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(Orlando, FL – Dec. 15, 2006) - XGear Technologies, Inc., a leading provider of Internet-based ASP practice management and medical billing software for the healthcare industry, announced today that it has processed its six millionth transaction. Just over a year ago they announced processing their 3 millionth transaction. XGear is the maker of ClaimGear, one of the healthcare industry's leading medical billing and practice management software programs.

"I'm very excited about the growth we achieved in 2006 and our future just keeps getting brighter," said Douglas A. Kegler, President and CEO of XGear Technologies. "We strongly believe we are one of the top online medical billing and practice management software companies available today. Our strong commitment to making medical offices and billing services operate more efficiently is the reason behind our growth," commented Mr. Kegler.

In addition to adding more medical offices and medical billing services to their client base, XGear is also processing transactions for RediClinic, a nationwide chain of convienent care clinics, and installing a courseware version of their medical billing software in Corinthian Colleges, the largest secondary post-education company in the U.S., for their Medical Billing and Coding Educational Programs.

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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