COALITION AMERICA FORMS STRATEGIC ALLIANCE WITH PRIM CAPITAL - CAI Offers Medical Cost Containment to Financial Services Industry
ATLANTA, Ga. - October 31, 2001

Coalition America, Inc. (CAI), a leader in healthcare savings, cost-containment and customized preferred provider organization (PPO) networks, today announced a strategic alliance with Prim Capital Corporation to provide cost savings and medical cost containment services to the financial services industry.

"Prim Capital has high-level access to key decision-makers within some of the country’s top employer groups and Fortune 1000 companies," said Sean Smith, chief executive officer of Coalition America. "With this strategic alliance we are further cementing our leadership position in the industry and at the same time building a new model for cost-containment by encouraging insurance companies to listen to employers’ demands for cost savings."

Under terms of the agreement, CAI will provide a fully integrated medical cost-containment program to Prim Capital’s customers and affiliates. Prim Capital will gain the ability to enhance its PPO utilization and savings through a client specific national PPO network developed by CAI. CAI has relationships with over 200 PPO networks, including local, regional and national organizations. Through its program called Solutions Plus! CAI utilizes its extensive database of information to analyze a clients’ needs and to recommend the best primary network based on savings and access for each market. Additionally, CAI will offer Prim Capital customers and affiliates the ability to achieve significant discounts on non-network claims through its Savings Plus! program, which includes negotiations on all size claims. The medical claims will be repriced by utilizing CAI’s proprietary Internet repricing system, RepriceNow, or, for higher volume clients, through an electronic data interchange (EDI) interface. Because of the tremendous influence of these Fortune 1000 employer groups, insurance companies are persuaded to pass along their non-network medical claims to CAI for negotiation and additional savings.

"By partnering with CAI we are enhancing and expanding our existing healthcare service offering," said Anthony Delfre, principal at Prim Capital. "In addition we are generating tremendous cost savings for our corporate clients on non-network claims."

Prim Capital provides a full range of high-quality financial planning, investment and risk management solutions and is responsible for advising their clients with financial assets in excess of $2 billion. Because of its large sphere of influence and recognition as a financial services leader, Prim Capital is in a unique position to pave the entry of CAI into industries beyond its current reach, while extending Prim Capital’s presence into the healthcare services industry.

About Prim Capital

Prim Capital Corporation was founded to provide objective financial planning and investment counsel and individualized, long-term financial planning and investment strategies for individuals, trusts and institutions. Headquartered in Cleveland, Ohio, Prim Capital blends the diverse talents of its principals into a cohesive team approach to solving client objectives.

About Coalition America

Atlanta-based Coalition America, Inc. (CAI) is a leader in healthcare cost-containment, Internet repricing and information services for customized preferred provider organization (PPO) networks. CAI offers one source for PPO network access and administration, while assisting companies in controlling their medical healthcare expenses. CAI links large self-insured companies and other payors with the numerous PPO networks they need to provide the best health plan for their employees. The range of services offered by CAI includes network integration and management, electronic data transfer (EDI), Internet re-pricing and data-entry options and negotiations on all claims. CAI, privately-held, recorded more than 2000 percent growth since its founding in 1995 and remains debt-free. In the current marketplace full of venture capitalists and investors, this is truly an accomplishment. For more information on Coalition America, please visit www.coalitionamerica.com.

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