bswift and COBRA Compliance Systems Enter Partnership to Offer Online Employee Benefit Enrollment and Administration Services

Chicago, March 24, 2003 -- bswift, an Internet-based employee benefits administration software company, has signed a partnership agreement with Cobra Compliance Systems, Inc. (CCS), one of the nation’s largest employee benefits administrators. The partnership will enable CCS to offer its clients full-service online enrollment and administration of employee benefits.

bswift offer “one-stop shopping” for a complete online suite of Human Resources (HR) administrative services that encompass:

• Employee self-service benefits enrollment and benefit plan information
• Information and content for HR managers
• Employee communications tools

"We conducted exhaustive research on many vendors across the country when shopping for an online benefits enrollment system,” says Chuck Koser, CCS Vice President of Administrative Services. “We decided on bswift for several reasons, primary among them, its ease of implementation, flexibility of system configuration, and broad product line."

“Not only does bswift enable us to offer online benefits administration solutions to our employer clients,” adds Koser, “but it also provides us with powerful online tools to offer our insurance broker partners.”

"We are extremely proud to be part of the CCS service offering,” says Ray Seaver, bswift Partner. "With the growth of more consumer-oriented health plans and benefit programs, the combination of CCS’s administrative services with bswift’s technology promises to be a compelling solution for brokers and employers.”

About CCS

Based in Coldwater, Michigan, CCS provides benefit administration services, including COBRA, Flexible Spending Accounts, HIPAA administration, POP Subscription services, Premium Conversion Plans, and retiree billing, to 12,000 clients nationwide. In addition, CCS offers informational seminars across the country on COBRA and HRA (Health Reimbursement Arrangement). For more information on CCS, please contact Chuck Koser at 800-300-3838 or ckoser@cobracs.com.

About bswift

Based in Chicago, bswift simplifies employee benefits administration with online solutions that encompass all aspects of benefits enrollment, Human Resources administration, and employee communications. bswift’s award-winning technology significantly reduces administrative costs and time-consuming paperwork, improves HR responsiveness, and enhances the employee benefits offering. bswift’s competitive advantages include: easy-to-use features and functions, fast implementation, and competitive pricing. bswift’s base enrollment system was runner up in Microsoft’s Best eCommerce Solution Competition out of 15,000 entrants in 1999. For more information, see www.bswift.com or contact Susan Blinkhorn (sblinkhorn@bswift.com ), toll-free: 1-877-9-bswift (927-9438).