Symbility Solutions Secures 100% Customer Renewal Rate in 2015

TORONTO, ON -- (Marketwired) -- 12/15/15 -- Symbility Solutions Inc. (the "Corporation") (TSX VENTURE: SY), a global provider of cloud-based and mobile-enabled claims technology for the property and health insurance industries, today announced that it has retained 100 percent of its global contracts up for renewal in 2015. This news comes on the heels of its recent announcements of new customer contracts globally including tripleSAN, Electric Insurance, Wayne Insurance, Acromas Insurance and Cunningham Lindsey.

"Our high level of one-on-one customer support definitely makes Symbility stand out from the competition. The unwavering dedication to our customers' success and the recognized value of our products and services led Symbility to a 100 percent renewal rate for the year," commented James Swayze, CEO, Symbility Solutions. "Symbility's global clients have once again decided to put their confidence in our products and services to help them deliver a market-leading claims experience to their customers. We now have on our global platform over 50,000 users and $4.5 billion in annual claims moving through our mobile and cloud-based application." 

In addition, Symbility announced that 100,000 options were granted to an Officer in accordance with the Corporation's stock option plan. Each option entitles its holder to purchase one common share of the Corporation at a price $0.27 for a period of ten years from December 11, 2015. The options will vest at a rate of one third per annum on the anniversary date of the grant.

About Symbility Solutions ® Inc.

Symbility Solutions (TSX VENTURE: SY) is a global provider of cloud-based and mobile-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. Symbility's mobile innovation division, BNOTIONS, focuses on the design and development of leading technologies in the areas of mobile, the Internet of Things (IoT), Machine-to-Machine (M2M), and wearables. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All trade names are the property of their respective owners.

   
    Media Contacts: James R. Swayze Chief Executive Officer Symbility Solutions Inc. (647) [email protected] Lucy De Oliveira Global Marketing Director Symbility Solutions Inc. (647) [email protected] Investor Contact:Blair R. Baxter Chief Financial Officer Symbility Solutions Inc. (647) [email protected] 

Source: Symbility Solutions Inc.

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