ATLANTA, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading provider of On-Demand software and E-commerce services to the insurance and financial industries, today announced that it plans to attend an analyst call hosted by Craig-Hallum Capital Group on Tuesday morning, February 26th at 10:30 a.m. (details below) at which Robin Raina, Chairman, CEO and President and Robert Kerris, Chief Financial Officer, will discuss, fact-check and clarify several materially inaccurate statements and conclusions made in recently published blog posts regarding the company's financial reporting. The call is open to the general public.
As previously stated, management believes that to the best of its knowledge, Ebix's financial reporting, including, among other things, the Company's accounting for and reporting of intercompany loans, is appropriate and complies with all SEC reporting requirements. The Company is exploring appropriate legal remedies to hold those responsible parties accountable for what appears to be malicious, irresponsible and self-serving blog posts. The Company looks forward to discussing, fact checking and clarifying these inaccuracies for the benefit of its shareholders, customers and partners, who the Company believes have been irrevocably harmed by these blog posts.
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About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (Nasdaq: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
With 30+ offices across Brazil, Singapore, Australia, the US, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. Ebix's focus on quality has enabled it to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM). With a recent ISO 27001-security certification, the Company also has an ISO 9001:2000 certification for both its development and BPO units in India. For more information, visit the Company's website at www.ebix.com.
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