Rochelle Park, NJ, August, 2002 . . . HealthCard Systems, LLC announced today the endorsement of its comprehensive transaction processing services by healthcare administrative software pioneer Health Plan Systems. Richard Spigai and David Schwartz, with extensive background in the development of niche-marketing programs in the credit/debit industry, established HealthCard Systems to focus solely on the intrinsic transaction processing needs and requirements of the healthcare industry. Health Plan Systems now joins many other well-respected healthcare industry leaders in their support and selection of HealthCard Systems, which has been deemed the “preferred credit card processor for the healthcare industry.” HealthCard Systems focuses solely on the unique transaction processing needs of an industry facing growing challenges. Escalating processing costs, unpredictable statement fees and a general unfamiliarity with the inherent needs of the healthcare industry, have all contributed to ongoing confusion and mounting operational costs for individual healthcare providers and facilities. HealthCard’s proprietary processing system has been developed to address these industry concerns by providing cost-effective transaction processing programs that streamline services, eliminate confusion, reduce operating costs, minimize staff involvement, and enhance cash flow. “Finally, there is a meaningful alternative for the healthcare industry. HealthCard is a company that understands and anticipates our industry’s needs. In addition to an unprecedented level of provider support, HealthCard’s processing solutions are flexible so they’re compatible with most healthcare-specific software platforms,” said Health Plan President and Chief Executive Officer Dr. A. Hassan Mohaideen. “The ramifications of unmanageable industry costs and other growing challenges are far-reaching to everyone - from patients to providers who often feel the negative effects. HealthCard wants to set a new credit and debit card processing standard within the industry, bringing about an important change that will have meaningful financial and operational impact for all involved. We thank Dr. Mohaideen for his support and look forward to working with his colleagues,” said Schwartz. HealthCard Systems’ management team is comprised of proven professionals from both the healthcare and credit/debit card industries, who not only recognize the needs and concerns prevalent in the healthcare industry, but more importantly, have developed programs to successfully address them. “Our focus is clear. HealthCard Systems will take the healthcare industry into the 21st century by introducing state-of-the art electronic systems that combine credit and debit card processing with valuable information intrinsic to individual client needs,” explained Spigai. Health Plan Systems is a leader in the development of administrative software for the healthcare industry and offers a comprehensive suite of administrative software products that allow insurance companies, TPAs, and IPAs to reach HIPAA compliance, quickly, easily and cost-effectively. Health Plan Systems is one of an elite group of companies to have its software certified by Claredi™, a national third-party organization that accredits entities that send or receive HIPAA-regulated transactions.