Press Release
GREENWICH, CT – July 31, 2006 – HALO Technology Holdings, Inc. (OTCBB: HALO) and its wholly-owned subsidiary, DAVID Corporation, a trusted provider of risk management information systems, today announced that 20 customer contracts were renewed during the fiscal fourth quarter ended June 30 – with eight clients entering into expanded contracts for additional licenses and add-on modules.
“We have seen tremendous traction in our Renaissance claims management software and continue to expand the level of service with our existing client relationships,” commented H. Alex Aminian, president and chief executive officer of DAVID Corporation. “For example, Northern Claims Management LLC, a third-party administrator of workers compensation claims and one of our long-term customers, added DAVID’s RenWeb suite to their Renaissance license this quarter. The expanded functionality provides their clients with a complete up-to-the-minute dashboard view of claims and financial activity, enhanced self-service report generation tools, new claim setup, and first reports of injury generation – all accessible via the web, for anytime-anywhere access.”
“Our software provides a multitude of powerful reporting applications that are relied upon for efficient claims management. The functionality that DAVID Corporation offers clearly provides a leg up in evaluating claims and responding rapidly to customer inquiries,” concluded Mr. Aminian.
DAVID Corporation has led the risk management information systems industry by developing and supporting superior software products designed for self-insured, self- administered organizations and third-party administrators (TPAs) since 1984. As an industry leader, DAVID consistently offers flexible, powerful systems to handle multiple lines of business including workers’ compensation, general liability, property and casualty, automotive and marine claims. At DAVID Corporation we seek to simplify the process of managing claims while offering our clients powerful reporting, data analysis and imaging capabilities, along with a full-service solution to risk management. These services include, dedicated account managers, comprehensive on-site training and quality software support. For further information, visit DAVID’s website at www.davidcorp.com.
David Corporation is owned and operated by HALO Technology Holdings, Inc. (OTC: HALO) (BULLETIN BOARD: HALO), a holding company for established enterprise software companies.
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.