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(Orlando, FL - March 15, 2004) - XGear Technologies, announced today they have processed more than 250,000 EDI healthcare transactions since the first transaction was processed in 2000. The company provides Internet-based Practice Management Solutions to healthcare providers across the country and the main source of revenue is generated from recurring EDI transactions. Their suite of EDI transactions includes electronic insurance claims, electronic payment information, electronic patient eligibility verification, and patient statements.

β€œWe have come a long way since I started the company from my home 3 years ago,” said Douglas A. Kegler, President and CEO. β€œThanks to a solid business plan and a great staff, our future looks very bright.”

About XGear Technologies
Headquartered in Orlando, FL, XGear Technologies provides the healthcare industry with an Internet-based Medical Billing and Practice Management Software program, ClaimGear, which has the speed of a local PC application and the "use anywhere" flexibility of a Web browser application. Through the Internet and its Java-based system, which utilizes Sun Microsystems Inc.'s (Nasdaq:SUNW) Java technology, ClaimGear is giving physician offices and billing services the opportunity to become more efficient and flexible. For more information, visit: http://www.claimgear.com.

Note to Editors: ClaimGear is a trademark of XGear Technology in the United States. Java is a trademark of Sun Microsystems Inc. in the United States and other countries.

For more information, please contact us at: 888-348-4309.

Note: As of Apr 26, 2007 ClaimGear has changed to CollaborateMD.


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