eLEC Communications Corp.’s Affiliate, RiderPoint, Inc., Announces the Expansion of Coverage to 15 States for Its Comparative Insurance Rater, RiderPoint IQ
RiderPoint, Inc., an affiliate of eLEC Communications Corp. (NASDAQ:ELEC), announced today the expansion of coverage into Arizona, Georgia, Iowa, Michigan, Minnesota, Oklahoma, Oregon, and Washington for its online comparative insurance rater, RiderPoint IQ. The rater, provides consumers with the ability to comparatively shop for and buy their motorcycle insurance at one location, without the hassles traditionally associated with purchasing specialty insurance. The design and format of the product allows insurance agents to have access to specialty lines and carriers on their desktop computers.
“The expansion of RiderPoint IQ to 15 states is an important milestone in our continuing project,” said Craig Gironda, RiderPoint’s President and CEO. “Our development team has created and implemented a unique method for our expansion into the additional states, which allows us to easily add new carriers and markets into the RiderPoint IQ Comparative Rater. We are on schedule for our expansion into 35 states, which will allow us to reach 80% of motorcycle owners in the United States.”
Gironda continued, “Our plans call for the introduction of a full e-commerce enhancement to riderpoint.com by the end of January, which will allow customers to complete their insurance transaction online. We anticipate that we will be ready for the seasonal rush for motorcycle products that begins each year during the month of February.”
eLEC Communications Corp. is a publicly-traded local telecommunications company that is taking advantage of the convergence of the current and future competitive technological and regulatory developments in the Internet and telecommunications markets. The company provides an integrated suite of communications services to small and medium-sized business customers, including local, long distance, dial-up access, dedicated access, and Web site design and hosting, and has served as an incubator for emerging growth companies in the telecom and Internet sector.
This release contains forward-looking statements that involve risks and uncertainties. The Company’s actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; the Company’s ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which the Company can operate, access new markets, negotiate and maintain suitable reseller and interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of eLEC Communications Corp., RiderPoint, Inc. or RP Insurance Agency, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication.For purely informational purposes and pay commissions or fees based upon premium volume RP Insurance Agency, Inc. is not an agent for all insurers Quote availability by state of residence or any other factor is subject to change without notice.