Peak Performance Completes Claims Harbor Acquisition

Business Wire, April 8, 2008

COLUMBUS, Ohio -- Peak Performance Solutions, Inc. (www.peakpsi.com) has completed the acquisition of Claims Harbor www.claimsharbor.com, which provides insurance applications and services to the property & casualty insurance industries. Claims Harbor was a business unit of Harbor Payments, acquired by American Express in 2007. The terms of the transaction were not disclosed.

Claims Harbor is an insurance automation and disbursement solutions provider focused on deployment of electronic claims processing, compliance, reporting, and disbursement applications. The Company provides a range of technology solutions that automate and expedite the entire claim cycle from initial report, to settlement and disbursement. Claims Harbor has over 250 clients, including insurance carriers, state funds, third-party administrators, employers, managed care organizations, and a host of information technology vendor companies.

Steven Isaac, Chairman and Chief Executive Officer of Peak Performance Solutions, Inc., said he and his management team were "excited to bring Claims Harbor's line of business offerings to Peak's already expansive family of proven solutions. The Claims Harbor acquisition continues our strategy of acquiring mature and proven insurance and risk management software solutions, enhancing them with modern technology capabilities and extended functionality, to provide comprehensive solutions that optimize our clients' business performance." Mr. Isaac also stated that with the addition of Claims Harbor, "we are able to optimize our organic business performance, and expand our market reach. We are forecasting 2008 revenue and EBITDA of approximately $10 million and $2.5 million, respectively." He further disclosed that Peak Performance is actively seeking other significant acquisitions this year.

About Peak Performance

Founded in 2004, Peak Performance offers a comprehensive insurance processing solution for Property & Casualty insurance organizations and risk management solutions that deliver measurable and significant ROI, from reducing operating costs to improving loss ratios. Peak's unique approach combines mature and proven software solutions with web services and other modern technologies to redefine end-to-end processing. Others look to end-to-end as little more than automating processes from policy and claims, while we extend the definition to include streamlining processes throughout the entire operation. Peak acquired Envision Technology Solutions in 2006. Envision has been a premiere provider of claims and risk management technologies since 1994. Its award-winning, web-based risk management information system, RiskEnvision, is in use by Fortune 500 companies, Third-party Administrators, Healthcare systems, States, Pools, and Municipalities across the U.S. and Mexico. Envision is known in the industry for their consultative expertise and attentive customer service.

For more information on Peak Performance's products and services, visit www.peakpsi.com.