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eAutoclaims, Inc.
Symbol:  EACC


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Business Summary: eAutoclaims, Inc. provides Internet-based vehicle collision claims services for insurance companies, managing general agents, third party claims administrators, and self-insured automobile fleet management companies in the United States and Canada.
 
Address
  110 E. Douglas Road
  Oldsmar , FL 34677
  Phone: 813-749-1020
  Website: http://www.eautoclaims.com
Transfer Agent
  Equity Transfer Services Inc.
Employees:  60
ShareHolders:  235
Founded:  1995
Domicile:  Nevada
 
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eAutoclaims, Inc.
Symbol:  EACC


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eAutoclaims, Inc. provides Internet-based vehicle collision claims services for insurance companies, managing general agents, third party claims administrators, and self-insured automobile fleet management companies in the United States and Canada. It accepts assignment of claims from the customers and provides vehicle repairs through a network of repair shops. The company also provides online systems to connect clients with service providers of estimates, audits, and claims administration services. It offers eJusterSuite application, which provides outsourcing and application service provider solutions. The eJusterSuite allows carriers to manage appraisal assignments, monitor performance of appraisal sources through various metrics, and includes access to service partners for rental car procurement, assignment to salvage vendors, police report pick-up services, and several other service partners used by insurance adjusters. The company also provides AuditPro product, an estimate-auditing program, which allows an insurance company to create specific auditing guideline profiles based on state, county, zip, appraisal source, and a multitude of other environmental elements. In addition, it offers various outsourcing solutions, including centralized accident reporting; copies of accident reports; identifying the appropriate network repair facility and directing the policyholder to such facility; delivering repair estimates and photographs/digital images of damage to any location; auditing claims by in-house physical damage experts; assigning independent field appraiser; delivering parts and materials; computerized tracking and follow-up system; and replacement rental vehicles. The company was founded in 1995. It was formerly known as eAutoclaims.com, Inc. and changed its name to eAutoclaims, Inc. in 2004. eAutoclaims is based in Oldsmar, Florida.
History:  INCORPORATED in Nevada Aug. 7, 1996, as Samuel Hamann Graphix, Inc., to merge a California company of the same name (incorporated Oct. 26, 1995) July 22, 1997. Name changed to Transformation Processing, Inc. Mar. 19, 1997; to eAutoclaims.com, Inc. May 31, 2000; and to eAutoclaims, Inc. Oct. 26, 2004. August 20, 1996, acquired Transformation Processing, Inc. (incorporated in Ontario Apr. 1, 1996) for 5,901,050 Common shares; and on Feb. 19, 1998, merged Transformation Processing, Inc. into the company. August 23, 1999, filed a Notice of Intent for Division/Proposal Proceedings under the Bankruptcy and Insolvency Act of Canada, which is a method of reorganizing the financial affairs of a business to reduce or eliminate debt (the Proposal). On Nov. 25, 1999, the Superior Court of Justice for the Province of Ontario issued an Order approving the Proposal. The Proposal required Thomson Kernaghan & Co., Ltd. to deposit $375,000 with the trustee to satisfy obligations to the company's creditors under the Proposal. On May 8, 2000, BDO Dunwoody Limited, the Proposal trustee, executed a Certificate of Full Performance indicating the company had fully performed under the Proposal, which essentially discharged and compromised its debt that existed prior to Aug. 23, 1999. On May 31, 2000, the trustee received its discharge by an Order of the Canadian court. May 31, 2000, merged eAutoclaims.com, Inc. (incorporated in Delaware Dec. 7, 1999) for 5,980,000 Common shares. July 20, 2000, acquired Premier Express Claims, Inc. for $200,000 in cash, 320,000 Common shares, and $130,000 in the form of promissory notes. Premier was merged into the company on Feb. 1, 2001.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2007  325
  2006  254
 
 
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eAutoclaims, Inc.
Symbol:  EACC


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Management
OfficersPosition
 William Austin Lewis, IVChairman
 Jeffrey D. DicksonPresident & Chief Executive Officer
 Larry C. ColtonSecretary, Chief Accounting Officer & Chief Financial Officer
 Stacey  AdamsChief Operating Officer
 Marilyn  MaginnesController
 Jeffrey  DicksonInvestor Relations Contact

Directors
 Larry C. Colton
 Jeffrey D. Dickson
 Christopher  Korge
 William Austin Lewis, IV
 John K. Pennington
 
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eAutoclaims, Inc.
Symbol:  EACC


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Capitalization as of 07/31/2007:
 
 Authorized SharesOutstanding Shares
Common $0.001 par150,000,00093,497,535so1
Preferred $0.001 par5,000,000None
 
LONG TERM DEBT: $198,924.
 
Common $0.001 par
 
Stockholders:  07/31/2007, 235.
PRINCIPAL STOCKHOLDERS: July 31, 2007, William Lewis owned or controlled 28.9% of the Common, and Christopher Korge 7.7%.
 
