Communication Intelligence Corporation (OTCBB: CICI) $15M (MarketCap) Trading at +63%

Communication Intelligence Corporation (OTCBB: CICI) $15M (MarketCap) Trading at +63%

Communication Intelligence Corporation (OTCBB: CICI) is currently trading at $0.08, up $0.03 or 63.27%. Over the past several years, this company has emerged as the leading supplier of electronic signature solutions within the Financial Services Industry. This leadership is evidenced by CIC's large scale deployments at leading financial institutions including such companies as: AGLA (American General Life & Accident), Allstate Insurance, Charles Schwab, Prudential Insurance, Snap-on Credit, State Farm Insurance, Travelers Insurance, Wells Fargo Bank and WFG (World financial Group). The draw to CIC's products is due to their ability to enable companies to achieve truly paperless workflow in their eBusiness processes. This is done by providing multiple signature technologies across virtually all applications in Software as a Service (SaaS) and fully deployed on-premise delivery models. Web services can facilitate end to end management of multi-party approvals of PDF and XHTML documents when using CIC's products.

On June 8th, the company announced that a top 5 insurance carrier and a top 10 auto insurance company had successfully deployed self service auto insurance solutions leveraging its SignatureOne Ceremony Server. The solutions allow the insurers' customers to apply for and bind an auto insurance policy during a single visit to their website without any agent assistance. This shift in current technology deployments to a Services Based Architecture enables CIC customers to rapidly customize, configure, and implement its product. For instance, one of these initial deployments was live on the customer's website in less than 90 days and received rave reviews from senior management at the carrier.

Industry analysts such as TowerGroup confirm that the number one driver for insurance carriers in the U.S., North America, and Western Europe is expense reduction. Insurance companies are now running on 6 years of decreased premiums due to competitive pressures. Furthermore, based on recent events in the financial markets, the carriers cannot count on investment income to make up the difference as they did in past years; therefore focusing on reducing expenses is a must.

Guido DiGregorio, CIC's Chairman and CEO, commented, "Insurers offering a fully electronic and automated quote to bind process on their web portals can also significantly decrease the cycle time, improve customer satisfaction which increases acquisition rates and reduces attrition rates, and accelerate collection of initial premiums. This has been made possible with our electronic signature technology that enables the final stage of the final steps of the workflow and eliminates the need for paper processing."

The SOA design and capabilities of the SignatureOne Ceremony Server also allow CIC customers to expand its usage for other products or lines of business as an integral service within their enterprise architecture. These insurers are currently integrating with other application processes and are expected to have additional products and business lines benefitting from this within the next few months.

Disclosure: no positions

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