Evolution Benefits and BenSoft Partner on an Integrated Approach for Administration Software and Prepaid Benefits Card Technology

Solution Offers Lower Start-Up Costs, Fewer IT Resources to Access RepayMe ASP-Based System and the Benny® Prepaid Benefit Card

AVON, CT--(MARKET WIRE)--Jul 25, 2006 -- Evolution Benefits, Inc., the leader in innovative payment services for employee benefits, announced it has formed a new software integration partnership with BenSoft, Inc., a leading provider of reimbursement account administration software, to provide administrators with direct access to the Benny® prepaid benefits card technology. 

"This new partnership underscores the commitment of both companies to connect with leading technology partners to bring the best product combinations to market," said Robert E. Patricelli, Evolution Benefits' chairman and chief executive officer. "Combining the Benny® prepaid benefits card technology with BenSoft's RepayMe.com® web-based software solution means lower start-up costs, fewer IT resources and faster implementation for BenSoft customers wanting to offer the Benny® prepaid benefit card." 

"RepayMe's online reimbursement benefits technology integrated in real-time with Evolution Benefits' Benny prepaid benefits card enables administrators to meet the demands of the escalating consumer driven healthcare movement. Operational efficiencies, including the reduction of tedious paper-based and manual processing associated with traditional software solutions, offer significant cost savings and revenue opportunities for our joint clients," stated Tom Horan, BenSoft's founder and CEO. "Evolution is an industry innovator and a pioneer in Real-Time PBM auto-substantiation, and we are excited to offer the Benny prepaid card as an extension of the RepayMe platform."

About Evolution Benefits

Evolution Benefits, Inc. headquartered in Avon, Connecticut, began operation in 2002 with a commitment to supporting the movement toward greater consumer choice in and responsibility for employee benefits. Its primary product, the Benny® prepaid benefits card, applies advanced payment technologies and pioneering electronic substantiation methodologies to FSAs, HSAs, HRAs, and Qualified Transportation Accounts, creating a bridge between traditional benefit structures and the evolving consumer-directed benefits movement. Evolution Benefits now powers the programs of more than 80 managed care and administrative services organizations and covers more than 3,000 employers, including 40 of the nation's top-ranked Fortune and Forbes companies. Visit www.EvolutionBenefits.com for more information.


About BenSoft, Inc.
Founded in 1991 and headquartered in San Diego, CA, BenSoft develops and markets RepayMe.com, an ASP-based benefits administration software solution designed specifically for Third Party Administrators and self-administrating employers seeking a cost-effective reimbursement account administration solution. RepayMe is the 100% Web-based software solution that provides an integrated real-time debit card option, online Participant Claim Entry, Employee Self Service, Employer Self Service, and a Business Processing Outsource (BPO) option for FSA/HRA/HSA management. BenSoft provides innovative benefits solutions to companies ranging in size from 250 to over 250,000 employees. 

###

BenSoft and RepayMe are registered trademarks of BenSoft, Inc. Other company and product names may be trademarks of their respective owners.