Internet infrastructure company. InfoSpace.com will integrate Delphi's comprehensive insurance information into current service range, offering users of InfoSpace.com's services the ability to compare prices and buy insurance policies online. This information will then be available to InfoSpace.com's affiliate network, which has an unduplicated reach of over 86 percent of all Internet users. This would allow Delphi to promote its revolutionary insurance portal, ebix.com, throughout InfoSpace.com's extensive distribution network. Under the terms of the agreement, Delphi will share with InfoSpace 20 percent of ebix.com revenues generated by visitors coming from the InfoSpace.com site. In addition Delphi will issue InfoSpace.com a warrant to purchase 250,000 shares of Delphi's common stock. The option exercise price is at a premium to the current market price. ''Our carriers and agents will have access to 86 percent of all Internet users through InfoSpace.com's extensive distribution network,'' said Robin Raina, President, Delphi. ''This agreement with InfoSpace.com further demonstrates our commitment to place primary business focus behind ebix.com and establish strategic relationships with technology leaders to support the future development of the portal.'' Naveen Jain, chairman and CEO of InfoSpace.com, added: ''Our agreement with Delphi demonstrates the value the InfoSpace.com distribution network brings to companies that wish to gain rapid access to a significant number of Internet users. Our relationship with Delphi will allow us to provide an easy, accessible way to find the best insurance rates over the net by a simple click of the mouse.'' About ebix.com ebix.com, an HP Enabled E-Service which Delphi will launch on Sept. 8, is the only site on the Web to meet the insurance needs of both the consumer and the insurance professional. ebix.com will include a virtual marketplace, ebix.mall, where consumers can define their policy coverages and seek competitive quotes from a number of carriers or agents/brokers in a timeframe defined by the consumer. This will allow consumers to compare prices in a non-threatening environment and buy insurance online if they so desire. ebix.com will also incorporate powerful and secure business tools for agents/brokers, including the recently launched workflow and management engine ebix.link. ebix.link is currently being piloted by a number of leading carriers and agents in the United States and Mexico, drawing from Delphi's strong business relationships with six of the ten largest insurance agencies in the world and over 3,000 agencies in the United States. This workflow engine, launched in January, can save insurance professionals up to 70 percent in time, energy and costs associated with processing day-to-day transactions. About Delphi Information Systems Founded in 1976, Delphi Information Systems, Inc. (Nasdaq:DLPH - news) is a leading international supplier of software and Internet solutions to the property & casualty insurance industry. An independent provider, Delphi employs hundreds of insurance and technology professionals who provide products, support and consultancy to over 3,000 customers on six continents. Delphi is the only insurance software provider that offers agency/broker management systems created by insurance professionals to serve the unique needs of each insurance segment around the world. Delphi's agency management products feature fully customizable and scaleable software designed to improve the way insurance professionals manage all aspects of insurance distribution, including: marketing, sales, service, accounting and management. For more information on Delphi products and services, call 1-800-4DELPHI (800.433.5744) or visit the Delphi Web site at www.dlph.com. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filing with the Securities and Exchange Commission.