Claimsnet.com Inc. is an electronic commerce company engaged in healthcare transaction processing for the medical and dental industries by means of the Internet. The Company’s software enables communication of data between healthcare payers and their provider networks and trading partners (claims clearinghouses, third party administrators, preferred provider organizations, health maintenance organizations, claim re-pricing organizations, independent physician associations, and managed service organizations) for conducting administrative transactions required for financial reimbursement for healthcare services. It also undertakes editing and checking of data accuracy in medical claims. In February 2008, the Company acquired Acceptius, Inc.