TORONTO, ONTARIO -- (Marketwired) -- 05/24/13 -- Symbility Solutions Inc. (the "Corporation"), (TSX VENTURE: SY)(OTCQX: ATBEF), a global software company dedicated to developing applications for the insurance industry, announced the voting results of the special meeting of shareholders of the Corporation ("Shareholders") that was held on May 15, 2013 (the "Meeting"). The Corporation hereby advises of the following voting results obtained at the Meeting:
-- The Shareholders approved the election of the following individuals, being nominees proposed by the management of the Corporation, as directors of the Corporation: R. Larry Binnion, Richard M. Hurwitz, Christopher Jutkiewicz, Robert Landry, G. Scott Paterson, Nehal Raj, Tony Reisz, James R. Swayze, Robert W. Tretiak. By a show of hands, this resolution was carried.-- The Shareholders approved the re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation for the ensuing year and authorized the directors to fix their remuneration. By a show of hands, this resolution was carried.-- The Shareholders approved a resolution to confirm By-Law No. 1 of the Corporation, being a by-law relating generally to the transaction of business and affairs of the Corporation. The vote in respect to this matter, carried by ballot, with 84 percent of the votes cast being in favour to confirm By-Law No.1.-- The Shareholders approved a resolution ratifying the Corporation's amended and restated stock option plan. By a show of hands, this resolution was carried.
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE: SY)(OTCQX: ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a leading-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively. Symbility Mobile Claims is now available as a free Android, iPad® and iPhone® application.
Adjudicare is an advanced, practical cloud-based software solution used by a network of Employee Benefits Brokers, Third-Party Administrator partners, plan members and plan sponsors across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance. Member and administrator portals, as well as Adjudicare's centralized database, are all available on the same cloud-based platform and can be accessed seamlessly anytime by any user. Adjudicare UnionPro is the only web-based Hour Banking product to provide unions a worry-free solution to track their members' hour banking, benefit plan eligibility, and contribution data.
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Symbility Solutions Inc.
Lucy De Oliveira