Transfer Agent:  Equity Transfer Services Inc.   Toronto , Ontario
 
OTC Bulletin Board( Primary): EACC
 
ExchangeYearHighLow
OTC Bulletin Board20070.20000.0500
OTC Bulletin Board20060.36000.1100
OTC Bulletin Board20050.35500.1000
OTC Bulletin Board20040.60000.1800
OTC Bulletin Board20030.62000.0800
OTC Bulletin Board20021.03000.0800
OTC Bulletin Board20012.80000.3800
OTC Bulletin Board20001.50000.7500
OTC Bulletin Board19994.12500.2188
OTC Bulletin Board19982.18750.2200
 
DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-25, Oct. 15, 1999.
 
 
  so1Excl. 238,536 in treas.
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eAutoclaims, Inc.
Symbol:  EACC


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Annual Report
 
Income Statement
  20072006
Revenue:
Collision repairs management9,017,87211,189,186
Fleet repairs management901,643916,741
Fees and other revenue1,871,4782,757,811
Total revenue11,790,99314,863,738
Claims processing charges8,115,16110,178,094
Selling, general and administrative expenses5,544,2346,532,363
Depreciation and amortization454,772459,133
Gain on Contract Termination 1,944,637
Net loss (378,537)(2,305,852)
Loss per common share-basic and diluted Nil($0.04)
Weighted-average shares83,713,68370,822,785
 
Balance Sheet
  2007
ASSETS
Current Assets:
Cash and cash equivalents795,047
Accounts receivable259,341
Prepaid expenses and other current assets88,415
Total current assets1,142,803
Property and equipment, net846,340
Restricted cash730,000
Goodwill1,093,843
Other assets35,800
Deferred income tax asset, net
Total Assets3,848,786
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts payable, advanced payments and accrued expenses2,061,060
Notes payable, net of unamortized discount546,289
Current portion of capital lease obligation114,988
Current portion of deferred gain on building sale108,135
Total current liabilities2,830,472
Deferred gain on building sale, net of current portion477,599
Capital lease obligation198,924
Stockholders Equity
Common stock - $0.001 par93,736
Additional paid-in capital30,739,288
Accumulated deficit(30,444,051)
Treasury Stock, at cost(47,182)
Total Stockholders Equity341,791
Total Liabilities and Stockholders Equity3,848,786
Common Shares93,736,071
Treasury Shares238,536
 
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eAutoclaims, Inc.
Symbol:  EACC


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Interim Report   
 
Data Not Available
 
 
 
 
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eAutoclaims, Inc.
Symbol:  EACC


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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eAutoclaims, Inc.
Symbol:  EACC


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   11,580,000
  2008   21,570,000
  2008   31,470,000
  2007   14,020,000
  2007   23,410,000
  2007   32,800,000
  2007   Full Year 11,790,000
  2006   13,800,000
  2006   24,390,000
  2006   33,990,000
  2006   43,440,000
  2006   Full Year 15,620,000
  2005   14,120,000
  2005   23,530,000
  2005   33,550,000
  2005   43,450,000
  2005   Full Year 14,650,000
  2004   18,690,000
  2004   27,510,000
  2004   36,560,000
  2004   44,400,000
  2004   Full Year 27,160,000
  2003   18,160,000
  2003   27,830,000
  2003   39,390,000
  2003   48,680,000
  2003   Full Year 34,060,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1(650,000)
  2008   2(430,000)
  2008   3(230,000)
  2007   1(310,000)
  2007   2(540,000)
  2007   3870,000
  2007   Full Year (380,000)
  2006   1(490,000)
  2006   20
  2006   3(830,000)
  2006   4(300,000)
  2006   Full Year (1,612,000)
  2005   1(550,000)
  2005   2(610,000)
  2005   3(770,000)
  2005   4(520,000)
  2005   Full Year (2,444,300)
  2004   110,000
  2004   2(220,000)
  2004   3(1,340,000)
  2004   4(660,000)
  2004   Full Year (2,210,800)
  2003   1(880,000)
  2003   2(540,000)
  2003   3180,000
  2003   460,000
  2003   Full Year (1,184,300)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2008   1(.01)
  2008   2Nil
  2008   3Nil
  2007   1Nil
  2007   2(.01)
  2007   3.01
  2007   Full Year Nil
  2006   1(.02)
  2006   2Nil
  2006   3(.01)
  2006   4Nil
  2006   Full Year (.03)
  2005   1(.02)
  2005   2(.03)
  2005   3(.02)
  2005   4(.01)
  2005   Full Year (.08)
  2004   1Nil
  2004   2(.01)
  2004   3(.06)
  2004   4(.02)
  2004   Full Year (.09)
  2003   1(.05)
  2003   2(.03)
  2003   3.01
  2003   4Nil
  2003   Full Year (.06)
 
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